PITTSBURGH, Sept. 5 /PRNewswire-FirstCall/ -- Tollgrade Communications,
Inc. (Nasdaq: TLGD), a leading supplier of network service assurance
products for the global cable and telecom industries, announced today that
the previously disclosed pilot deployment of Tollgrade's recently acquired
test system technology has been successfully completed at Romtelecom, the
only fixed line carrier in Romania. The Line Test System Controller (LTSC)
Operation Support System (OSS) and NxTest hardware, technology included in
Tollgrade's acquisition of the Emerson Line Test System business unit in
February 2006, were deployed and accepted by Romtelecom. This acceptance
completes the initial part of a multi-phase, network-wide contract with
Romtelecom. At the completion of the contract, it is expected that
Tollgrade's LTSC and NxTest products will be deployed to test voice
services and to pre- qualify loops for DSL service for approximately 3.5
million Romtelecom customers. This project, valued at nearly $4.5 million,
is expected to be fully implemented during the next six months.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050603/CLF046LOGO)
"The Romtelecom assignment is Tollgrade's first wide-scale telephony
test system deployment in eastern Europe," said Mark B. Peterson, President
and CEO of Tollgrade. "We are pleased to be a part of Romtelecom's
increased emphasis on improving operational efficiency and introducing new
services to their own end customers," he added. This project is the third
country-wide deployment of Tollgrade products during the last 18 months.
Separately, and as expected, Telkom South Africa has expanded its
broadband footprint, and through its in-country supplier TeleSciences (Pty)
Ltd, will further deploy Tollgrade's LoopCare(TM) Test Operations Support
System (OSS) and the DigiTest(R) EDGE(R) broadband test platform. This
follow-on project represents continuing implementation of a previously
announced project that began in September 2005 to provide subscribers in
South Africa with comprehensive testing for DSL services.
"The deployment of our broadband test solutions in South Africa is
continuing as its countrywide DSL roll-out expands. Both of these projects
represent our recent successes in developing an expanded international
customer base," added Peterson.
The Company expects to make certain product shipments under these
projects by September 30, 2006. However, it is not possible to determine
the extent of revenue recognition from these projects in the third quarter
of 2006, which depends on the status of customer's installation and certain
acceptance factors. These determinations can have a significant effect on
actual third quarter 2006 results including the amount of revenue
recognition in relation to these projects.
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. Tollgrade,
headquartered near Pittsburgh in Cheswick, Pa., and its products and
customer reach span over 200 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 backlog, revenue and earnings
results for the third quarter of 2006, and its participation in the
fundamental network migration currently underway in the telecommunications
industry and its confidence in winning broadband customers. 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) our ability to close certain international opportunities,
due to numerous risks and uncertainties inherent in international markets;
(b) the uncertain economic and political climate in the United States and
throughout the rest of the world and the potential that such climate may
deteriorate; (c) our ability to efficiently integrate acquired businesses
and achieve expected synergies; (d) our dependence upon a limited number of
third party distribution channels and in-country support critical to the
international sales process and subcontractors to manufacture certain
aspects of the products we sell; (e) possible delays in deployment of
products under international contracts due to project delays, political
instability, inability to obtain proper acceptances or other unforeseen
delays; (f) the ability to manage the risks associated with and to grow our
business. 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, 2005 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.
(TM)LoopCare is a trademark of Tollgrade Communications, Inc.
(R)DigiTest and EDGE are registered trademarks of Tollgrade
Communications, Inc.
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
http://www.prnewswire.com/comp/849775.html/
CONTACT:
Bob Butter, Communications of Tollgrade
Communications, Inc., +1-412-820-1347, or cell, +1-412-736-6186,
or bbutter@tollgrade.com
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