Technical Communications Shares Surge on Q1 Fiscal 2012 Results (TCCO)

Shares of Technical Communications Corporation (NASDAQ: TCCO), a Concord, Massachusetts-based company engaged in the design, development, manufacture, distribution, marketing and sale of communications security devices and systems, are soaring today after the company released its first-quarter fiscal 2012 financial results.�Technical Communications shares rose to an intra-day high of $9.39 today, and at last check, were 25% to $9.15 on above average volume of 187,745.�

For the first quarter ended December 24, 2011, Technical Communications posted net income of $929,000, or $0.51 per share, up from $498,000, or $0.27 per share reported for the same period in the previous year. TCCO�s revenue for the quarter rose from $2.735 million to $4.441 million.�

Carl H. Guild Jr., President and CEO of Technical Communications, said that TCCO produced strong financial results in the first quarter of fiscal 2012 driven by substantial sales of its radio encryption systems. Guild said that the revenues from sales were used partially to fund the company�s planned increase in research and development that began in fiscal 2011 and which is expected to continue throughout the current fiscal year.�

Guild noted that the increased internal product development is focused on the development of new products to provide platforms for future growth.�

During the first quarter of fiscal 2012, TCCO continued its field testing of new products and also expanded its business initiatives in South America and the Middle East. Guild said that looking ahead to the fiscal year 2012, the company expects to complete the initial development and launch the CX7211, the first in a family of advanced 100 MB/s to 1 GB/x IP encryptors designed to service private network market for governments, military and satellite users.�

Guild also said that TCCO completed systems testing of a new high speed, SONET/SDH optical encryptor called the 72B during fiscal 2011, which offers full-rate encryption capability at 155 Mb/s and 622 Mb/s speeds.�

Technical Communications� technology development plans also consist of continuing assessments of several technical options for improving the DSP9000 universal radio encryption and CSD3324SE/SP secure telephone product lines.