Cognitronics Announces Orders Aggregating $3.3 Million
07 Dezembro 2004 - 5:45PM
PR Newswire (US)
Cognitronics Announces Orders Aggregating $3.3 Million DANBURY,
Conn., Dec. 7 /PRNewswire-FirstCall/ -- Cognitronics Corporation
(AMEX:CGN) announced today the receipt of purchase orders
aggregating approximately $3.3 million from a major
telecommunications service provider for its CX4000 Network Media
Servers, of which $2.8 million will be delivered during the current
quarter and the remainder will be realized over the year 2005. The
CX4000s will be used by the customer to provide a new revenue
generating, Advanced Intelligent Network application. These orders
are in addition to the previously announced orders aggregating $1.2
million for CX4000s delivered in the current quarter. "The
continued deployment of the CX4000s within this customer's Advanced
Intelligent Network is a significant event for Cognitronics," said
Brian J. Kelley, president and chief executive officer of
Cognitronics. "The CX4000 Media Server can simultaneously function
within existing legacy AIN/TDM and next generation Voice Over
Internet Protocol network environments, allowing the customer to
easily migrate from the legacy to new network environments with no
need to change its CX Media Server infrastructure. "The customer's
decision to deploy Cognitronics' CX4000 Media Server with a new
revenue generating service represents the culmination of many
months of our engineering effort." 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/
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