Note - This company has done about $17 million in sales each of the past two years. The following announcement concerning a volume sale of its product is the first one of the sort I have seen released by the company in the last year and a half:
Cognitronics Announces Volume Purchase of its Voice Processing Systems
DANBURY, Conn., April 7 /PRNewswire/ -- Cognitronics Corp today announced receipt of purchase orders aggregating $1
million from a North American telephone company for delivery of its McIAS(TM) 1623/IP voice processing systems in the
current quarter.
The McIAS 1623/IP systems will be installed on the customer's central office network switches to provide enhanced voice
information services. Additional voice information applications can be added to the McIAS platforms by the customer in the
future.
"We are pleased that this customer has selected us to supply our flagship McIAS 1623/IP voice processing systems for its
voice information requirements," said Brian J. Kelley, president and chief executive officer of Cognitronics. "We take this
procurement as yet another vote of confidence in our McIAS 16xx/IP line of voice processing products."
Statements contained herein which are not historical facts are forward- looking statements. The forward-looking statements in
this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements involve a number of risks and uncertainties including, but not limited to, product demand, market
acceptance, litigation, risk of dependence on significant customers, third party suppliers and intellectual property rights, risks in
product and technology development and other risk factors detailed in the company's Securities and Exchange Commission
filings.
Cognitronics is a leading manufacturer and supplier of voice processing equipment, including telephone network and call
management products and interactive voice response (IVR) systems, to telephone operating companies, original equipment
manufacturers and commercial end-users. SOURCE Cognitronics Corporation |
