Conolog receives $1.1 million orderShares of Conolog Corp. (Nasdaq: CNLG) got a jolt this morning after the provider of digital signal processing to electric utilities reported today that it has received an order for PDR-2000 systems and accessories with an estimated value of about $1.1 million. Shares of Conolog (CNLG) jumped $0.16, or 10.39%, to $1.70 in pre-market trading.
Conolog Corp. soars on report of new ordersDigital processing systems maker Conolog Corp. (Nasdaq: CNLG) reported it has received 20 new orders for its PTR-1500 systems. The systems are used for protecting high-voltage, fiber optic transmission lines. "With this order, we will have delivered $1.2 million in protection equipment in various configurations to this utility," CEO Robert Benou said in a statement. "Our PTR systems are designed to be field friendly for ease of installation and updates as they become available." spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer
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