Press Release - Contracts to Follow Soon!
Attention Business Editors:
Plaintree Announces the New WaveBridge Multiplex Series Of Fiberless Products
OTTAWA, ON, Oct. 10 /CNW/ - TSE:LAN, NASD-OTC BB: LANPF - Plaintree
Systems Inc. (Plaintree) announces its latest product release, the WaveBridge
Multiplex (MT) series of infrared fiberless links to provide fast, high-speed
connectivity. This high-bandwidth solution cures the ongoing problems of
frequency and interference experienced with competing radio frequency (RF)
solutions by using the infrared spectrum. In addition, WaveBridge solutions do
not require licensing in comparison to RF or microwave solutions which do
require licensing.
The new WaveBridge MT series is specifically designed to meet the
requirements of the Global System for Mobile (GSM) communications and internet
service provider (ISP) markets. These links enable ISP and GSM customers to
transmit data at high bandwidth speeds over Ethernet, while continuing to
offer E1/T1 speeds together or separately in the same unit. Essentially, this
means that a user can access its telephone lines and Ethernet data
transmission over the same link.
"This is just the first of a number of product releases that Plaintree
will be announcing over the next two Quarters," said David Watson, President
and Chief Executive Officer of Plaintree Systems. "The ISP market has strongly
requested this Multiplex product which offers unique capabilities. We have
completed the design work on this product substantially ahead of schedule,"
Mr. Watson continued, "and we are also on track for our dedicated WaveBridge
Telco series and our WaveBridge ATM series, which will meet the higher-
capacity requirements in the marketplace. Plaintree has listened to its target
customers and is working very hard to meet their requirements and frankly, the
response has been beyond our original expectations."
About Plaintree Systems
Founded in 1988, Plaintree Systems Inc. is a leading manufacturer of
network switches and optical fiberless LAN and telecommunications products.
Using infrared (LED) technology, Plaintree's high quality products offer high-
speed data and voice transmission without any licensing requirements. These
links are easy to install and once installed are safe, secure, reliable and
robust so avoid costly network downtime. Unlike other network solutions, these
fiberless links can be densely co-located to provide big bandwidth
connectivity without the frequency problems associated with crowded airwaves.
The technology is a cost efficient alternative to the expense of laying cable
to connect the 'last mile'. Internet service providers and cellular operators
are just some of the potential markets for Plaintree's systems. Another high
potential niche market is the avionics industry - where radio frequencies are
tightly regulated.
Plaintree Systems is headquartered in the Ottawa region and operates
manufacturing facilities for both switches and wireless products in Arnprior,
Ontario. Plaintree is publicly traded in Canada on the TSE and in the U.S. on
the OTC Bulletin Board, with 85,659,869 shares outstanding. Plaintree
maintains a world-wide web site 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 U.S. Securities and Exchange Commission and Canadian
regulatory authorities, including the company's prospectus dated July 10,
2000.
%SEDAR: 00001576E
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For further information: Roxanne Doroszkiewicz, Plaintree Systems Inc.,
Tel: (613) 274-7979, E-mail: ir@plaintree.com |
