PDYN Palladyne AI Corporation

Paradyne (NASDAQ:PDYN), a leading provider of triple play Broadband Loop Carriers (BLCs), will issue its second quarter 2005 financial results after the close of the market on Wednesday, July 20, 2005. Financial results will be issued over First Call and Business Wire, and will also be posted on Paradyne's investor relations page at http://www.paradyne.com/company/investor/. The company will also host a conference call to discuss its second quarter results on Wednesday, July 20, 2005 at 6:30 p.m. EDT. Paradyne will offer a live and replay audio broadcast of the conference call over the Internet and by telephone. To listen to the call, go to the investor section of the Paradyne website, or dial 706-634-1225 for telephone access. An audio replay of the call will be available through July 30, 2005. About Paradyne Paradyne provides a broad family of IP-based broadband access solutions, including BLCs, DSLAMs, Ethernet in the First Mile bonded solutions, IADs, and CPE. Paradyne's products support both residential triple play solutions and business class bonded G.shdsl, ADSL2+ and T1/E1 solutions for LAN extension and cell site data backhaul applications. Paradyne's solutions are designed to enhance carrier revenue streams with full support for Multimedia Traffic Management (MTM) and to lower carrier operational expenses through Operational Intelligence (OpIQ). More information may be obtained by visiting http://www.paradyne.com or by calling 727-530-8623. Information about Forward-Looking Statements: This press release contains forward-looking statements that involve a number of risks and uncertainties. These forward-looking statements are made pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995 and are made based on management's current expectations and beliefs as well as on assumptions made by, and information currently available to, management. Among the factors that could cause actual future events to differ materially include: the uncertainty regarding the acceptance of new telecommunications services based on DSL technology; reduction or discontinuation of purchase of our products by NSPs; the failure of NSPs to incorporate our products into their infrastructure; the possibility that Paradyne's competitors may develop competing products that are superior in terms of quality, cost, or both. For a detailed discussion of other risk factors that could affect Paradyne's business, please refer to the risks identified in Paradyne's Current Report on Form 10-Q, dated March 16, 2005, and in Paradyne's other filings with the Securities and Exchange Commission. Editors Note: Paradyne and the Paradyne Logo are registered trademarks of Paradyne Corporation.