Plaintree Systems Inc. Announces a Profitable 2013 Year
2013年7月17日 - 9:00PM
ビジネスワイヤ（英語）
Plaintree Systems Inc. (Plaintree, traded on CNSX under the
symbol NPT).
Fiscal 2013 Results
Plaintree announced today that it has released its audited
financial statements and related management discussion and analysis
for the year ended March 31, 2013.
During fiscal 2013, Plaintree realized revenues of $13,790,759
compared to $12,640,541 in fiscal 2012 and net income of $373,286,
compared to a net loss of $(631,833) in fiscal 2012. Basic and
diluted loss per share was $(0.09) and $(0.16) in fiscals 2013 and
2012 respectively after adjusting for accrued unpaid dividends in
the Company’s Class A preferred shares.
Inventory write-downs of $202,632 and $273,359 are included in
the results of fiscals 2013 and 2012 respectively.
“For the past two years the world economic slowdown has affected
Plaintree,” said David Watson, President and CEO. “Finally in 2013
things began to improve and we have just posted very satisfactory
financial results.
“However, the real news is that to date in fiscal 2014 the
Company has received almost $20 million dollars in orders, most of
which will be shipped and invoiced during this year.”
For more information on these results, please refer to
Plaintree’s annual 2013 financial statements together with the
related Management’s Discussion and Analysis report, copies of
which can be obtained from the Company’s website at
www.plaintree.com and/or under Plaintree’s name at
www.sedar.com.
About Plaintree Systems
Plaintree has two diversified product lines consisting of
Specialty Structures and Electronics.
The Specialty Structures Division includes the former Triodetic
Group with over 40 years of experience, is a design/build
manufacturer of steel, aluminum and stainless steel specialty
structures such as commercial domes, free form structures, barrel
vaults, space frames and industrial dome coverings, and Arnprior
Fire Trucks Corp., a manufacturer of high end fire and emergency
vehicles.
The Electronics Division includes the legacy Hypernetics, Summit
Aerospace USA Inc. and Plaintree free space optics (FSO)
businesses.
Plaintree’s FSO systems transmit data at high speeds using beams
of light instead of traditional radio frequency which can suffer
from congestion. Hypernetics was established in 1972 and is a
manufacturer of avionic components for various applications
including aircraft antiskid braking, aircraft instrument
indicators, solenoids, high purity valves and permanent magnet
alternators. Summit Aerospace USA Inc. provides high precision
machining to the aerospace and defense markets. Our facility
includes 5 axis CNC precision machining of complex castings and
large ring parts such as turbine and assembly shrouds as well as
assembly & pressure seals. Summit will support requirements
from concept, prototype and throughout production.
Plaintree’s shares are traded under the symbol “NPT”.
Shareholders and Investors can access Company information on CNSX’s
website and receive full Company disclosure monthly. For more
information on Plaintree or to receive stock quotes, complete with
trading summaries, bid size and ask price, brokerage house
participation, insider reports, news releases, disclosure
information, and CNSX and SEDAR filings, visit the CNSX website at
www.cnsx.ca or the Company’s website at www.plaintree.com.
Plaintree is publicly traded in Canada on the CNSX (NPT) with
12,925,253 common shares and 18,325 class A preferred shares
outstanding.
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
Canadian regulatory authorities, including the annual report of the
Company for the fiscal year ended March 31, 2013 and related
management discussion and analysis.
Canadian National Stock Exchange has not reviewed and does not
accept responsibility for the adequacy or accuracy of the content
of this news release.
For further information:Anna Pelkey, (613) 623-3434 x2261
Plaintree Systems (PK) (USOTC:PTEEF)
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