GERMANTOWN, Md. -- Acterna Corporation today announced that the U.S. Bankruptcy Court for the Southern District of New York has confirmed its Plan of Reorganization. Confirmation of the plan, which received overwhelming support through a vote of its creditors earlier this week, clears the way for the company's emergence from chapter 11 within 10 days.

"After completing a debt restructuring in only five months -- a truly remarkable achievement and a testament to the focused dedication of our employees -- Acterna is ready to move forward as a re-energized company with a stronger balance sheet," said John Peeler, Acterna's president and chief executive officer. "We appreciate the trust and support we enjoyed from our customers and suppliers throughout this process and look forward to building on Acterna's long heritage as an innovative provider of communications test solutions around the globe."

"Acterna's focus is on delivering test solutions that enable our customers to reduce network operating expenses and achieve greater productivity," added Peeler. "We are committed to a robust product development program to help our customers achieve these objectives and will introduce 12 new products and enhancements over the next three months alone."

Acterna Corp.