Conolog Contract for Military Radio Switch Extended by One Year; Value Estimated At Up to $700,000.Business/Technology Editors SOMERVILLE, N.J.--(BUSINESS WIRE)--March 22, 2002 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) today reported that the Company has received a one year extension of its government contract for its radio frequency coaxial co·ax·i·al adj. Having or mounted on a common axis. coaxial Adjective 1. Electronics (of a cable) transmitting by means of two concentric conductors separated by an insulator switch used in military radios. The extension of this contract provides the government the right to purchase up to an additional 10,000 switches by March 31, 2003. This order is valued at up to $700,000 in full. Conolog President Marc Benou, stated "The Company has a proven record with the military for this coaxial radio switch, having delivered over 130,000 in its history. The extension of this contract is yet another testament to the products' dependability dependability - software reliability ." About Conolog Corporation Conolog Corporation provides engineering and design services, technical personnel placement, and computer maintenance services to a variety of industries, government organizations, and public utilities nationwide. The Company's INIVEN division manufactures a line of 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). systems, including transmitters, receivers and multiplexers. Contact: Conolog Corporation: Marc Benou, President, 908/722-8081, or visit www.conolog.com. Investor Relations Investor relations The process by which the corporation communicates with its investors. : National Financial Network, Geoffrey Eiten, 781/444-6100 or 877/385-0977, ext. 613 or email geiten@nfnonline.com, or visit www.nfnonline.com/cnlg. Certain statements in this press release constitute 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. within the meaning 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, as amended. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. There is no assurance that the government will purchase additional coaxial switches. Additional information concerning factors that could cause actual results to differ materially from those in the forward looking statements is contained under the heading of risk factors listed from time to time in the Company's filings with the U.S. Securities and Exchange Commission. We do not assume any obligation to update the forward-looking information. |
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