News Feed Item

Trimax Corporation Signs LOI for Acquisition of Cybersonics Technologies Inc.

Trimax Corporation Signs LOI for Acquisition of Cybersonics Technologies Inc.

TORONTO -- (MARKET WIRE) -- 04/17/07 -- Trimax Corporation (OTCBB: TMXO), providers of Broadband over Power Line (BPL) communication technologies which transform a building's electrical wiring and all electrical outlets into a high-speed broadband network, announced today that it has signed a letter of intent for the acquisition of Cybersonics Sound Technologies Inc. Trimax anticipates the acquisition to close within the next four weeks.

By acquiring Cybersonics, a revenue producing company, Trimax/PLC gains an experienced management and operations team with expertise developing international corporate broadcast networks and customized advertising for shopping centers, large retailers, auto dealerships and the hospitality industry. Cybersonics has over a decade of R&D expertise developing proprietary software and hardware communications technology for 'turn-key' web-based private broadcast networks.

Founded in 1994, Cybersonics is privately held with a unique and focused experience in corporate audio and visual communications. Cybersonics provides site-specific, customized, real-time content that enables marketers to brand, target and communicate more effectively with the public using fully integrated Point of Purchase and Multi-Media Marketing Systems. With over a decade of profitable business behind them, Cybersonics operates from its offices and digital studios in Mississauga, Ontario. Cybersonics works in partnership with its clients, from the design, manufacture and installation of systems through the creation, production, scheduling and distribution of media.

"By introducing Broadband over PowerLines as an internal distribution platform for Cybersonics' custom multi-media management solutions, we have created an evolutionary breakthrough in our ability to quickly and inexpensively install communication networks," said Jim Addario, founder and CEO of Cybersonics. "BPL connectivity allows us the ease, flexibility and option of installing components such as Digital Signage on an isolated network, separate from the main PoS and inventory systems if required. This can be accomplished in virtually any location that has an electrical circuit, eliminating the expense and disruption of running cable drops. By using BPL, a proven, innovative and scalable IP platform, to network real-time managed point-of-purchase marketing systems, Cybersonics achieves significant efficiencies and is better positioned to deliver rapid, low-cost, fully integrated marketing and communication networks to our existing clients and capitalize on many 'price sensitive' opportunities we have been cultivating," Addario added.

The digital signage industry has reached the stage in its evolution where marketers, retailers, government, entertainment and other public venue managers are starting to realize the impact and efficiencies that dynamic signage is having now and will have in the future, and they are quickly getting with the times. From its current level of $10.8 billion, Industry analysts expect the worldwide market for digital signage and professional displays will grow to $12.7 billion by 2010. (source: isuppli Corporation)

Derek Pepler, President and CEO of Trimax, stated, "We are very excited about the union of Trimax and Cybersonics. We have been working closely together since 2006 and realize the possibilities of being able to leverage each other's expertise, technology, resources and relationships to execute our joint strategic plan. The synergies of both company's technologies will combine to offer our clients a customized feature-rich, versatile, portable and cost-effective IP networked applications bundle. We offer one stop shopping for plug-and-play networked digital signage, media content management, internet connectivity, point-of-sale systems, VoIP telephones, surveillance cameras, kiosks, wireless access points, alarm systems, energy monitoring and meter reading systems that are customized across a number of industries. We look forward to delivering on the promise of this acquisition and building value for our shareholders."

About Trimax / PLC

Trimax and its wholly owned subsidiary, PLC Networks Inc., are providers of Broadband over Power Line (BPL) communication technologies. Trimax/PLC specializes in the development, distribution, implementation, and servicing technologies that use the power grid to deliver 128-bit encrypted high-speed symmetrical broadband for data, voice and video transmission. BPL is a disruptive communications technology that transforms the existing ubiquitous power line infrastructure and common electrical wiring in commercial and residential buildings into a high-bandwidth network. Broadband is delivered simultaneously on a single platform, to every electrical outlet throughout the home or business. To connect, users simply plug a modem into any electrical outlet, and plug their computer, phone, security camera or IP device into the modem.

Statements included in this release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties such as competitive factors, technological development, market demand and the Company's ability to obtain new contracts and accurately estimate net revenues due to variability in size, scope and duration of projects, and internal issues in the sponsoring client. Further information on potential factors that could affect the Company's financial results, can be found in the Company's Annual and Quarterly Filings and in its Reports on Forms 8-K filed with the Securities and Exchange Commission (SEC).

