Conolog Receives Additional Orders of Approximately $600,000
SOMERVILLE, N.J., Oct. 14 /PRNewswire-FirstCall/ -- Conolog Corporation
(Nasdaq: CNLG) announced today that it has received additional orders totaling
approximately $600,000 from the United States military for electromagnetic
products and from electric utilities for protection systems for new and
substation replacement equipment. The Company anticipates that the military
orders will be shipped over the course of the next nine months and that the
electric utilities orders will be shipped over the next six months.
Conolog Chairman Robert Benou stated, "Our goal is to balance our
production without delaying deliveries to our existing customers. We are
pleased with these new orders, which we believe are attributable to the ease
of installation of our products and our commitment to low maintenance and
long-term reliability."
About Conolog Corporation
Conolog Corporation is a provider of digital signal processing and digital
security solutions to electric utilities. The Company designs and
manufactures electromagnetic products to the military and provides engineering
and design services to a variety of industries, government organizations and
public utilities nationwide. The Company's INIVEN division manufactures a
line of digital signal processing systems, including transmitters, receivers
and multiplexers.
Contact:
Conolog Corporation: Robert Benou, Chairman, 908/722-8081;
National Financial Network, Geoffrey Eiten, Investor Relations; 781/444-
6100, ext. 613 or email geiten@nfnonline.com, or visit
nfnonline.com.
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. There can
be no assurance that the military or utilities will purchase additional
products or that delivery will be made within the time periods anticipated.
SOURCE Conolog Corporation
Web Site: conolog.com
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