Conolog Announces Shipments of $391,000 and New Purchase Orders of $135,000 in the Months of February and March
SOMERVILLE, N.J.--(BUSINESS WIRE)-- Conolog Corporation (OTCQB: CNLG), an engineering and design company that provides digital signal processing solutions to electric utilities, announced today receiving new purchase orders for the months of February and March of $135,000 and shipped $391,000 for the same months. The Company expects to finish shipping the new orders by the beginning of May. The Company anticipates new order generation for April to be approximately half of the combined February and March amount.
About Conolog Corporation
Conolog Corporation is a provider of digital signal processing and digital security solutions to electric utilities. The Company designs and manufactures electromagnetic products for the military and provides engineering and design services to a variety of industries, government organizations and public utilities. The Company’s INIVEN division manufactures a line of digital signal processing systems, including transmitters, receivers and multiplexers.
Forward-looking statements in this release are made pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act 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, cancellation of orders, and other risks detailed from time to time in the Company’s periodic reports filed with the Securities and Exchange Commission.
CONTACT:
Conolog Corporation
Marc Benou, President, 908-722-8081
KEYWORDS: United States North America New Jersey
INDUSTRY KEYWORDS: Energy Utilities Technology Telecommunications Manufacturing Engineering
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