For more information please visit (http://www.plcnetworksinc.com/) (http://plcnetsolutions.com/)

Trimax Corporation
Investor Relations
Tel: 416-368-4060
Toll Free: 1-877-368-4060
Email: [email protected]

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
IBM helps FinTechs and financial services companies build and monetize cognitive-enabled financial services apps quickly and at scale. Hosted on IBM Bluemix, IBM’s platform builds in customer insights, regulatory compliance analytics and security to help reduce development time and testing. In his session at 20th Cloud Expo, Tom Eck, Industry Platforms CTO at IBM Cloud, will discuss how these tools simplify the time-consuming tasks of selection, mapping and data integration, allowing developers ...
Most DevOps journeys involve several phases of maturity. Research shows that the inflection point where organizations begin to see maximum value is when they implement tight integration deploying their code to their infrastructure. Success at this level is the last barrier to at-will deployment. Storage, for instance, is more capable than where we read and write data. In his session at @DevOpsSummit at 20th Cloud Expo, Josh Atwell, a Developer Advocate for NetApp, will discuss the role and value...
In order to meet the rapidly changing demands of today’s customers, companies are continually forced to redefine their business strategies in order to meet these needs, stay relevant and continue to see profitable growth. IoT deployment and development is integral in this transformation, and today businesses are increasingly seeing the value of investing their resources into IoT deployments. These technologies are able increase ROI through projects such as connecting supply chains or enabling sm...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend @CloudExpo | @ThingsExpo, June 6-8, 2017, at the Javits Center in New York City, NY and October 31 - November 2, 2017, Santa Clara Convention Center, CA. Learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.
As enterprise cloud becomes the norm, businesses and government programs must address compounded regulatory compliance related to data privacy and information protection. The most recent, Controlled Unclassified Information and the EU’s GDPR have board level implications and companies still struggle with demonstrating due diligence. Developers and DevOps leaders, as part of the pre-planning process and the associated supply chain, could benefit from updating their code libraries and design by in...
SYS-CON Events announced today that EARP Integration will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. EARP Integration is a passionate software house. Since its inception in 2009 the company successfully delivers smart solutions for cities and factories that start their digital transformation. EARP provides bespoke solutions like, for example, advanced enterprise portals, business intelligence systems an...
SYS-CON Events announced today that Outscale, a global pure play Infrastructure as a Service provider and strategic partner of Dassault Systèmes, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Founded in 2010, Outscale simplifies infrastructure complexities and boosts the business agility of its customers. Outscale delivers a secure, reliable and industrial strength solution for its customers, which in...
SYS-CON Events announced today that Progress, a global leader in application development, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Enterprises today are rapidly adopting the cloud, while continuing to retain business-critical/sensitive data inside the firewall. This is creating two separate data silos – one inside the firewall and the other outside the firewall. Cloud ISVs oft...
As cloud adoption continues to transform business, today's global enterprises are challenged with managing a growing amount of information living outside of the data center. The rapid adoption of IoT and increasingly mobile workforce are exacerbating the problem. Ensuring secure data sharing and efficient backup poses capacity and bandwidth considerations as well as policy and regulatory compliance issues.
The 21st International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Machine Learning and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding busin...
Internet of @ThingsExpo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 21st International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @ThingsExpo Silicon Valley Call for Papers is now open.
SYS-CON Events announced today that Interoute has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Interoute is the owner operator of Europe's largest network and a global cloud services platform, which encompasses over 70,000 km of lit fiber, 15 data centers, 17 virtual data centers and 33 colocation centers, with connections to 195 additional partner data centers. Our full-service Unifie...
SYS-CON Events announced today that Twistlock, the leading provider of cloud container security solutions, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Twistlock is the industry's first enterprise security suite for container security. Twistlock's technology addresses risks on the host and within the application of the container, enabling enterprises to consistently enforce security policies, monitor...
Interested in leveling up on your Cloud Foundry skills? Join IBM for Cloud Foundry Days on June 7 at Cloud Expo New York at the Javits Center in New York City. Cloud Foundry Days is a free half day educational conference and networking event. Come find out why Cloud Foundry is the industry's fastest-growing and most adopted cloud application platform.