News Release !!!!
Stay tuned folks, there's more to come.
It is a great indication of the progress that they are making. It is great to see that they have staffed up and have been able to attract quality marketing, sales and engineering people. Being in Sales/Marketing/Business development in the hi-tech industry my self I can attest that it is very difficult to attract top quality, Sr. staff in these areas. There are many companies out there offering extremely good compensation packages to choose from. The fact that Plaintree has been able to land these people is extremely positive.
By the way, has anyone else noticed the companies that they were able to attract their top engineering staff from. This is another very encouraging sign. Engineering staff are very hard to come by these days and the companies that these new people come from are offering very aggressive and attractive compensation packages for people with this skill set. Very positive that these people chose to go to Plaintree.
From the Press Release..........
ENGINEERING
David Kahn, Vice President of Product Development, one of the top photonics research engineers in the world
Thomas Milc, Physical Design Engineer, leading physical designer from Nortel and a former Plaintree team leader
Dermit Kavanaugh, Manager of Standards, also from Nortel
Duncan Wilcox, Manager of Electronic Design, from Alcatel, Europe
Ilia Ekchtout, Physical Design Engineer from JDS Uniphase
Got this from Canada Newswire newswire.ca
Plaintree Systems Ready for the "Fiberless" Explosion
OTTAWA, Aug. 24 /CNW/ - Plaintree Systems Inc. ("Plaintree") (TSE:LAN;
OTC BB: LANPF) President and CEO, David Watson, says "the fiberless optical
market is ready to explode and Plaintree will be ready when it happens".
Watson has spent the last six months having face-to-face discussions with
potential customers and the competition around the world.
Plaintree has moved quickly to expand the team to help meet these
upcoming opportunities by adding the following key team members:
MARKETING:
Bill White as Director of Marketing
SALES:
Colin Welch, Regional Sales Rep, previously a leading sales rep at PAV
Mike Salustri, Regional Sales Rep, a leading sales rep from Silcon
Jason Lee, Regional Sales Rep, top salesperson from the networking
industry
ENGINEERING
David Kahn, Vice President of Product Development, one of the top
photonics research engineers in the world
Thomas Milc, Physical Design Engineer, leading physical designer from
Nortel and a former Plaintree team leader
Dermit Kavanaugh, Manager of Standards, also from Nortel
Duncan Wilcox, Manager of Electronic Design, from Alcatel, Europe
Ilia Ekchtout, Physical Design Engineer from JDS Uniphase
Design Workshop, a leading industrial design house is now contracted for
key design work, combining form and function.
Top names in both the GSM and ISP markets have shown a strong interest in
Plaintree's optical fiberless technology. A number of these customers are
flying from as far away as Europe and the Middle East to view Plaintree's
operations and design work. According to some market research, it is reported
that the GSM market represents a possible $1/2 billion in potential optical
fiberless business. There are currently about 200,000 ISPs around the world
and that number is growing. ISP market estimates have yet to be determined.
Plaintree's optical fiberless technology will offer a solution to some of
the infrastructure problems of crowded airwaves that have arisen with the
abundant use of RF and microwave technology. Plaintree System's wireless links
use a completely eyesafe LED technology. This differs from the more commonly
used laser products that may result in eye damage if viewed through a
telescope or binoculars. These infrared fiberless products offer high-speed
data transfer that answer the demand for big bandwidth. Plaintree also
develops and manufactures intelligent backbone and workgroup switches, which
makes it one of the few companies to provide a complete solution to the 'last
mile' problem.
Plaintree anticipates its aggressive investment in engineering will
result in potential fiberless product releases in this current year. In
responding to the needs of their potential customers, Plaintree is one of the
few companies with the experience and existing manufacturing to accommodate
the volume of product that will be required to meet the demands of the ISP and
GSM markets.
About Plaintree Systems
Founded in 1988, Plaintree Systems Inc. develops and manufactures local
area network switches and optical (Infrared) based, Fiberless LAN and
Telecommunications products. Plaintree Systems Inc. maintains a reputation for
reliable high quality products and strong technical support. Headquartered in
the Ottawa region. Plaintree is publicly traded in Canada on the TSE and in
the US on the OTC Bulletin Board, with 83,216,732 shares outstanding.
Plaintree maintains a World Wide Web site on the Internet
plaintree.com..
This press release may include statements that are forward looking and
based on current expectations. The transaction is subject to certain
conditions including shareholder approval, and therefore, a risk of non-
completion. The actual results of the Company may differ materially from
current expectations. The business of the Company is subject to many risks and
uncertainties, including changes in markets for the Company's products, delays
in product development and introduction to manufacturing and intense
competition. For a more detailed discussion of the risks and uncertainties
related to the Company's business, please refer to documents filed by the
Company with the SEC and Canadian regulatory authorities, including the
Company's prospectus dated July 10, 2000.
%SEDAR: 00001576E
-30-
For further information: Roxanne Doroszkiewicz, Plaintree Systems Inc.,
Tel: (613) 274-7979, E-mail: ir@plaintree.com |
