Colonial Commercial Corp. Subsidiary Announces Agreement With Tridium, Inc. to Provide Internet Access for Automation of Climate Control Systems.Business Editors LEVITTOWN, N.Y.--(BUSINESS WIRE)--April 13, 2000 Ability to Monitor and Manage Control Systems Remotely Should Improve Building Management Productivity Colonial Commercial Corp. (Nasdaq: "CCOM CCOM Cheshil.com CCOM Conference Council on Ministries (United Methodist Church) CCOM Chicago College of Osteopathic Medicine CCOM Conseil Canadien des Organismes de Motoneige CCOM Call Center Operations Management CCOM Center of Coastal Ocean Mapping ", "CCOMP"), which through its subsidiaries distributes climate control products and systems and door hardware to contractors and architectural firms and manufactures hollow metal doors, today announced that its Universal Supply Group, Inc. subsidiary has entered into a licensing agreement with Tridium, Inc. to become a Tridium Systems Integrator for the New York Metropolitan area New York–Northern New Jersey–Long Island is the most populous metropolitan area in the United States and the third most populous in the world, after Tokyo and Mexico City. . Tridium is a leading provider of Internet-based control systems, which allow companies to access, automate, and control smart devices over the Internet using standard web browsers The following is a list of web browsers. Historical Historically important browsers In order of release:
"We are pleased to become a Tridium Systems Integrator," stated William Pagano, President of Universal Supply Group, Inc. "This relationship will allow our customers to monitor and manage the climate control systems in all of their buildings from a single location, or from multiple locations, using standard web browsers and Internet access See how to access the Internet. ." Niagara Framework(TM) is a fully Internet-enabled distributed architecture for real-time access, automation and control of embedded devices and the first commercially available Java-based distributed control system A distributed control system (DCS) refers to a control system usually of a manufacturing system, process or any kind of dynamic system, in which the controller elements are not central in location (like the brain) but are distributed throughout the system with each component in the world. "As a Tridium Systems Integrator, Universal can provide building owners and property management companies with access to new, open systems and the power of the Internet, while protecting their investments in legacy climate control infrastructure," noted Bernard Korn, Chief Executive Officer of Colonial Commercial Corp. "This should significantly improve the productivity of managing schools, office buildings, manufacturing plants and other corporate facilities. The Tridium relationship should enhance Universal's revenue potential, and it highlights Colonial's commitment to technological leadership in the climate control marketplace." About Tridium, Inc. Tridium, Inc. is a privately held infrastructure and services company, which is headquartered in Richmond, Virginia Richmond IPA: [ɹɯʒmɐnɖ] is the capital of the Commonwealth of Virginia, in the United States. . The company provides software, equipment and services that allow companies to access, automate, and control smart devices over the Internet using standard web browsers. Tridium offers a revolutionary suite of Java-based software products powered by their patent-pending Niagara Framework(TM) technology. The Niagara Framework(Tm) integrates legacy and open protocols such as BACnet(TM), LonWorks(R) and Modbus with Internet and enterprise connectivity standards into a common automation and engineering infrastructure. Additional information on Tridium and its Niagara Framework(Tm) technology is available at www.tridium.com. About Colonial Commercial Corp. Colonial Commercial Corp, through its ownership of Atlantic Hardware and Supply Corporation and Universal Supply Group, distributes a broad line of contract and architectural door hardware, doors and frames, and climate control products and systems to customers located in the Eastern United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Through its ownership of Well-Bilt Steel Products, Inc., Colonial manufactures hollow metal doors for commercial and detention applications. Colonial's products are installed in commercial, residential, and institutional structures, including office buildings, hospitals, prisons, schools, government facilities, homes and high-rise apartment buildings. The Company is headquartered in Levittown, New York Levittown, a suburb of New York City, is a hamlet and unincorporated political subdivision of New York State located on Long Island in Nassau County, New York. As of the 2000 census, the community had a total population of 53,067. . Its common stock is traded on Nasdaq under the symbol "CCOM", while its convertible preferred shares Preferred shares Preferred shares give investors a fixed dividend from the company's earnings and entitle them to be paid before common shareholders. See: Preferred stock. trade on Nasdaq under the symbol "CCOMP" (Note: Each share of the Company's convertible preferred stock Convertible Preferred Stock Preferred stock that includes an option for the holder to convert the preferred shares into a fixed number of common shares, usually anytime after a predetermined date. Also known as "convertible preferred shares". is convertible into one share of the Company's common stock. Preferred stockholders will be entitled to a dividend, based upon a formula, when and if any dividends are declared on the Company's common stock). This press release includes statements that may constitute "forward-looking" statements, usually containing the words "believe", "estimate", "project", "expect" or similar expressions. These statements are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, continued acceptance of the Company's products in the marketplace, competitive factors, dependence upon third-party vendors, and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release. |
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