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Recent Company News
Tollgrade Fourth Quarter 2009 Results Conference Call
Scheduled for February 25, 2010 at 9:00 A.M. ET
PITTSBURGH, January 27, 2010 – Tollgrade Communications, Inc. (NASDAQ: TLGD) today announced that it will host a conference call to discuss earnings results for the fourth quarter of 2009 on Thursday, February 25, 2010 at 9:00 AM Eastern Time. The telephone number for U.S. participants is 1-888-338-8373 (international: +1-973-872-3000). Please reference Tollgrade's Fourth Quarter 2009 Results Conference Call.
The conference call will also be broadcast live over the Internet. To listen to this conference call via the Internet, follow this link http://investor.shareholder.com/media/eventdetail.cfm?eventid=77331&CompanyID=ABEA-47WRI6&e=1&mediaKey=10410B18E8AB43B02A669A09DF3C202F or simply go to the www.tollgrade.com home page and select the Join the Webcast link.
Tollgrade Enters OEM Agreement with Mariner to Deliver Proactive IPTV Service Assurance Solutions
PITTSBURGH, January 21, 2010 -- Tollgrade Communications, Inc. (NASDAQ: TLGD), a leading supplier of network service assurance products and solutions, today announced its OEM agreement with Mariner Partners Inc., a leading provider of IP video solutions, for a customized Tollgrade version of the IPTV service assurance solution, xVu TV Care. With this agreement, Tollgrade gains the ability to deliver to its customers a critical test solution for ensuring a positive quality of experience (QoE) for IPTV subscribers globally.
Tollgrade will integrate the customized xVu engine into Stratum™, its new service assurance platform announced in September 2009.
Tollgrade Names Michael D. Bornak Chief Financial Officer and Treasurer
PITTSBURGH, November 30, 2009 -- Tollgrade Communications, Inc. (NASDAQ: TLGD), a leading supplier of network service assurance products and solutions, today announced that its Board of Directors approved the appointment of Michael D. Bornak as the Company’s chief financial officer and treasurer. Bornak, a senior finance executive with more than 20 years of experience in public and private companies, has been serving as Tollgrade’s interim CFO since September of this year. His appointment is effective immediately.
Tollgrade Reports Third Quarter 2009 Results - Steps Taken to Improve Outlook for Profitability and Growth
PITTSBURGH, PA October 28, 2009 -- Tollgrade Communications, Inc. (NASDAQ: TLGD), a leading supplier of network service assurance test products and solutions, today reported revenue of $11.3 million and a GAAP loss per share from continuing operations of ($0.56) per share for the third quarter ended September 26, 2009. Third quarter 2009 revenue was within the Company’s earlier guidance range of $10.0 million to $12.0 million. In comparison, revenue and GAAP earnings per share from continuing operations for the third quarter ended September 27, 2008 were $12.9 million and $0.06 per share, respectively.
Tollgrade Announces New Next Generation Service Assurance Solutions for Fixed and Mobile Operators at SUPERCOMM Tradeshow in Chicago, October 21-23
Booth #2623 to Feature Wireless and Wireline Solution via New Agreement
PITTSBURGH, October 20, 2009 -- Tollgrade Communications, Inc. (Nasdaq: TLGD) will demonstrate its newest service assurance offerings this week at the SUPERCOMM 2009 telecom trade event in Chicago at Booth #2623. These new offerings are a result of an OEM agreement with the Finland-based Accanto Systems, a leading supplier of advanced Customer Service Assurance and troubleshooting solutions to communications service providers.
