Tuesday May 6 8:32 AM EDT
Company Press Release
Source: Cognitronics Corporation
Cognitronics Announces Volume Purchase of Its Voice Processing Systems
DANBURY, Conn., May 6 /PRNewswire/ -- Cognitronics Corporation (AMEX:CGN) today announced that a nationwide,
independent telecommunications company has placed purchase orders, aggregating almost $1 million, for delivery of
Cognitronics' McIAS(TM) 1623/IP voice processing systems in 1997.
The McIAS 1623/IP voice processing systems will be installed on the customer's local network switches to provide enhanced
voice information services. Additional voice information applications can be added to the McIAS platforms in the future.
``We are pleased that this customer has selected Cognitronics' flagship McIAS 1623/IP voice processing system for its voice
information requirements,'' said Brian J. Kelley, president and chief executive officer of Cognitronics. ``This procurement is a
further validation of our decision to build flexible and versatile voice processing systems that can be readily adapted to our
customers' needs.''
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
More news for referenced ticker symbols: CGN, and related industries: telecommunications. |
