Conolog Announces $300,000 DSP Orders For Illinois D.O.T. Highway Network Expansion.Business/Technology Editors SOMERVILLE, N.J.--(BUSINESS WIRE)--Feb. 7, 2000 Conolog Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CNLG, CNLGW), an engineering and design company that provides digital signal processing See DSP. Digital Signal Processing - (DSP) Computer manipulation of analog signals (commonly sound or image) which have been converted to digital form (sampled). solutions (DSP (1) (Digital Signal Processor) A special-purpose CPU used for digital signal processing applications (see definition #2 below). It provides ultra-fast instruction sequences, such as shift and add, and multiply and add, which are commonly used in math-intensive ), announced today multiple contract awards, valued at $300,000, from the Illinois Department of Transportation The Illinois Department of Transportation (IDOT) is a state agency in charge of state-maintained public roadways of the U.S. state of Illinois. In addition, the Department provides funding for rail, public transit and airport projects, and administers Motor Fuel Tax funding (D.O.T.) for the Company's INIVEN DSP products, including receivers and transmitters. The equipment will be used in traffic monitoring and control on new highway additions in the Chicago area. The sophisticated Illinois D.O.T. monitoring and traffic control system around Chicago's Loop and other major arteries utilizes imbedded lane sensors located approximately every tenth of a mile, per lane. The time it takes a vehicle to cross the sensor, keying the DSP transmitter, is directly related to the speed of the vehicle. This &uot;real time&uot; data is displayed and recorded at the Illinois D.O.T. Master Station, through matching INIVEN DSP receivers. Slowdown and stoppage stoppage - /sto'p*j/ Extreme lossage that renders something (usually something vital) completely unusable. "The recent system stoppage was caused by a fried transformer." locations are identified with precision, and Illinois D.O.T. software may automatically notify police, radio and television for immediate response and early warning to motorists. Robert Benou, Conolog's President, stated, &uot;Our DSP products have been in use for years at all Port Authority of New York and New Jersey Port Authority of New York and New Jersey, self-sustaining public corporation established in 1921 by the states of New York and New Jersey to administer the activities of the New York–New Jersey port area, which has a waterfront of c. bridges, tunnels, airports and their approaches, in various traffic and control functions. This application by the Illinois D.O.T. of our products demonstrates the versatility of our equipment. To date the Agency has over 4,000 sets in operation. &uot;Benou continued, &uot;Our 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. &uot;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 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. in this release are made pursuant to the &uot;safe harbor&uot; 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. 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. For additional updates, see www.nfnonline.com |
|
Printer friendly
Cite/link
Email
Feedback
Reader Opinion