Cygnal records $17.6-million net loss in 2006

MARKHAM, ON – Network communication solutions provider Cygnal Technologies Corp. recorded another multi-million dollar loss in the fiscal year ended December 31, 2006, but the loss wasn’t as deep as 2005. Despite recording a $17.6 million net loss in 2006 – compared to a net loss of $27.6 million a year earlier – company officials said Friday they expect the expanding adoption of new technologies such as IP telephony to lead to growth at both its communications services and network services operations. Cygnal is an equipment supplier to cable and telecommunications companies through its White Radio distribution unit and a contractor that...