Tollgrade Third Quarter 2009 Results Conference Call Scheduled for Thursday, October 29, 2009 at 9:00 A.M. ET
PITTSBURGH, October 14, 2009 – Tollgrade Communications, Inc. (NASDAQ: TLGD) today announced that it will host a conference call to discuss earnings results for the third quarter of 2009 on Thursday, October 29, 2009 at 9:00 AM Eastern Time. The telephone number for U.S. participants is 1-800-860-2442 (international: +1-412-858-4600). Please reference Tollgrade's Third Quarter 2009 Earnings Results Call. The conference call will also be broadcast live over the Internet. To listen to this conference call via the Internet, simply log on to the following URL address: http://www.videonewswire.com/event.asp?id=63017
Tollgrade Features Next Generation Service Assurance Solutions at Broadband World Forum in Paris September 7-9
PITTSBURGH, September 4, 2009 -- Tollgrade Communications, Inc. (Nasdaq: TLGD) will demonstrate its latest service assurance platform called Stratum™, as well as extensions to the LDU™ family of test nodes which provide loop testing and pre-qualification for broadband services, at the ninth annual Broadband World Forum in Paris. Tollgrade officials will be on hand to demonstrate these latest software and hardware capabilities to European customers at this telecom technology exhibition at Booth #575.
Zarlink and Tollgrade Deliver Innovative Test Solution for Next Generation Communications Networks
• Integrated solution allows telecom carriers to remotely monitor access lines to improve service reliability and reduce operating costs
• To be demonstrated at Broadband World Forum (Zarlink booth#165 and Tollgrade booth#575)
OTTAWA, CANADA and PITTSBURGH, PA, September 3, 2009 – Zarlink Semiconductor Inc. (TSX:ZL), a market leader in access infrastructure and residential gateway voice solutions, and Tollgrade Communications, Inc. (NASDAQ: TLGD), a leading supplier of network service assurance solutions for the telecom industry, today announced the successful interoperability of a collaborative line test solution designed to help telecom carriers improve triple play service reliability while reducing operating costs. This new solution follows a previous collaboration that linked Zarlink’s SLIC-based line test LineCare™ software solution with the Tollgrade service assurance platform.
Tollgrade Introduces Stratum™Service Assurance Platform for Testing Triple Play Services for Telecom Operators
PITTSBURGH, August 27, 2009 -- Tollgrade Communications, Inc. (NASDAQ: TLGD) today announced the launch of its new service assurance platform solution, called Stratum™. After nearly a year in development, Stratum is being introduced to telecom providers to help integrate new IP-based network testing initiatives with existing platforms, thus providing integrated test analysis across a variety of access technologies. The Stratum service assurance platform is being designed to support end-to-end diagnostics for triple play services with the goal of providing telecom operators with a higher degree of reliable service delivery in a very competitive consumer market.
Tollgrade Announces Preliminary Results of Annual Meeting of Shareholders
PITTSBURGH, Aug. 5 /PRNewswire-FirstCall/ -- Tollgrade Communications, Inc. (Nasdaq: TLGD) today
announced the preliminary results for its 2009 Annual Meeting of Shareholders held earlier today. Based on
preliminary information provided by the company's proxy solicitor, The Altman Group, shareholders appear to
have voted to re-elect incumbent directors Joseph A. Ferrara and Charles E. Hoffman and to elect Jeffrey M.
Solomon, Edward B. Meyercord, III and Scott C. Chandler. Messrs. Solomon, Meyercord and Chandler were
nominated by Tollgrade’s largest shareholder, Ramius LLC. The one-year terms of office of the new directors will
commence upon final certification of the results of the shareholder vote by the independent inspector of elections.
Tollgrade Communications, Inc. to Webcast Annual Meeting of Shareholders
PITTSBURGH, August 4, 2009 – Tollgrade Communications, Inc. (Nasdaq: TLGD) announced today that its Annual Meeting of Shareholders will be held at the Syria Shrine Center, 1877 Shriners Way, Cheswick, PA 15024. The meeting will take place on Wednesday, August 5, 2009 at 3:00 p.m. (ET).
The Annual Meeting will be an audio webcast live over the internet and may be accessed via the Company’s website (www.tollgrade.com) by visiting the home page and selecting the following live link: http://www.videonewswire.com/event.asp?id=60943.
TOLLGRADE REPORTS SECOND QUARTER 2009 RESULTS
Substantial Progress Achieved in Implementing Refocused Growth Strategy and Transforming the Company
PITTSBURGH, PA, July 29, 2009 -- Tollgrade Communications, Inc. (NASDAQ: TLGD), a leading supplier of network service assurance test products and solutions, today reported revenue of $12.0 million for the second quarter ended June 27, 2009, which includes $1.4 million in revenue that is reported in discontinued operations as a result of the sale of the cable product line on May 27, 2009. Total consolidated revenue for the quarter was within the Company’s earlier guidance range of $11 million to $14 million.
