FORM 6-K

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

Report of Foreign Issuer

Pursuant to Rule 13a-16 or 15d-16 of

the Securities Exchange Act of 1934

For the month of July, 2003

Perle Systems Limited
(Registrant's name)

60 Renfrew Drive, Suite 100

Markham, Ontario, Canada

L3R OE1

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F:

Form 20-F X Form 40-F

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes No X

Documents Included as Part of this Report
No.
Document

Press ~~Release~~release dated July 224, 2003 ~~concerning~~reporting ~~new~~Perle ~~debt~~First ~~arrangement~~to ~~with~~Incorporate ~~Royal~~3DES ~~Capital~~Encryption ~~Management~~into ~~Inc~~Console Server Range.

[COMPANY ~~PERLE~~ LOGO ]

~~FOR~~ Perle ~~IMMEDIATE~~Systems ~~RELEASE:~~First to Incorporate 3DES Encryption into Console Server Range
Perle Demonstrates Category Leadership with Powerful New ~~Debt~~Security ~~Arrangement~~Features ~~First~~ and ~~Step~~Added ofFunctionality ~~Capital~~for ~~Restructuring~~Even Easier Access to Remote Servers and Network Devices
~~Significant~~NASHVILLE, ~~dilution~~TN to- ~~current~~July ~~shareholders~~24, ~~likely~~2003 -
Demonstrating its continued leadership in the console server market, Perle Systems Limited), a developer and manufacturer of networking products for IP and e-business access, today announced a series of feature enhancements to its CS9000 Console Server, including the addition of 3DES encryption. Perle is the first vendor to incorporate 3DES encryption into a console server, enabling network administrators to encrypt and store an unlimited amount of data received from an attached network device in a file on a LAN based NFS server, and then view it at their convenience. With these and other enhancements, the CS9000 remains a cost-effective, feature rich solution for enterprise environments, Internet Service Providers, Application Service Providers and telecommunications companies looking to securely monitor, manage and support remote servers and network devices.

~~TORONTO~~"By adding features such as 3DES encryption to the Perle console server line, ~~CANADA~~end -users ~~July~~can 2take advantage of the highest levels of security available and enjoy seamless remote management and maintenance of multiple network devices," ~~2003~~said -Joe Perle, CEO of Perle Systems. "This ~~Limited~~gives ~~(OTCBB:~~the ~~PERL;~~network ~~TSE:~~administrator ~~PL),~~the option of encrypting sensitive data or allowing open access."

~~Under~~With ~~this~~3DES ~~arrangement~~encryption, ~~Royal~~the ~~Capital~~CS9000 ~~Management~~goes ~~Inc~~beyond remote and standard port buffering to provide the flexibility and convenience of remote data storage. ~~("Roycap")~~Now administrators can capture unlimited amounts of data from an attached network device, and securely transfer it using 3DES encryption to a ~~Toronto~~file ~~based~~on ~~merchant~~a ~~bank~~network ~~has~~based ~~purchased~~NFS server for ~~itself,~~later ~~and~~viewing. ~~related~~. ~~parties,~~This ~~all~~advance ofin ~~the~~console ~~Company's~~server ~~debt~~technology ~~previously~~means ~~held~~that byan ~~its~~administrator ~~bankers,~~does ~~including~~not ~~term~~need ~~debt~~to ~~and~~be ~~operating~~connected ~~credit~~to ~~lines,~~a ~~totaling~~network ~~approximately~~via ~~Cdn$25,300,000. Roycap~~a ~~has~~CS9000 ~~taken~~port ~~over~~during ~~the~~a ~~existing~~particular ~~Credit~~time ~~Agreement~~frame ~~formerly~~to ~~between~~access ~~the~~or ~~Company~~view ~~and~~data ~~its~~received ~~bankers~~during that time.

~~Roycap~~Other ~~has~~new ~~stated~~ease that it intends to present to the Company for its consideration, on or before August 31, 2003, a proposed plan to reorganize the Company's debt and capital structure. Subject to its statutory and fiduciary duties the Company has agreed to consider and negotiate, in good faith, the terms of ~~this~~use ~~plan.~~features In all likelihood this reorganization will be significantly dilutive to existing shareholders. The Company has also entered into a forbearance agreement with Roycap, with respect to any current or anticipated future defaults on the Credit Agreement between now ~~and~~available ~~the~~in ~~completion~~Perle ofCS9000 ~~these~~Console ~~negotiations,~~Servers ~~subject to earlier termination in certain circumstances.~~include:

~~Jean~~Easy ~~Noelting,~~Port Managing Director of Royal Capital Management Inc. stated, "This is a positive development for the company as it provides a framework to address debt issues during the forbearance period. We look forward to working with the company to proactively resolve these issues. Subject to a successful reorganization, Perle will have the capacity to take advantage of a marketplace that is now recovering." Access

