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Plaintree Systems Inc. Releases Q1-2013 Results

Stocks in this article: NPT PTEEF

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

Plaintree announced today that it has released its unaudited interim condensed consolidated financial statements and related management discussion and analysis for the three months ended June 30, 2012.

During the first three months of fiscal 2013, Plaintree realized revenues of $2,778,462 compared to $2,674,734 for the same period in fiscal 2012 and a net loss of $(176,802), compared to net loss of $(87,609) in first quarter of fiscal 2012. Basic (loss) per share was $(0.04) and $(0.04) for the respective first three months of fiscals 2012 and 2012.

For more information on these results, please refer to Plaintree’s annual 2012 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 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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