Conolog Ships First Modified PTR1500 Production Module to Bonneville Power Administration; Value of Potential Contract Could Reach $4 Million.Business/Technology Editors SOMERVILLE, N.J.--(BUSINESS WIRE)--June 30, 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 that it has shipped its first production module of an active hi-voltage switching and line-signal interconnect to its 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) 1500 DSP systems to the Bonneville Power Administration The Bonneville Power Administration (BPA) is a U.S. self-financed federal agency which transmits and sells wholesale electricity in Washington, Oregon, Idaho, and western Montana. The BPA is part of the U.S. Department of Energy, and is headquartered in Portland, Oregon. (BPA BPA British Paediatric Association. ). The BPA is a long-standing client of Conolog Corporation, in receipt of over $2 million worth of inventory from the Company's INIVEN brand PTR product line. The production module was specifically designed by Conolog to meet the needs of the BPA and other electric utilities for uninterrupted power even during repairs or modifications of systems. It provides a front panel 3-5 kv manual switch that permits electric utility customers to disable all PR1500 inputs and outputs under full operating load conditions, and a front panel jack-set that allows the insertion of external frequencies while at the same time disconnecting the input line(s) to the system. Robert Benou, Conolog's president, commented, "Conolog Corporation values its relationship with Bonneville Power Administration, and we look forward to continuing to fulfill their specific product requirements. This production module could form the basis for yet another contract with BPA, that could potentially add $4 million in revenues to Conolog's bottom line over the next 24 to 36 months." 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, 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 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, 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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