Ahhh, what's the matter Floydie? You bored today? Basking in the sun today? Best you can do is come up with quotes anymore?
Where oh where can the GLOSSY Pump and Dump PR be? Oh where Oh where can it be?
Okay, well here you go buddy...
(COMTEX) B: Conolog Ships First Modified PTR1500 Production Module to
B: Conolog Ships First Modified PTR1500 Production Module to Bonneville Power
Administration; Value of Potential Contract Could Reach $4 Million
SOMERVILLE, N.J., Jun 30, 2000 (BUSINESS WIRE) -- Conolog Corporation (NASDAQ:
CNLG, CNLGW), an engineering and design company that provides digital signal
processing solutions (DSP), announced today that it has shipped its first
production module of an active hi-voltage switching and line-signal interconnect
to its PTR 1500 DSP systems to the Bonneville Power Administration (BPA). The
BPA is a long-standing client of Conolog Corporation, in receipt of over $2
million worth of inventory from the Company's INIVEN brand PTR product line.
The production module was specifically designed by Conolog to meet the needs of
the BPA and other electric utilities for uninterrupted power even during repairs
or modifications of systems. It provides a front panel 3-5 kv manual switch that
permits electric utility customers to disable all PR1500 inputs and outputs
under full operating load conditions, and a front panel jack-set that allows the
insertion of external frequencies while at the same time disconnecting the input
line(s) to the system.
Robert Benou, Conolog's president, commented, "Conolog Corporation values its
relationship with Bonneville Power Administration, and we look forward to
continuing to fulfill their specific product requirements. This production
module could form the basis for yet another contract with BPA, that could
potentially add $4 million in revenues to Conolog's bottom line over the next 24
to 36 months."
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.
CONTACT: National Financial Network
Geoffrey Eiten, Investor Relations
(781) 444-6100 ext. 13
(877) 385-0977
or
Conolog Corporation
Robert Benou, President
(908) 722-8081
URL: businesswire.com
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KEYWORD: NEW JERSEY
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS
HARDWARE
MANUFACTURING
SOFTWARE
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