PITTSBURGH, Feb. 3 /PRNewswire-FirstCall/ -- Tollgrade Communications, Inc. , a leading supplier of service assurance test products and solutions, announced that the first release of its LightHouse(TM) distribution grid monitoring system is now generally available. Availability of the new sensor technology coincides with the power distribution industry's annual DistribuTECH Conference & Exhibition, which is being held in San Diego, Feb. 3-5, 2009.
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Tollgrade officials will be displaying its new centralized remote monitoring system to improve service delivery for power utility operations and efficiency of electric grid systems at Booth #2239 at the San Diego Convention Center.
Tollgrade's LightHouse solution is designed to provide real-time grid intelligence by using sensors that continuously monitor key circuit parameters while transmitting data over a wireless network to a central location, thus reducing time of detecting a problem on the grid, identifying its location and restoring service.
"We have recently completed development of the first LightHouse release and are pleased that it has achieved general availability," said Joseph Ferrara, President and CEO of Tollgrade. "This smart grid solution remains in active trials with multiple electric utilities, and we have a number of trials planned with customers and partners in the coming quarters," added Ferrara.
In 2008, Tollgrade was among the companies selected by the U.S. Department of Energy to be a part of a multi-year project called the "West Virginia Super Circuit," one of a number of initiatives aimed at modernizing the nation's electricity grid. Also, Tollgrade is a member of the national consortium GridWise(TM) Alliance that comprises the 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.
For more information about Tollgrade's LightHouse product line for the electric power industry, please visit http://www.tollgrade.com/lighthouse, or call 1-800-878-3399.
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. Tollgrade's customers range from the top telecom 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, as well as for power distribution companies. 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 ability to introduce next generation service assurance 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) 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 (c) 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, 2007 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/.
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