Tollgrade Announces Corporate Headquarters Move
PITTSBURGH, Feb. 25, 2011 (GLOBE NEWSWIRE) -- Tollgrade Communications (Nasdaq:TLGD) today announced the relocation of its corporate headquarters to Cranberry Township, Pennsylvania from Cheswick, Pennsylvania, effective February 28, 2011.
Tollgrade will occupy 24,500-square feet at 3120 Unionville Road, Suite 400, Cranberry Township, PA 16066. The new location will provide Tollgrade's employees with proximity to transportation hubs and Cranberry's thriving local business community. This move comes after careful study and review of the company's future operating needs in light of its growth prospects.
"Tollgrade has been in the Cheswick location since 1992, and we have enjoyed a rewarding history of growth and success from our long-standing Cheswick headquarters," said Ed Kennedy, Tollgrade President and CEO. "The move to Cranberry Township will provide the consolidation needed to support more effective workflow to power Tollgrade's growth and expansion efforts." Since its founding, Tollgrade has grown to be a leading provider of network assurance solutions for the telecommunications and utilities industries. With over 20 years of experience in network assurance, Tollgrade operates globally with U.S. offices near Pittsburgh, Pennsylvania and in Piscataway, New Jersey and European offices in Germany and the United Kingdom.About Tollgrade Tollgrade Communications, Inc. (Nasdaq:TLGD) is a leading provider of network assurance solutions for the telecommunications and utilities industries. Our real-time Smart Grid Monitoring solutions allow utility customers to continuously detect key circuit parameters, and communicate mission critical data wirelessly to a central location to provide Continuous Grid Intelligence™. Tollgrade telecommunication products and solutions enable communication service providers to efficiently manage their access networks in an age of increased competition, continually evolving technology, and ongoing pressure to reduce costs. Installed in more than 70 of the world's telecommunications operators, Tollgrade systems test over 250 million subscriber lines worldwide. For more information, visit Tollgrade online at www.tollgrade.com . The Tollgrade Communications, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7127
CONTACT: Greg Nulty, Corporate Communications Office: 724-720-1465
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