Conolog Starts Deliveries of PTR1500 to Canadian and U.S. Utilities Five Months Ahead of Schedule; Additional $1.0 Million in Revenues.Business/Technology Editors SOMERVILLE, N.J.--(BUSINESS WIRE)--March 26, 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 start of deliveries of 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) systems and accessories to 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. and Canadian utilities Canadian Utilities Limited TSX: CU.NV is a member of the ATCO Group of companies. It is a Calgary, Alberta company operating businesses in power generation, utilities, logistics and energy services and technologies. It has than 5,000 employees. five months ahead of schedule. The Company is able to meet the strong demand for the PTR1500 earlier than scheduled due to its ability to advance production schedules accordingly. The Company anticipates additional revenue, for the calendar year ended December 31, 2002, as a result of these deliveries. Conolog President Marc Benou, stated " The Company is well-positioned and will continue to respond to the rebound in the economy, including adjusting production schedules for the PDR PDR A trademark for Physicians' Desk Reference, a group of reference books containing drug listings, especially one for prescription drugs. PDR 2000 as necessary, during the balance of this fiscal year." 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. Certain statements in this press release constitute forward-looking statements 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 Company will realize additional revenue by December 31, 2002 from the deliveries of the PTR1500. 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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