(BSNS WIRE) Conolog Begins Fulfillment of Lockheed Martin Contract -- $300,
Conolog Begins Fulfillment of Lockheed Martin Contract -- $300,000 Inventory
Delivered; Value of Additional Releases May Reach $1 Million
Business Editors & High Tech Writers
SOMERVILLE, N.J.--(BUSINESS WIRE)--June 26, 2000--Conolog
Corporation (NASDAQ:CNLG, CNLGW), an engineering and design company
that provides digital signal processing solutions (DSP), announced
today that it has fulfilled releases on its contract with Lockheed
Martin (NYSE:LMT) with the delivery of inventory valued at $300,000.
The Company estimates that the value of additional releases over the
term of the contract may reach up to $1 million by July 31, 2000.
Robert Benou, Conolog's president, commented, "Conolog Corporation
has an excellent open relationship with Lockheed Martin, through which
we fulfill its product requirements in a series of releases over the
term of the contract. We have already fulfilled $300,000 worth of
inventory, and look forward to continuing to serve Lockheed Martin's
product needs."
Conolog Corporation is an engineering and design company primarily
engaged in providing engineering and technical personnel, and
manufacturing a line of digital signal processing systems, including
transmitters, receivers and multiplexers, under the INIVEN trade name.
Forward-looking statements in this release are made pursuant to
the "safe harbor" provisions of the Private Securities Litigation
Reform Act of 1995. Investors are cautioned that such forward-looking
statements involve risks and uncertainties, including, without
limitation, continued acceptance of the Company's products, increased
levels of competition, new products introduced by competitors, and
other risks detailed from time to time in the Company's periodic
reports filed with the Securities and Exchange Commission.
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CONTACT: National Financial Network
Geoffrey Eiten (Investor Relations)
781/444-6100 ext. 13 or 877/385-0977
or
Conolog Corporation
Robert Benou, 908/722-8081
KEYWORD: NEW JERSEY
INDUSTRY KEYWORD: MANUFACTURING NETWORKING PRODUCT
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