CNLG news (very low float) ... Conolog Receives Initial Order for PDR2000 Systems from Major West Coast Utility
PR Newswire - Monday, August 30, 2004
SOMERVILLE, N.J., Aug 30, 2004 /PRNewswire-FirstCall via Comtex/ -- Conolog Corporation (Nasdaq: CNLG), an engineering and design company that provides digital signal processing solutions to global electric utilities, announced today that it has received an initial order for immediate delivery for ten PDR2000 systems from a major West Coast utility valued at approximately $6,500 per unit. These units are to be installed on-line by the power companies and provide system compatibility in the field with real-time data and functionality.
Chairman of Conolog Robert Benou stated, "We are gratified by these orders for our PDR2000 and look forward to the successful completion of system integration by the utility which will pave the way for system-wide applications."
Benou concluded, "The versatility of these systems demonstrate their global application and installation, and reflect our commitment to low maintenance and long term reliability."
Fins Up! ~~~/\~~~
...Amuck