 OLD BRIDGE, NJ ACCESSWIRE April 13, 2020 Blonder Tongue Laboratories, Inc. NYSE American: BDR announced today that it has received loan proceeds of 1,768,762 PPP Loan under the Paycheck Protection Program PPP. The PPP, established as part of the Coronavirus Aid, Relief and Economic Security Act CARES Act, provides for loans to qualifying businesses for amounts up to 2.5 times of the average monthly payroll expenses of the qualifying business. The loans and accrued interest are forgivable after eight weeks as long as the borrower uses the loan proceeds for eligible purposes, including payroll, benefits, rent and utilities, and maintains its payroll levels. 