Cognitronics (AMEX:CGN)
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Cognitronics Announces Receipt of Orders for $1.2 Million
DANBURY, Conn., Nov. 12 /PRNewswire-FirstCall/ -- Cognitronics Corporation
(AMEX:CGN) announced today the receipt of purchase orders aggregating
approximately $1.2 million for an upgrade to CX 4000 Network Media Servers
currently installed at a major telecommunications service provider's facilities
to be delivered during the current quarter.
"Our customer continues to upgrade the Cognitronics CX 4000 Network Media
Server with additional revenue producing services," said Brian J. Kelley,
president and chief executive officer of Cognitronics. "Cognitronics' CX
Series products support real-time call announcing, voice mail, privacy service
and other call intercept applications.
"The market acceptance of our new platforms continues to expand. We look
forward to additional project implementations as our customers introduce new
application requirements."
Cognitronics is a leading supplier of media server solutions to the
telecommunications industry. The company's Cognitronics Exchange Network Media
Servers (CX Series) are a cost-effective and highly scalable family of carrier
class media server platforms, delivering advanced network media solutions in
VoIP networks as well as in traditional AIN and TDM circuit switched and mixed
network environments. For more information, visit the company's website at
http://www.cognitronics.com/.
Statements contained herein which are not historical facts are forward- looking
statements. The forward-looking statements in this release are made pursuant
to the safe harbor provisions of the Private Securities Litigation Reform Act
of 1995. Forward-looking statements involve a number of risks and
uncertainties including, but not limited to, the continuance of reduced capital
expenditures throughout the telecommunications market, variability of sales
volume from quarter to quarter, product demand, market acceptance, litigation,
risk of dependence on significant customers, third party suppliers and
intellectual property rights, risks in product and technology development and
other risk factors detailed in the company's Securities and Exchange Commission
filings.
DATASOURCE: Cognitronics Corporation
CONTACT: Harold F. Mayer of Cognitronics Corporation, +1-203-830-3494
Web site: http://www.cognitronics.com/