Cognitronics Corporation Signs Agreement with Lucent Technologies

Strategic Insights -

Cognitronics Corporation, a leading manufacturer of voice information systems, has announced an agreement with Lucent Technologies, a major player in the telecommunications industry. As per the agreement, Lucent Technologies will purchase and resell Cognitronics' entire McIAS 6xx product line, expanding its capabilities in voice announcement, number change intercept, and other specialized voice information services. This partnership is expected to boost Cognitronics' growth potential and move it closer to its goal of becoming a worldwide premier supplier of voice information solutions.

Key Takeaways:

  • Cognitronics Corporation has signed an agreement with Lucent Technologies, a leading telecommunications company, to purchase and resell its McIAS 6xx product line.
  • Lucent Technologies will install the McIAS 16xx systems on its 5ESS Switch, providing voice announcement, number change intercept, and other specialized voice information services to customers.
  • The partnership includes telephone operating companies, competitive access providers, and wireless carriers as target markets for the McIAS 16xx systems.
  • Cognitronics has already started receiving orders under this agreement for shipment of McIAS 16xx systems in the first quarter.
  • The agreement marks a significant step forward in Cognitronics' growth potential and its long-term goal of becoming a worldwide premier supplier of voice information solutions.
  • Brian J. Kelley, president and CEO of Cognitronics, stated that adding Lucent Technologies to its OEM customer base is a significant step in the company's growth potential.
  • The partnership involves the installation of McIAS 16xx systems on Lucent Technologies' 5ESS Switch, including its installed base and new installations.

Statistics:

  • Cognitronics has already started receiving orders under this agreement for shipment of McIAS 16xx systems in the first quarter.
  • The agreement covers the entire McIAS TM 6xx product line.
  • Lucent Technologies has a wide range of public and private networks, communications systems, and software, data networking systems, and microelectronic components.
  • The McIAS 16xx systems can be installed on Lucent Technologies' 5ESS Switch to provide voice announcement, number change intercept, and other specialized voice information services.
  • Cognitronics is a leading manufacturer and supplier of voice information systems, including telephone network and call management products.

Sources:

  • Cognitronics Corporation press release, April 6 (PRNewswire)
  • Lucent Technologies Inc. (NYSE: LU)
  • Securities and Exchange Commission filings (mentioned in the press release)