8:OLD BRIDGE, NJ / ACCESSWIRE / July 16, 2015 / Blonder Tongue Laboratories, Inc. (NYSE MKT: BDR) is saddened to report the passing of one of the company's founders, Ben H. Tongue, who died in his sleep early the morning of July 4, 2015. Tongue graduated with an Electrical Engineering degree from Northeastern University in 1945 and a Masters from Polytechnic Institute of Brooklyn in 1948. Shortly thereafter, it was while working at Panoramic Radio Corporation that he met Ike Blonder and incorporated Blonder Tongue Laboratories in 1950. Each had the initiative to pioneer their efforts in both CATV and over-the-air television. Both gentlemen individually and together received 30 patents, numerous awards, and industry recognition.
"Ben H. Tongue was not only the founder, but also a comrade and good friend," said Bob Palle, President of Blonder Tongue Laboratories. "It was the combination of Ben's innovative ideas and rugged, reliable and cost effective products produced by the company that were the deciding factors to purchase the company back in 1989. My partner, Jim Luksch, (now retired) and I continued down the path previously paved by Ben and Ike to deliver top quality system solutions and equipment at a reasonable price."
Blonder Tongue Laboratories, Inc. and of its employees offer their best wishes and condolences to Ben's family.
About Blonder Tongue
Blonder Tongue Laboratories, Inc. together with R. L. Drake Holdings, LLC - its wholly owned subsidiary - offer customers more than 130 years of combined engineering and manufacturing excellence with solid histories of delivering reliable, quality products. As a leader in the field of Cable Television Communications, the Company provides system operators and integrators serving the cable, broadcast, satellite, IPTV, institutional and professional video markets with comprehensive solutions for the provision of content contribution, distribution and video delivery to homes and businesses. The Company designs, manufactures, sells and supports an equipment portfolio of standard and high definition digital video solutions, as well as core analog video and high speed data solutions for distribution over coax, fiber and IP networks. Additional information on the Company and its products can be found at www.blondertongue.com, and www.rldrake.com.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: The information set forth above includes "forward-looking" statements and accordingly, the cautionary statements contained in Blonder Tongue's Annual Report and Form 10-K for the year ended December 31, 2014 (See Item 1: Business, Item 1A: Risk Factors, Item 3: Legal Proceedings and Item 7: Management's Discussion and Analysis of Financial Condition and Results of Operations), and other filings with the Securities and Exchange Commission are incorporated herein by reference. The words "believe," "expect," "anticipate," "project," "target," "intend,", "plan," "seek," "estimate," "endeavor," "should," "could," "may," and similar expressions are intended to identify forward-looking statements. In addition, any statements that refer to projections for our future financial performance, our anticipated growth trends in our business and other characterizations of future events or circumstances are forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof. Blonder Tongue undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. Blonder Tongue's actual results may differ from the anticipated results or other expectations expressed in Blonder Tongue's "forward-looking" statements.
Contacts:
Bob Palle
CEO and President
bpalle@blondertongue.com
732-679-4000
SOURCE: Blonder Tongue Laboratories, Inc.
