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Microcap & Penny Stocks : Conolog Cp -- Ignore unavailable to you. Want to Upgrade?

To: daytrader1964 who wrote (28)	2/9/2000 11:02:00 AM
From: interesting man	Read Replies (1) \| Respond to of 428

(COMTEX) B: (CNLGW) Conolog Introduces Fiber Optic PTR 1500 Quad Syst B: (CNLGW) Conolog Introduces Fiber Optic PTR 1500 Quad System for U.S. and Canadian Electric Utilities SOMERVILLE, N.J., Feb 9, 2000 (BUSINESS WIRE) -- Conolog Corporation (NASDAQ:CNLG, CNLGW), an engineering and design company providing digital signal processing solutions (DSP), today announced the introduction of a fiber optic protection relaying terminal (PTR) system for high voltage transmission lines. The Company estimates revenues from new and replacement units to reach $3.0 million in fiscal 2001. Each PTR incorporates programmable software, which provides each unit the ability to communicate, end-to-end, with other existing systems. Conolog's President, Robert Benou, stated, "Because the PTR 1500 is compatible with equipment manufactured by other companies, our product gives utilities the flexibility of a low cost single unit replacement while upgrading older units. The utilities now have a choice and are no longer obligated to replace all protection systems on a line if one unit became inoperable. This is a considerable cost savings when one includes the re-wiring, down-time, and start-up." The Company has received orders for over $300,000 for the PTR 1500 for delivery in fiscal 2000. Purchasers include MidAmerican Energy (NYSE: MEC), Boston Edison Company, Portland General Electric, a wholly-owned subsidiary of Enron Corp., Bonneville Power Authority and Ontario Hydro. Benou continued, "Our continued goal is to accelerate the Company's fiscal year 2000 turn-around, and increase the revenues projected in our press release of January 31, 2000." 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 (DSP), 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, changes in the rates of subscriber acquisition and retention, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission. Copyright (C) 2000 Business Wire. All rights reserved. Distributed via COMTEX. -0- CONTACT: National Financial Network Robert Weiss, 781/444-6100 ext. 11 or Conolog Corporation Robert Benou, 908/722-8081 WEB PAGE: businesswire.com GEOGRAPHY: NEW JERSEY INDUSTRY CODE: TELECOMMUNICATIONS MANUFACTURING Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. * end of story *