Conolog Introduces Fiber Optic PTR 1500 Quad System for U.S. and Canadian Electric Utilities.Business/Technology Editors SOMERVILLE, N.J.--(BUSINESS WIRE)--Feb. 9, 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 providing 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 ), today announced the introduction of a fiber optic protection relaying terminal (PTR PTR Pointer (as used in DNS records; an address points to a name) PTR Partner PTR Painter PTR Proton Transfer Reaction PTR Pupil/Teacher Ratio PTR Public Test Realm (gaming, World of Warcraft) ) 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, &uot;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.&uot; The Company has received orders for over $300,000 for the PTR 1500 for delivery in fiscal 2000. Purchasers include MidAmerican Energy (NYSE NYSE See: New York Stock Exchange : MEC), Boston Edison Company, Portland General Electric This article is not to be confused with PG&E, a San Francisco, California-based utility company Portland General Electric (PGE) (NYSE: POR) is an electrical utility, formerly owned by the Houston-based Enron Corporation (but now independent), that distributes electricity to , a wholly-owned subsidiary of Enron Corp., Bonneville Power Authority and Ontario Hydro. Benou continued, &uot;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.&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 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. |
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