To: Zvi Yammer who wrote (1340 ) 10/19/1998 3:38:00 PM From: Bron-y-aur Read Replies (1) | Respond to of 1606
NEWS! Zvi, what is your take on the significance here. Sam Plaintree Systems Selects PMC-Sierra's EXACT Chip Set for New Line of Fast Ethernet LAN Switches October 19, 1998 2:42 PM EDT OTTAWA--(BUSINESS WIRE)--Oct. 19, 1998-- Next-Generation WaveSwitch Equipment Will Enable Inexpensive Fast Ethernet Switching Solutions Plaintree Systems Inc. (NASDAQ:LANPF) (TSE:LAN), a leader in high-performance LAN switching, today announced the selection of PMC- Sierra's (NASDAQ:PMCS) EXACT chip set solution for its new line of fast, inexpensive Ethernet LAN switches. Plaintree plans to begin shipping these switches to customers by the end of 1998. "We're marrying the values inherent in our software features with the next generation of hardware," said Colin Beaumont, Plaintree's CEO. "PMC-Sierra's investment in leading edge standard product Ethernet solutions will allow us to get to market faster with significant broadening of our product line." PMC-Sierra's EXACT(tm) family of Fast and Gigabit Ethernet switching chips will be used in conjunction with Plaintree's advanced switching software. PMC-Sierra's products will enhance Plaintree's growing family of WaveSwitch Ethernet switches. "We've worked closely with Plaintree to develop a solution based on the EXACT chip set that allows Plaintree to introduce highly functional and flexible switches," said Chris DeMonico, vice president and general manager of PMC-Sierra's Ethernet products division. "The new WaveSwitch switches leverage key features of our chip set including our advanced VLAN, class of service and stacking capabilities." "The high level of integration of the PMC-Sierra chip set makes for superior flexibility in the design of high performance Ethernet products," Beaumont continued. "Our development plans include providing downloadable firmware for the SmartPath embedded CPU incorporated in PMC-Sierra's EXACT chip set. This gives Plaintree's switches greater compatibility and ease of migration." About PMC Sierra Inc. PMC-Sierra is a leading provider of high speed internetworking component solutions emphasizing ATM, Ethernet, SONET/SDH, T1/E1 and T3/E3 applications. The company's quality system is registered with the Quality Management Institute to the ISO 9001 standard. As co-founder of the SATURN(R) Development Group, PMC-Sierra works with over 30 other member companies to define and develop interoperable, standard-compliant solutions for high speed networking applications. Headquartered near Vancouver, British Columbia, PMC-Sierra also offers local technical and sales support in California, Illinois, Massachusetts, Ontario, Texas, Europe and Asia. In Beaverton, Oregon, the company has established an Ethernet products division focused on developing leading edge Ethernet semiconductor solutions. PMC-Sierra is located on the World Wide Web at pmc-sierra.com . About Plaintree Systems A publicly held company founded in 1988, Plaintree Systems develops and sells LAN switches, maintaining a reputation for high quality products and technical support. Headquartered in the Ottawa region, Plaintree also maintains offices in the US and Europe. Plaintree is publicly traded in the U.S. on NASDAQ and in Canada on the TSE. For more information, visit Plaintree's website at http:\\www.plaintree.com. This press release includes statements which 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 SEC and Canadian regulatory authorities, including the Company's prospectus dated May 20, 1997. © Business Wire. All rights reserved. Click Here