Cognitronics (AMEX:CGN)
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Cognitronics Announces Significant Orders
DANBURY, Conn., June 15 /PRNewswire-FirstCall/ -- Cognitronics Corporation
(AMEX:CGN) announced today the receipt of purchase orders aggregating
approximately $1.2 million from a major telecommunications service provider for
its CX 4000 Network Media Servers to be delivered during the current quarter.
The CX 4000s will be used by the customer to provide revenue generating,
advanced intelligent network applications.
"These orders are a follow-on procurement by this customer of CX 4000 Network
Media Servers to provide advanced network applications for installation in
additional locations within its network," said Brian J. Kelley, president and
chief executive officer of Cognitronics. "This award demonstrates the
customer's continuing confidence in the Cognitronics family of network media
servers which are responsive to industry needs and capable of providing
multi-functional applications."
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 and ATM packet 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 for Cognitronics Corporation, +1-203-830-3494
Web site: http://www.cognitronics.com/