Tollgrade Second Quarter 2009 Results Conference Call Scheduled for Thursday, July 30, 2009 at 9:00 A.M. ET
PITTSBURGH, July 16, 2009 – Tollgrade Communications, Inc. (NASDAQ: TLGD) today announced that it will host a conference call to discuss earnings results for the second quarter of 2009 on Thursday, July 30, 2009 at 9:00 AM Eastern Time. The telephone number for U.S. participants is 1-800-860-2442 (international: +1-412-858-4600).
Tollgrade Appoints Telecom Industry Veteran Charles E. Hoffman to its Board of Directors -
Appointment Further Enhances Board’s Telecom Industry Expertise
PITTSBURGH, July 7, 2009 -- Tollgrade Communications, Inc. (Nasdaq: TLGD), a leading provider of network service assurance to the telecommunications industry, today announced that telecom and broadband industry executive Charles E. Hoffman has been appointed by the Tollgrade Board as its newest independent director. His appointment is effective immediately. He was appointed to the class of directors whose term expires at the 2009 Annual Meeting, and will stand for re-election at the 2009 Annual Meeting as a substitute nominee for longtime director and former Chairman of the Board Daniel P. Barry, who has decided to retire from the Tollgrade Board at the end of his current term and not to stand for re-election.
Tollgrade Announces Corporate Governance Enhancements to Build on Solid Foundation of Already Strong Corporate Governance Practices - Adopts Stricter Standard for Director Independence
PITTSBURGH, July 1, 2009 -- Tollgrade Communications, Inc. (Nasdaq: TLGD) today announced that its Board of Directors has adopted a series of amendments to its corporate governance guidelines designed to further enhance Tollgrade’s already strong corporate governance practices. These amendments are intended to: (i) adopt an even stricter standard of director independence than the standard that currently applies to Tollgrade under the rules of the Nasdaq Stock Market; (ii) require that at least two-thirds of the membership of the Tollgrade Board of Directors be comprised of independent directors that meet this new stricter standard; and (iii) require that the Tollgrade Board’s Audit, Compensation and Nominating and Governance Committees be comprised exclusively of independent directors that meet this new stricter standard.
Tollgrade Renews Three Multi-Year Software Services Agreements
With Major Telecom Operators Representing $21 Million in Total Revenue
PITTSBURGH, June 29, 2009 -- Tollgrade Communications, Inc. (NASDAQ: TLGD), a leading provider of network service assurance to the telecommunications industry, today announced that it has renewed three multi-year software services agreements with existing Tier 1 telecom operators in the United States and Europe.
Tollgrade Appoints Telecom Industry Veteran Edward H. Kennedy to its Board of Directors -
Appointment Enhances Board’s Independence and Industry Expertise
PITTSBURGH, June 24, 2009 -- Tollgrade Communications, Inc. (NASDAQ: TLGD), a leading provider of network service assurance to the telecommunications industry, today announced that veteran telecom executive Edward H. Kennedy has been appointed by the Tollgrade Board as its newest independent director. The addition of Mr. Kennedy, approved unanimously by the Company’s Board of Directors, expands the Tollgrade Board to eight members, with seven independent directors. His appointment is effective immediately for a term expiring at the 2010 Annual Meeting of Shareholders.
Private Equity Group Completes Purchase of
Cable Product Line from Tollgrade
PITTSBURGH, May 28, 2009 -- Tollgrade Communications, Inc. (Nasdaq: TLGD), a leading provider of network service assurance to the telecommunications and cable industry, today announced that the private equity group of investors, operating under the name Cheetah Technologies, L.P., has completed the previously announced purchase from Tollgrade of substantially all of the assets of its cable status monitoring product line for $3.15 million, with $2.75 million to be paid in cash and $0.4 million in a seller-held note payable over two years. This purchase price is subject to adjustment based on the final working capital which will be calculated post-closing.
