Trimax Corporation Signs Joint Partnership MOU With Saudi Arabian Company, A.B Group
By: Marketwire
Feb. 27, 2006 12:00 PM
TORONTO -- (MARKET WIRE) -- 02/27/06 -- 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.
By: Marketwire
Feb. 27, 2006 12:00 PM
TORONTO -- (MARKET WIRE) -- 02/27/06 -- 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.
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