Thought I'd let you know what is up at Plaintree of late
Each Wavebridge 500 lists for $10,000. - $12,000.(2 models)
Wavebridge 700 will retail for $17,000. Thats US dollars as well. VARS discount unknown.
newsalert.com
Plaintree Systems Receives Purchase Order for 40 WAVEBRIDGE links from CDS/Prometheus (PRN)
Plaintree Systems Signs VAR Agreement with Verestar
Jump to first matched term
newsalert.com
OTTAWA, Canada, Feb. 22 /PRNewswire/ - TSE: LAN, OTC BB: LANPF - Plaintree Systems Inc. (Plaintree), a manufacturer of optical wireless products and network switches, today announced it has signed a VAR (Value Added Reseller) agreement with Verestar, Inc. of Fairfax, Virginia. Verestar is a provider of integrated satellite and fiber network access solutions worldwide. The agreement includes a purchase order for 30 units, initially, of WAVEBRIDGE optical wireless links from Plaintree.
Verestar offers a comprehensive menu of solutions for Internet backbone access and transit services, and Plaintree's WAVEBRIDGE optical wireless links will be available to customers as part of Verestar's Internet connectivity and infrastructure offering. Customers in Latin America, Europe, The Middle East and Africa will now have a wide choice of satellite and/or fiber connectivity for a wider range of IP networking, such as IP bridging, IP extension and IP via wireless GSM technology.
"Speed and reliability are essential to our customers and we are sure that the Plaintree Infrared LED (Light Emitting Diode) links will deliver our customers the superior quality they require without any licensing issues. In addition, having the Plaintree WAVEBRIDGE equipment offers our customers new options for Internet and GSM connectivity from 10 Mbps to 155 Mbps (OC-3)," stated Sheridan Dickinson, Vice President, Verestar Miami.
"Verestar has an enormous reach into the market," said David Watson, President and Chief Executive Officer of Plaintree, "including China and Europe which is something we are very happy about. It's a great deal for us and we think Verestar will be happy too."
Plaintree develops and manufactures optical wireless links using robust and reliable LED technology. These links, which are part of Plaintree's new WAVEBRIDGE series, provide high-speed network connections, bypassing the need for expensive cable installation and frequency licensing for Internet Service Providers, cellular operators, and campus networks.
About Verestar, Inc.
--------------------
Verestar, Inc., a wholly owned subsidiary of American Tower Corporation
(NYSE: AMT), delivers and manages customer's mission critical communications
via satellite or fiber, on the ground, in space and at sea. Verestar, Inc.
also owns and operates: Interpacket Networks, which provides international
Internet Service Providers (ISPs) high-speed Internet backbone connectivity
and Internet business services; Maritime Telecommunications Network, Inc.
(MTN), offering Internet, voice and data services to the cruise ship, oil and
gas industries; and General Telecom, Verestar's voice-switching company. The
company owns more than 10 Satellite Network Access Points (SNAPs), with an
inventory of over 175 antennas. For more information, visit our web site at
www.verestar.com.
About Plaintree Systems
-----------------------
Founded in 1988, Plaintree Systems Inc. is a leading manufacturer of
optical wireless links, network switches, and 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. Once installed the links are
safe, secure, reliable, and robust, so avoid costly network downtime. Unlike
other network solutions, these 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 some of the potential markets for Plaintree's systems.
Another high-potential market is the avionics industry, - where radio
frequencies are tightly regulated.
Plaintree Systems headquartered in the Ottawa region, operates
manufacturing facilities for switches and wireless products in Arnprior,
Ontario. Plaintree is publicly traded in Canada on the Toronto Stock Exchange
and in the U.S. on the Nasdaq Bulletin Board, with 86,059,869 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 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.
SOURCE Plaintree Systems Inc.
/CONTACT: Roxanne Doroszkiewicz, Plaintree Systems Inc.,
Tel: (613) 274-7979, E-mail: ir@plaintree.com/ |
