Attached files
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| 8-K - FORM 8-K 8/30/2011 - TELTRONICS INC | form8k2011-3.htm |
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Teltronics, Inc. Pursues Sale
Teltronics (NASDAQ Bulletin Board: TELT.OB) has put itself up for sale as a means to exit Chapter 11 bankruptcy.
The 42 year old Palmetto, FL based company manufactures and services electronic hardware and software, primarily in the telecommunications industry. Teltronics offers state-of-the-art electronic design, development and manufacturing (“ISO 9001:2008”) as well as installation and contract maintenance services to a world-class roster of customers, including AT&T, Verizon, Sprint, Gazprom, ABB, Federal Bureau of Prisons and the New York Department of Education among others.
With a global installed base of products, Teltronics operates three primary business segments via its US and UK companies and sales offices around the world:
| Communications | Contract Manufacturing |
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Teltronics’ installed base of proprietary communication and alarm products has created a contract service and maintenance platform with a multi-year recurring revenue stream associated with the support of long-time customers.
The Company was compelled to seek the relief of Chapter 11 as a persistent lack of capital made the company vulnerable to the contraction in business associated with the recent recession. Teltronics filed on June 27, 2011. Management has used this opportunity to right-size its cost structure and refocus the organization.
Teltronics will emerge from bankruptcy with a predictable core business and a stable of new and innovative products that enhance current customer relationships and provide significant opportunities for growth via expanded product offerings, additional channel penetration and enter into new markets.
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($000’s)
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2009
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2010
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2011P
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2012P
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2013P
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2014P
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2015P
|
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Sales
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$43.1
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$26.2
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$21.4
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$27.7
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$40.5
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$48.2
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$52.4
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GP %
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41%
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35%
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41%
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41%
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39%
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38%
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38%
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EBITDA
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7.2
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<1.6>
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1.1
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3.4
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6.5
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8.2
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8.8
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If you wish to obtain any financial data or other information about this opportunity, please contact:
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David Asmann
dasmann@tritoncap.com
312-575-0192
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Jeff Connell
jconnell@tritoncap.com
312-575-0190
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TRITON CAPITAL PARTNERS, LTD
www.tritoncap.com
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