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Plaintree Systems Inc. Announces Acquisition Of A High End Mill For Summit Aerospace USA Inc.

Stocks in this article: NPT PTEEF

Plaintree Systems Inc. (Plaintree, traded on CNSX under the symbol NPT).

Plaintree today announced that its most recent corporate acquisition, Summit Aerospace USA Inc., purchased a state of the art Deckel Maho DMU 80 P duoBlock Universal Milling Machine, for just under $1Million that will allow them to expand their current roster of jet engine parts.

“Summit is a very specialized manufacturer of large engine components,” said David Watson, President and CEO of Plaintree. "Summit can machine components up to 37 inches in diameter out of the most difficult materials such as Titanium, Inconel 718, Nimonic and René 41 and this machine allows us to expand our capabilities even further.”

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.

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 the newly formed 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.

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