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Trimax Corporation Signs Joint Partnership MOU With Saudi Arabian Company, A.B Group
2006-02-27 07:00 ET - News Release
TORONTO -- (MARKET WIRE) -- 02/27/06
http://at.marketwire.com/accesstracking/AccessTrackingLogServlet?PrId=111186&ProfileId=051205&sourceType=1 Trimax Corporation and its wholly owned subsidiary, PLC Network Solutions Inc. (PLC) (OTC BB: TMXO), a leading provider of Broadband over Powerline (BPL) communication technologies, announced today that it has signed a Memorandum Of Understanding to establish a joint Saudi/Canadian company with the A.B Group based in Riyadh, Kingdom of Saudi Arabia. The A.B Group has significant holdings in The Kingdom of Saudi Arabia and maintains high level relationships throughout the government and business sectors in KSA and the surrounding middle eastern countries.
The basis of the joint venture is to design, build, deploy and operate the latest Broadband over Powerline communication technology throughout a majority of the Saudi's urban centers. The implementation of a BPL network significantly reduces the capital expenditure costs of deployment by utilizing the existing electrical infrastructure. BPL is like a fiber optic extension to every electrical outlet in a building, without having to run new wires. The new-co will provide affordable high speed triple-play broadband services to utilities, government, institutions, business and residential users in order to meet the increasing demand for bandwidth throughout Saudi.
PLC Network Solutions was invited to Saudi Arabia in January to run a series of demonstrations and deploy a pilot project to confirm the quality and capability of its applications and services. The pilot been evaluated for the last 8 weeks with great success. Trimax/PLC will return to Saudi Arabia in the forthcoming weeks to run demo's with additional technologies including smart grid equipment as well as meters, surveillance cameras etc that were customized specifically for a client.
Derek Pepler, President, Trimax/PLC, commented, "Saudi Arabia is a strategic location for Trimax/PLC's BPL technology in the middle east. It is the top oil producing country and holds more than 25 per cent of the world's oil reserves. Saudi joined the WTO in December and is demonstrating its pledge to political and economic reform and receptiveness to foreign investment. Saudi is committed to diversifying their economy to build long-term prosperity for its people. One example of this is the $26.6-billion US state-of-the-art real estate development -- the King Abdullah Economic City, which is located on the Red Sea with 35 km of shoreline just north of Saudi's second largest city, Jeddah. The City will have a world-class seaport, industrial district, financial district, education zone, resorts and residential neighborhoods. The Economic City is hoping to attract some multi-national attention away from Dubai. The city will be ultra high tech and wired for fiber -- Trimax/PLC is optimistic that its BPL technology will be specified in the communications plan."
About Trimax/PLC Network Solutions Inc.
Trimax/PLC Network Solutions Inc. specializes in Broadband over Powerline (BPL) technologies. This technology has been successfully deployed in over 25 countries around the globe, in homes, apartments, office towers, schools, hotels, hospitals, museums and Government buildings. Trimax and PLC Network Solutions offers a range of broadband over power-line solutions, which includes offering secure 128kb high-speed Internet access, VoIP services and soon to be offered IPTV technology. The company believes that BPL will be the next widely accepted communications technology. Trimax and PLC Network Solutions anticipates that the company and its devices will be at the fore front of this new technology revolution, which will include expanding its reach throughout the world.
For More Information Please Visit (http://www.plcnetsolutions.com/)
Safe Harbor
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (The "Act"). In particular, when used in the preceding discussion, the words "pleased" "plan," "confident that," "believe," "expect," or "intend to," and similar conditional expressions are intended to identify forward looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, general acceptance of the company's products and technologies, competitive factors, the ability to successfully complete additional financings and other risks described in the company's SEC reports and filings.
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Trimax/PLC Network Solutions Finalizes Agreement to Install Its Broadband Over PowerLine Technology in the Hotel Combermere, Shimla, India
2006-03-02 06:00 ET - News Release
TORONTO -- (MARKET WIRE) -- 03/02/06
http://at.marketwire.com/accesstracking/AccessTrackingLogServlet?PrId=111781&ProfileId=051205&sourceType=1 Trimax Corporation (OTC BB: TMXO), and its wholly owned subsidiary, PLC Network Solutions ("PLC"), a leading provider of Broadband over Powerline (BPL) communication technologies, today announced that it has closed on its LOI and finalized an agreement with the Hotel Combermere located in Shimla, India, to install its Broadband over PowerLine (BPL) devices and bundled services.
Trimax/PLC signed an LOI with the Hotel Combermere in early January. Since that time the Hotel has completed its due diligence, evaluating the many benefits of BPL technology including speed, security, scalability and cost effectiveness. PLC's Business Development Reps are traveling through India in March, meeting with interested parties and demonstrating the benefits of BPL technology.
The Hotel Combermere deployment will also serve as a showcase for PLC's BPL technology where potential customers, government officials and channel partners will have an opportunity to evaluate the BPL equipment and its applications.
Located on the outskirts of the Himalayas, The Hotel Combermere is a 4-Star Deluxe business and leisure Hotel with 40 rooms and luxury suites that are equipped with personal bars, Jacuzzis and roof top gardens. Hotel Combermere recognized the need to enhance its existing communication services and chose Trimax/PLC's Broadband over PowerLine technology because of its low cost, minimum disruption to guests and feature rich applications. The solution offers scalable symmetrical broadband capable of speeds of 20-30 Mbps. The technology accommodates applications such as VoIP, Video on demand and IPTV, which can all be bundled on PLC's single plug-and-play BPL technology platform.
PLC Network Solutions anticipates India to be a major market for its BPL technology and is anticipating having its business aggressively expand within the country throughout the year. The Government of India has recognized the effect that ubiquitous Broadband service has on growth of GDP and enhancement in quality of life through net-education, web-medicine, e-government and entertainment. The government has recently finalized a policy to accelerate the growth of broadband connections throughout India.
About PLC Network Solutions Inc.
PLC Network Solutions Inc. is a provider of leading Broadband over PowerLine (BPL) communication technologies. BPL is a disruptive communications technology that turns the existing ubiquitous power line infrastructure and common electrical wiring in commercial and residential buildings into a high-bandwidth network. PLC Network Solutions specializes in the development, distribution, implementation, and servicing technologies that use the power grid to deliver 128-bit encryption high-speed symmetrical broadband for data, voice and video transmission, simultaneously on a single platform, to every electrical outlet throughout the home or business. PLC's BPL technology uses the existing electrical wiring as a "smart" network to connect computers, printers, faxes, entertainment systems, etc. within the home or office. Installation is usually implemented in a matter of hours or days instead of weeks or months and avoids the expense and disruption of burying cables or tearing apart walls to run new wires, which is necessary for other broadband access technologies. This technology has been successfully deployed in over 25 countries around the globe, in homes, apartments, office towers, schools, hotels, hospitals, museums and government buildings.
For More Information on PLC Please Visit (http://www.plcnetsolutions.com/)
For More Information on The Hotel Combermere Visit (http://www.hotelcombermere.com/index.html)
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (The "Act"). In particular, when used in the preceding discussion, the words "pleased," "plan," "confident that," "believe," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, general acceptance of the Company's products and technologies, competitive factors, the ability to successfully complete additional financings and other risks described in the Company's SEC reports and filings.
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