newswire.ca
PLAINTREE SYSTEMS SIGNS $1 MILLION CONTRACT WITH U.S. NAVY
Will provide Ethernet switches with fiber-optic modules to
mission-critical networks
OTTAWA, CANADA, February 14 /CNW/ - Plaintree Systems Inc. (TSE: LAN;
NASD OTC BB: LANPF), announced today that it has signed a $1 million CDN
contract with the U.S. Navy to provide the Navy with a number of WaveSwitch
4800s with 100Base-FX FastLinx fiber-optic modules. The first shipment in
the order has been delivered to the Navy, with further shipments through
February and March of this year.
''We are very happy to be supplying the U.S. Navy with our Ethernet
switches,'' said David Watson, President and CEO of Plaintree. ''The
WaveSwitch 4800 is the best solution for the Navy's mission-critical needs;
its standards-based technology, high port density, reliability and
fault-tolerance make it perfect for addressing the Navy's requirements.''
This announcement follows news of the closing of the deal between
Plaintree and the Targa Group. The deal allows the Targa management team to
move Plaintree forward towards a successful future.
''The U.S. Navy has very high standards for its suppliers,'' said David
Watson. ''This order confirms again the high level of reliability that
Plaintree products deliver, and marks the beginning of a new chapter for
Plaintree.''
The WaveSwitch 4800 is an FDDI/Fast Ethernet switch for the data center
that provides up to 32 100Base-FX interfaces on eight four-port 100Base-FX
fiber-optic FastLinx(TM); modules. FastLinx modules provide full-duplex,
non-blocking 100 Mbps connectivity.
WaveSwitch 4800 features include:
- Full RMON support (9 groups)
- 4096 addresses per FastLinx module
- VLANs (port-based, MAC address-based and protocol-based)
- SmartVIPS(TM); (automatic segregation of IP subnets into separate
broadcast domains)
- SmartSAP(TM); (filtering client stations from SAP and RIP broadcasts
which are prevalent in Novell Netware IPX environments)
- ChannelCast(TM); (multicast transmissions are only sent to ports which
have subscribers)
- Redundant power
About Plaintree Systems
A publicly held company founded in 1988, Plaintree Systems develops and
sells local area network switches, maintaining a reputation for high quality
products and technical support. Headquartered in the Ottawa region, Plaintree
also maintains operations in the US. Plaintree is publicly traded in Canada
on the TSE and in the US on the NASD OTC Bulletin Board. Plaintree maintains
a World Wide Web site on the Internet at 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 May 20, 1997.
%SEDAR: 00001576E
-30-
For further information: Kira Pejemsky, Plaintree Systems, Tel:
(613) 274-7979, E-mail: kpejemsky@plaintree.com; Heather McCulligh, High
Road Communications, Tel: (613) 236-0909 ext. 305, E-mail:
hmcculligh@highrd.com |
