Cognitronics Signs Agreement with Nortel Networks
DANBURY, Conn., Nov. 2 /PRNewswire/ -- Cognitronics Corporation (Amex: CGN - news) announced today the signing of an agreement with Nortel Networks Corporation under which Nortel Networks will undertake to qualify Cognitronics' lines of voice information products for resale to Nortel Networks' customers for use on its high capacity, state-of-the-art telephone network switching systems.
Upon successful completion of the qualification process, Cognitronics' family of voice information systems will be eligible for resale by Nortel Networks to its customers for use on its DMS-100, DMS-250 and DMS-500 switching systems to provide a variety of voice announcements, including changed number intercept, time and weather, audiotext and Centrex ACD on-hold announcements. The McIAS 16xx product line is presently qualified for use on Nortel Networks' DMS-10 switch.
''This expansion of our relationship with Nortel Networks is a significant step forward to attaining our long-term goal of becoming a worldwide premier supplier of voice information solutions to the telecommunications industry,'' said Brian J. Kelley, president and chief executive officer of Cognitronics. ''The qualification of our voice information products for use on Nortel Networks' high capacity switching systems will provide an excellent opportunity for our future growth potential.''
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, variability of sales volume quarter to quarter, product demand, market acceptance, litigation, risk of dependence on significant customers, third part 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.
McIAS is a trademark of Cognitronics Corporation. DMS-100, DMS-250 and DMS-500 are registered trademarks of Nortel Networks Corporation.
Nortel Networks Corporation, headquartered in Brampton, Ontario, Canada, designs, builds and delivers a wide range of public and private networks, communications systems and software and data networking systems.
Cognitronics Corporation is a leading manufacturer and supplier of voice information systems, including telephone network and call management products, to telephone operating companies, other telecommunications providers and original equipment manufacturers.
SOURCE: Cognitronics Corporation |
