Industry Group Collaborates on Improving Performance of Electric Power
Utilities
PITTSBURGH, Jan. 25 /PRNewswire-FirstCall/ -- Tollgrade Communications,
Inc. (Nasdaq: TLGD), a leader in centralized network service assurance
products, services and solutions, has joined the national consortium
GridWise(TM) Alliance. Tollgrade is among more than 40 leading U.S.
companies and organizations that are participating in the Alliance's
collective effort to transform the nation's electric power and distribution
systems.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050603/CLF046LOGO )
Tollgrade joins this important group of utilities, IT companies,
equipment vendors and technology providers as it launches a new sensor
technology as a means for improving power distribution grid management.
Called LightHouse(TM), this smart grid technology provides continuous grid
intelligence that reduces the amount of time in detecting a problem on the
grid, identifying its location and restoring service.
"Utilities face unprecedented challenges from regulators and customers
to improve reliability and quality, and to increase efficiency of their
distribution grids," said Joseph Ferrara, Tollgrade's President and CEO.
"We believe our technological expertise enables us to be an integral part
of the industry's movement to improve the nation's power infrastructure,"
added Ferrara.
"As collaboration and innovation are critical to any major industry
transformation, we are pleased to have Tollgrade as part of the Alliance,"
said Guido Bartels, chairman, GridWise Alliance. "By passing the new energy
bill, Congress has signaled a significant shift in our nation's energy
policy and having companies like Tollgrade joining the Alliance fits our
strategy of building a broad national consensus for implementing these
smart grid concepts," he went on to say. For more information about the
GridWise Alliance, visit http://www.gridwise.org.
About Tollgrade
Tollgrade Communications, Inc. is a leading provider of network service
assurance products and services for centralized test systems around the
world. Tollgrade designs, engineers, markets and supports centralized test
systems, test access and status monitoring products, and next generation
network assurance technologies for the broadband marketplace. Tollgrade's
customers range from the top RBOCs (Regional Bell Operating Companies) and
Cable providers, to numerous independent telecom, cable and broadband
providers around the world. Tollgrade's network testing, measurement and
monitoring solutions support the infrastructure of cable and telecom
companies offering current and emerging triple play services, as well as
for new markets requiring centralized testing and monitoring. Tollgrade,
headquartered near Pittsburgh in Cheswick, Pa., and its products and
customer reach span over 300 million embedded access lines, more than any
other test and measurement supplier. For more information, visit
Tollgrade's web site at http://www.tollgrade.com.
Forward-Looking Statements
The foregoing release contains "forward-looking statements" regarding
future events or results within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended, including statements concerning the
Company's current expectations regarding the expected availability date for
new products, and the Company's ability to introduce next generation
network technologies into new customer markets and to execute its
strategies.
The Company cautions readers that such "forward-looking statements"
are, in fact, predictions that are subject to risks and uncertainties and
that actual events or results may differ materially from those anticipated
events or results expressed or implied by such forward-looking statements.
The Company disclaims any current intention to update its "forward-looking
statements," and the estimates and assumptions within them, at any time or
for any reason. In particular, the following factors, among others could
cause actual results to differ materially from those described in the
"forward- looking statements:" (a) the inability to gain market acceptance
of our new products within a new and untested customer base; (b) the
inability to complete or possible delays in completing certain research and
development efforts that may be required for product release and general
availability; (c) our dependence upon a limited number of third party
subcontractors to manufacture certain aspects of the products or third
party software providers for the products we sell, including the products
which are the subject of this release; and (d) the inability to make
changes in business strategy, development plans and product offerings to
respond to the needs of the significantly changing markets and network
technologies and enter a new market and introduce new products into that
market.
Other factors that could cause actual events or results to differ
materially from those contained in the "forward-looking statements" are
included in the Company's filings with the U.S. Securities and Exchange
Commission (the "SEC") including, but not limited to, the Company's Form
10-K for the year ended December 31, 2006 and any subsequently filed
reports. All documents are also available through the SEC's Electronic Data
Gathering Analysis and Retrieval system at http://www.sec.gov or from the
Company's website at http://www.tollgrade.com.
SOURCE Tollgrade Communications, Inc.
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Related links:
http://www.tollgrade.com
Photo Notes:
NewsCom: http://www.newscom.com/cgi-bin/prnh/20050603/CLF046LOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com
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CONTACT:
Bob Butter, Corporate Communications of
Tollgrade Communications, Inc., Office, +1-412-820-1347, Cell,
+1-412-736-6186, bbutter@tollgrade.com
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