Tollgrade Changes Board Leadership Structure and Plans to Enhance Board's Industry Expertise
PITTSBURGH, May 13, 2009 -- Tollgrade Communications, Inc. (NASDAQ: TLGD), a leading provider of network service assurance to the telecommunications industry, today announced that its Board of Directors has unanimously approved a change in the leadership structure of the Tollgrade Board and plans to enhance its industry expertise through the addition of individuals with deep and broad operating backgrounds in the telecom industry.
Private Equity Investor Group Purchases Cable Product Line from Tollgrade
PITTSBURGH, May 4, 2009 -- Tollgrade Communications, Inc. (Nasdaq: TLGD), a leading provider of network service assurance to the telecommunications and cable industry, today announced that a private equity group of investors has signed an agreement with Tollgrade to acquire substantially all of the assets of its cable status monitoring product line for $3.15 million, with $2.75 million to be paid in cash at closing and $0.4 million in a seller-held note payable over two years.
Tollgrade Reports First Quarter 2009 Results
PITTSBURGH, April 29, 2009 -- Tollgrade Communications, Inc. (NASDAQ: TLGD), a leading supplier of network service assurance test products and solutions, today reported revenue of $12.0 million and a GAAP loss per share of ($0.08) for the first quarter ended March 28, 2009. Revenue for the quarter was within the Company’s earlier guidance range of $11 million to $14 million. The loss per share for the quarter included the effects of non-cash charges for stock-based compensation and severance expenses, which amounted to ($0.04) per share. Excluding these charges, the loss per share for the first quarter on a non-GAAP basis was ($0.04).
Tollgrade Schedules First Quarter 2009 Results Conference Call Scheduled for Thursday, April 30, 2009 at 9:00 AM ET
PITTSBURGH, April 16, 2009 – Tollgrade Communications, Inc. (NASDAQ: TLGD) today announced that it will host a conference call to discuss earnings results for the first quarter of 2009 on Thursday, April 30, 2009 at 9:00 AM Eastern Time. The telephone number for U.S. participants is 1-800-860-2442 (international: +1-412-858-4600). Please reference Tollgrade's First Quarter 2009 Earnings Results Call. The conference call will also be broadcast live over the Internet. To listen to this conference call via the Internet, simply log on to the following URL address: http://www.videonewswire.com/event.asp?id=57904
Tollgrade Announces New Multi-Year Managed Services Agreement
PITTSBURGH, April 15, 2009 -- Tollgrade Communications, Inc. (Nasdaq: TLGD), a leading provider of network service assurance solutions and services to the telecommunications industry, today announced that it has entered into a new multi-year managed services agreement with a leading global network equipment provider. Under the terms of the agreement, Tollgrade will provide customer support and engineering services capabilities.
Lighthouse™ Sensor Technology for Power Utilities Generally Available
PITTSBURGH, February 3,, 2009 -- Tollgrade Communications, Inc. (NASDAQ: TLGD), a leading supplier of network service assurance test products and solutions, announced that the first release of its LightHouse™ 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.
Tollgrade Reports Fourth Quarter 2008 Results
PITTSBURGH, January 28, 2009 -- Tollgrade Communications, Inc. (NASDAQ: TLGD), a leading supplier of network service assurance test products and solutions, today
reported revenue of $14.2 million and a loss per share of ($0.10) for the fourth quarter ended December 31, 2008. Revenue results for the quarter were at the higher end of the Company’s earlier guidance of $12 million - $15 million.
Tollgrade Fourth Quarter 2008 Results Conference Call Scheduled for Thursday, January 29, at 9:00 A.M. ET
Tollgrade Communications, Inc. (NASDAQ: TLGD) today announced that it will host a conference call to discuss earnings results for the fourth quarter of 2008 on Thursday, January 29, at 9:00 AM Eastern Time. The telephone number for U.S. participants is 1-800-860-2442 (international: +1-412-858-4600). Please reference Tollgrade's Fourth Quarter 2008 Earnings Results Call. The conference call will also be broadcast live over the Internet. To listen to this conference call via the Internet, simply log on to the following URL address: http://www.videonewswire.com/event.asp?id=55025
Tollgrade to Present at The Needham Growth Stock Conference
PITTSBURGH, December 30,2008 -- Tollgrade Communications, Inc. (NASDAQ: TLGD), a leading supplier of network service assurance test products and solutions, today announced that it will participate in the 11th Annual Needham Growth Stock Conference to be held in New York City, January 6-8, 2009. Joseph Ferrara, Tollgrade's President and CEO, will present an overview of the Company's business and strategy on Tuesday, January 6, 2009 at 3:30 p.m. (ET).
