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Plaintree Profits Down in Fiscal 2014

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OTTAWA, Ontario, Canada, July 25, 2014 — Plaintree Systems Inc. reported a net loss of $1.7 million in the fiscal year ended March 31, down from a fiscal 2013 profit of $373,286. The company attributed the net loss to the acquisition of Spotton Corp. and weather-related cost overruns on the installation of a stainless steel dome in Saskatchewan. During fiscal 2014, Plaintree realized revenues of $20.8 million, up from $13.8 million in fiscal 2013. Plaintree’s business includes free-space optics systems that enable data and voice transmission through the air using eye-safe LEDs. The company also deals in specialty...Read full article

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    Published: July 2014
    Glossary
    free-space optics
    Free-space optics (FSO), also known as optical wireless communication or optical wireless networking, refers to the transmission of data using modulated beams of light through free space (air or a vacuum) rather than using physical cables or fiber optics. FSO systems leverage the principles of optical communication, similar to fiber optic communication, but they transmit signals through the atmosphere over relatively short distances. Key features and aspects of free-space optics include: ...
    BusinessCanadaCommunicationsfree-space opticsOntarioOpticsOttawaPlaintreePlaintree Systems Inc.Spotton Corp.LEDs

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