Technical Communications Corporation Reports Results for the Fiscal Quarter Ended December 29, 2012

Technical Communications Corporation Reports Results for the Fiscal Quarter
Ended December 29, 2012

CONCORD, Mass., Feb. 8, 2013 (GLOBE NEWSWIRE) -- Technical Communications
Corporation (Nasdaq:TCCO) today announced its results for the first quarter of
its 2013 fiscal year. For the quarter ended December 29, 2012, the Company
reported a net loss of $(310,000), or $(0.17) per share, on revenue of
$1,597,000, compared to net income of $929,000, or $0.51 per share, on revenue
of $4,441,000 for the quarter ended December 24, 2011.

Commenting on corporate performance, Carl H. Guild, Jr., President and Chief
Executive Officer of TCC, said, "Revenues for the first quarter of fiscal 2013
fell short of our objectives due to continuing delays in the award of certain
significant planned contracts. We continue to work to capture this business
and anticipate the start of such projects in the later part of the 2013 fiscal
year. We expect revenues in the second and possibly third quarters of fiscal
2013 to continue at a low level due to these contract delays.

TCC's new product development efforts, which were discussed in our recent
annual report and press release, continue to yield good progress. Field
demonstrations and tests are being planned and performed as part of our
customers' evaluation process."

About Technical Communications Corporation

TCC designs, manufactures, and supports superior-grade secure communications
systems that protect highly sensitive information transmitted over a wide
range of data, voice and fax networks. TCC's security solutions protect
information privacy on every continent in over 115 countries. Government
agencies, militaries, financial institutions, telecommunications carriers and
multinational corporations worldwide rely on TCC to protect their
communications networks.

Statements made in this press release, including any discussion of our
anticipated operating results, financial condition and earnings, including
statements about the Company's ability to achieve and sustain growth and
profitability and expand product lines and market share, constitute
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. Such forward-looking statements, identified by
the use of such terms as "anticipates," "believes," "expects," "may," "plans"
and "estimates," among others, involve known and unknown risks. The Company's
results may differ significantly from the results expressed or implied by such
forward-looking statements.The Company's results may be affected by many
factors, including but not limited to future changes in export laws or
regulations, changes in technology, the effect of foreign political unrest,
the ability to hire, retain and motivate technical, management and sales
personnel, the risks associated with the technical feasibility and market
acceptance of new products, changes in telecommunications protocols, the
effects of changing costs, exchange rates and interest rates, and the
Company's ability to secure adequate capital resources. These and other risks
are detailed from time to time in the Company's filings with the Securities
and Exchange Commission, including the Company's Annual Report on Form 10-K
for the fiscal year ended September 29, 2012.

                                      

Technical Communications Corporation
                                                   
                                                   
Condensed consolidated income statements            
                                                   
                                        Quarter Ended
                                        (Unaudited)
                                        12/29/2012  12/24/2011
Net sales                                $1,597,000 $4,441,000
Gross profit                             1,102,000   3,305,000
S, G & A expense                         778,000     988,000
Product development costs                855,000     1,072,000
Operating (loss) income                  (532,000)   1,246,000
Income tax (benefit) expense             (214,000)   317,000
Net (loss) income                        (310,000)   929,000
Net (loss) income per share:                        
Basic                                    $ (0.17)    $ 0.51
Diluted                                  $ (0.17)    $ 0.50

                                                       
                                                       
Condensed consolidated balance sheets                   
                                                       
                                           12/29/2012   9/29/2012
                                           (Unaudited)  (derived from audited
                                                         financial statements)
Cash and marketable securities              $6,627,000  $6,725,000
Accounts receivable, net                    1,085,000    1,381,000
Inventory                                   2,442,000    2,633,000
Deferred & refundable income taxes          1,692,000    1,477,000
Other current assets                        166,000     171,000
Total current assets                        12,012,000   12,387,000
Property and equipment, net                 415,000     453,000
Total assets                                $12,427,000 $12,840,000
                                                       
Accounts payable                            152,000      167,000
Accrued expenses and other current         598,000   546,000
liabilities
Total current liabilities                   750,000      713,000
Total stockholders' equity                  11,677,000  12,127,000
Total liabilities and stockholders' equity  $12,427,000 $12,840,000

CONTACT: Michael P. Malone
         Chief Financial Officer
         (978) 287-5100
         www.tccsecure.com
 
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