Interesting items I noted viewing LAN infoThe creation of an FSO/RF hybrid solution could offer customers connectivity that is directly comparable to fiber and copper lines. By forming a relationship between with UBS and Plaintree, the combined entity will have the capability to potentially become the first FSO company to surpass the $100 million mark in revenues.
A relationship with Plaintree will also allow UBS access to The Toronto Stock Exchange (“TSE”) as well as the United States market through the OTC Bulletin Board (“OTCBB”).
Plaintree is currently installed on large telecommunications networks including Worldcom, Alcatel, Bell South, and France Telecom. With initial orders scheduled for release in eight weeks, revenues for 2002 will reflect Plaintree’s position as one of the leaders in the FSO market.
As stated in the analyst report on Plaintree prepared by Chris Bonnet of Desjardins Securities, Plaintree will be a company with revenues approaching $20M in the next 12 to 18 months. In addition, this analysis was based on revenues generated by FSO alone and Plaintree believes that with the introduction of an FSO/RF hybrid product, this will become a conservative forecast.