eLinear Solutions Notches $580,000 IP Telephony Win within Energy Sector
18 November 2005 - 12:15AM
Business Wire
eLinear, Inc. (AMEX:ELU) announced today that it and its wholly
owned subsidiary, eLinear Solutions, have been awarded a $580,000
contract to deploy a Cisco IP Telephony System. This revenue will
be realized during the fourth fiscal quarter of 2005. This
implementation is for one of the world's largest independent oil
and gas exploration and production companies, which is
headquartered in Houston, Texas. The aforementioned E&P firm
conducts exploration, production and development operations in the
U.S., Canada, the United Kingdom, Africa, China and South America.
Michael Lewis, President & Chief Executive Officer of eLinear,
stated, "We are very excited to see that our customer's
satisfaction in the initial $100,000 project, which was unrelated
to this Cisco implementation, has now led to expanded
opportunities. Once our customers engage us in a deployment, they
are able to experience the value of our solutions resolving their
business issues. Consequently, we believe opportunities like this
will surface over and over again both within our current account
base and with targeted prospects. Stephen Lurie, eLinear's IP
Convergence Practice Manager, stated, "This win is another example
of our team's ability to successfully cross-sell a variety of
networking solutions to some of the most notable companies in the
world. After talking to a number of Cisco partners, the customer
felt our expertise, diverse background and our global VoIP
experience could take them to the next stage of their IP Telephony
rollout." eLinear previously announced revenue guidance of
$32,000,000 to $36,000,000 for fiscal 2005 and targets reaching
operating profitability during the fourth quarter of 2005. About
eLinear, Inc. eLinear, Inc. is a communications, security and
compliance company providing integrated technology solutions
including information and physical security, IP Telephony and
network and storage solutions infrastructure. Typically, the
company's customers are Fortune 2000 and small to medium sized
business organizations. eLinear's services are offered to companies
seeking to increase productivity or reduce costs through investing
in technology. eLinear has a national and international footprint
and has its headquarters in Houston, Texas. For more information,
see http://www.elinear.com. Safe Harbor Statement This press
release contains statements that may constitute forward-looking
statements, including the company's ability to realize the
projected revenues from the newly announced project orders and the
future strength of the company's business and industry. These
statements are based on current expectations and assumptions and
involve a number of uncertainties and risks that could cause actual
results to differ materially from those currently expected. For
additional information about eLinear's future business and
financial results, refer to eLinear's Annual Report on Form 10-KSB
for the year ended December 31, 2004, which was filed with the SEC
on March 18, 2005, eLinear's Q1 2005 Report filed with the SEC on
May 20, 2005, and eLinear's Q2 2005 Report filed with the SEC on
August 12, 2005. eLinear undertakes no obligation to update any
forward-looking statement that may be made from time to time by or
on behalf of the company, whether as a result of new information,
future events or otherwise.
Elinear (AMEX:ELU)
Historical Stock Chart
From May 2024 to Jun 2024
Elinear (AMEX:ELU)
Historical Stock Chart
From Jun 2023 to Jun 2024
Real-Time news about Accelerated Return Notes Linked TO The Phlx Semiconductor Index (American Stock Exchange): 0 recent articles
More eLinear, Inc. News Articles