Telecom Marketing and Sales Veteran Robert King is Named Executive Director, Business Development at Tollgrade
PITTSBURGH, December 30,2008 -- Tollgrade Communications, Inc. (NASDAQ: TLGD), a leading supplier of network service assurance test products and solutions, today announced that telecom marketing and sales veteran Robert King has joined the company as Executive Director, Business Development.
Tollgrade's Board of Directors Approves $15 Million Share Repurchase Program
PITTSBURGH, October 28, 2008 -- Tollgrade Communications, Inc. (NASDAQ: TLGD), a leading supplier of network service assurance test products and solutions, today announced that its Board of Directors has approved a repurchase program for the Company's common stock with an aggregate share value of up to $15 million, through open market and privately negotiated transactions.
Tollgrade Reports Third Quarter 2008 Results. Strategic Review Results in Greater Focus on Service Assurance Solutions
PITTSBURGH, October 22, 2008 -- Tollgrade Communications, Inc. (NASDAQ: TLGD), a leading supplier of network service assurance test products and solutions, today reported revenue of $15.2 million and GAAP earnings per share of $0.07 for the third quarter ended September 27, 2008.
Tollgrade Announces Senior Management Appointments to Support Plans to Expand Service Assurance Solutions
Tollgrade Communications, Inc. (NASDAQ: TLGD) today announced three senior management appointments coinciding with its third quarter 2008 earnings report which also outlines the Company's plan to expand its core service assurance solutions for the telecom industry.
Tollgrade Third Quarter 2008 Results Conference Call Scheduled for Thursday, October 23, 2008 at 9:00 A.M. ET
Tollgrade Communications, Inc. (NASDAQ: TLGD) today announced that it will host a conference call to discuss earnings results for the third quarter of 2008 on Thursday, October 23, 2008 at 9:00 AM Eastern Time. The telephone number for U.S. participants is 1-800-860-2442 (international: +1-412-858-4600). Please reference Tollgrade's Third Quarter 2008 Earnings Results Call. The conference call will also be broadcast live over the Internet. To listen to this conference call via the Internet, simply log on to the following URL address: http://www.videonewswire.com/event.asp?id=52230
Tollgrade Features Latest Service Assurance Solutions
at Broadband World Forum Europe in Brussels,
Sept. 30 - Oct. 2
Tollgrade Communications, Inc. (NASDAQ: TLGD), a leading supplier of service assurance solutions for the telecom and cable industries, will exhibit its latest IP service assurance solutions at the Broadband World Forum Europe conference taking place in Brussels from September 29 through October 2, 2008. Tollgrade will be among more than 100 of the world’s top carriers, content providers and suppliers exhibiting the latest information and communications technology advancements.
Zarlink and Tollgrade Deliver Specification Defining Test Solution for Next-Generation Communications Networks
Tollgrade Communications, Inc. (NASDAQ: TLGD), a leading supplier of network service assurance products for the telecom and cable industries, and Zarlink Semiconductor Inc. (TSX:ZL), the market leader in access infrastructure and residential gateway voice solutions, today announced the availability of the specification for the Line Test Agent, which defines the manner in which the Zarlink VoiceEdge™ VE792 Next-Generation Carrier Chipset (NGCC) will link with Tollgrade test operating systems.
Integra Telecom Taps Tollgrade’s DigiTest® ICE™ Test Technology for System Wide Deployment
Integra Telecom Inc., a facilities-based, integrated communications carrier for business, has selected Tollgrade Communications’ (NASDAQ: TLGD) broadband service assurance probe - DigiTest® ICE™ - for deployment in a system wide test initiative to further improve performance delivery for Integra’s services. A first release of DigiTest ICE became generally available in the U.S. market earlier this summer.
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