Also, Mid-Tier Domestic Cable Operator Selects Cheetah XD(TM) for Cable
Status Monitoring and IP Service Assurance
PITTSBURGH, Dec. 28 /PRNewswire-FirstCall/ -- Tollgrade Communications,
Inc. (Nasdaq: TLGD), a leader in the communications test and management
industry, announced today that it has extended its existing software
maintenance agreement with a large domestic telecom provider, and expects
to extend another software maintenance agreement with a second large
domestic telecom provider during the first quarter of 2007.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050603/CLF046LOGO )
"Tollgrade has renewed this maintenance agreement for an unprecedented
five-year term that we believe underscores the telecom provider's
commitment to protect their investment in LoopCare(TM) network assurance
infrastructure," said Tollgrade President and CEO Mark Peterson. "This
agreement contains the longest extension period for a software maintenance
contract ever received by Tollgrade and we are quite pleased in the
confidence this customer has expressed in our relationship," he added.
In its cable network assurance product line, the Company has also been
awarded a new project with a mid-sized multiple system cable operator
following a competitive selection process for its DOCSIS(R)-based software
and hardware solutions, which will be sold directly to the end-customer.
With deployment expected to commence in the first quarter of 2007, this
project will be the first multiple system implementation of Tollgrade's
Voice-Over- Internet-Protocol (VoIP) broadband testing solution.
"We are pleased to have these agreements in place going into 2007,"
said Peterson. "Additionally, as we continue to pursue potential
opportunities as part of our customary Request for Proposal (RFP) response
process, we hope that our recently-announced international wins will be the
first in a series of potential opportunities connected to new product
trials. Although the market is highly competitive, we believe the RFP
opportunities we are pursuing to-date represent a potential of almost $70
million," he added.
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 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 revenue from potential agreements
with our 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) the ability of our software maintenance customers to
terminate their software maintenance agreements prior to expiration; (b)
the inability to make changes in business strategy, development plans and
product offerings to respond to the needs of the significantly changing
telecommunications markets and network technologies; (c) the inability to
complete or possible delays in completing agreements on the legal and
commercial terms for sale of products and services as part of these
projects; (d) the inability to close certain project opportunities due to
the highly competitive nature of our markets and numerous other risks and
unforeseen uncertainties; (e) the inability to complete or possible delays
in completing certain research and development efforts that may be
required; (f) possible delays in deployment of products and services due to
project delays, political instability, inability to obtain proper
acceptances or other unforeseen delays; (g) our dependence upon a limited
number of third party subcontractors to manufacture certain aspects of the
products we sell, including certain of those intended for each of these
projects; (h) 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. 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, Cheetah and CheetahXD are trademarks of Tollgrade
Communications, Inc.
(R) DigiTest and DigiTest EDGE are registered trademarks of Tollgrade
Communications, Inc.
(R) DOCSIS is a registered trademark of Cable Television Laboratories,
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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