Conolog to Deliver PDR2000 Production Units Eight Months Ahead of Schedule; Anticipates Favorable Impact On 2003 Sales.Business/Technology Editors SOMERVILLE, N.J.--(BUSINESS WIRE)--April 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 completing testing of its all-digital eight channel protection system. The Company expects to deliver its first production units in two weeks to West Coast utilities for field-testing. The Company's PDR PDR A trademark for Physicians' Desk Reference, a group of reference books containing drug listings, especially one for prescription drugs. PDR 2000 (Protective Digital Relaying) system is an eight channel unit designed to operate independently, or within existing networks, of the majority of utilities worldwide, without the need of any special interface. Conolog President, Marc Benou, stated, "The Company is gratified grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. to have completed its rigorous testing of the PDR2000 and looks forward to field tests that should confirm the versatility of the design. Marc Benou continued, "We continue to ship orders for the 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 and PTR1000 which demonstrate their reliability, dependability and performance. Presently we have products installed and operating in the Philippines and Hawaii, and plan to expand our marketing throughout the Pacific." 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 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 Company will realize any revenue from the PDR2000. 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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