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Plaintree Systems Inc. Announces That An Existing Contract Is Now Worth More Than $8 Million

Plaintree Systems Inc. (CNSX:NPT), today announced that its Specialty Structures Division, Triodetic, has received an increase to the original $3M dome contract announced in June 2013. The contract is now worth more than $8.7M for the engineering and manufacture of this stainless steel dome.

“This dome is for a Potash mining operation,” said David Watson CEO. “Potash is extremely corrosive and we are the only manufacturer that can provide a dome structure made completely out of stainless steel, the only material that is reasonably impervious to Potash related chemicals.”

The 73m diameter dome will be entirely in stainless steel including the interior structure and the external metal cladding/skin. All of the materials for this dome will be fabricated at the company’s 135,500 sq. ft. plant in Arnprior, Ontario.

The plant boasts high end hydraulic presses, CNC machining capabilities, laser cutters, laser welders and other precision machinery as well as new state-of-the-art 70 foot paint booth. The plant operates to the high AS9100 Aerospace quality standards. TRIODETIC shares the Plaintree resources of 100 employees including professional engineers, draftsmen, CAD operators, certified welders and support staff.

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 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.

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