~~Joe~~This ~~Perle,~~feature ~~Chief~~eliminates ~~Executive~~the ~~Officer~~guesswork offrom ~~Perle~~determining ~~said,~~which "Idevices amor ~~looking~~servers ~~forward~~are connected to ~~this~~each ~~new~~CS9000 ~~arrangement~~Console ~~with~~Server ~~Roycap,~~port. The ~~and~~latest ~~the~~firmware ~~opportunity~~enables a user to ~~address~~automatically ~~the~~connect ~~issues~~to ~~which~~a ~~have~~desired ~~constrained~~CS9000 ~~the~~port ~~Company~~via inTelnet ~~the~~or ~~past~~SSH. ~~Our~~ With ~~goal~~the ~~remains~~Easy toPort ~~better~~Access ~~serve~~menu, ~~our~~users ~~customers~~can ~~and~~toggle ~~channel~~between ~~partners~~communicating inwith ~~the~~a ~~short~~device ~~term~~ and ~~into~~viewing ~~the~~its ~~future~~associated local port buffer."

~~Company~~Line ~~Profile~~Access Rights

~~Perle~~Using ~~Systems~~an isinternal ~~a leading developer~~database, ~~manufacturer~~CS9000 ~~and~~administrators ~~vendor~~can ofnow ~~award-winning~~specify ~~networking~~which ~~products.~~ports ~~These~~users ~~products~~can ~~are used to~~ connect ~~remote users reliably and securely~~ to ~~central servers for a wide variety of e-business and general business applications~~. ~~Perle~~With ~~specializes~~the inflexibility ~~Internet~~to ~~Protocol~~assign ~~(IP)~~user ~~connectivity applications~~rights, ~~with an increasing focus on mid-size IP routing solutions. Product lines include routers, remote~~ access ~~servers,~~to ~~serial/console~~specific ~~servers,~~ports ~~emulation~~is ~~adapters,~~provided ~~multi-port~~only ~~serial~~for ~~cards, multi-modem cards, print~~ servers ~~and~~or ~~network~~devices ~~controllers.~~for ~~Perle~~which ~~distinguishes~~users ~~itself~~have ~~by its ownership of extensive networking technology~~responsibility, ~~depth~~delivering ofeven ~~experience~~greater incontrol ~~major network connectivity environments~~ and ~~long-term channel relationships in major world markets~~security. Perle Systems has offices and representative offices in 12 countries in North America, The United Kingdom, Europe and Asia and sells its products through distribution channels worldwide. Its stock is traded on the OTCBB (symbol PERL) and the Toronto Stock Exchange (symbol PL). For more information about Perle and its products, access the Company's Web site at http://www.perle.com.

~~Forward-looking~~The ~~statements~~CS9000 inConsole ~~this~~Server ~~release,~~comes ~~including~~standard statements relating to the Company's future growth prospects, future profits, anticipated revenue and earnings results and the success of the Company's growth and restructuring initiatives are made pursuant to the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, risks relating to the company's ability to successfully negotiate with ~~Roycap~~ a ~~plan~~lifetime towarranty ~~reorganize its debt~~ and ~~its~~free ~~capital~~60 ~~structure,~~day ~~the~~technical Company's ability to maintain compliance with the covenants contained in its credit agreement or any new credit agreement entered into with Roycap, early termination of the Forbearance Agreement with Roycap, the Company's ability to meet its sales forecasts while maintaining control over its costs, to continue to operate as a going concern, the Company's ability to manage growth, the Company's ability to successfully implement anysupport. ~~restructuring~~Optional ~~plan,~~maintenance ~~the~~agreements ~~impact~~are ofalso FASB 141 and FASB 142 on the Company's results of operations and financial condition, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence upon third party suppliers, intellectual property rights and other risks detailed from time to time in the Company's periodic reports filed with the United States Securities and Exchange Commissionavailable.

~~###~~About Perle Systems

~~Contacts: Derrick~~Perle ~~Barnett Vice~~Systems ~~President~~is a leading developer, ~~Finance~~manufacturer &and ~~CFO~~ vendor of high-reliability and richly featured networking products. These products are used to connect remote users reliably and securely to central servers for a wide variety of business applications. Perle ~~Systems~~specializes ~~Limited Phone: 905~~in Internet Protocol (IP) connectivity applications, including a focus on mid-~~946~~size IP routing solutions. Product lines include routers, remote access servers, serial/terminal servers, console servers, emulation adapters, multi-~~5034 Fax: 905~~port serial cards, multi-~~944~~modem cards, print servers and network controllers. Perle distinguishes through extensive networking technology, depth of experience in major real-~~2116~~ world network environments and long-term distribution and VAR channel relationships in major world markets. Perle has offices and representative offices in 13 countries in North America, Europe and Asia and sells its products through distribution channels worldwide.

~~SIGNATURES~~# # #

~~Pursuant~~Media ~~to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.~~Contacts:

~~Date: July~~Janice 3,Radosevic Perle ~~2003~~Systems 1-905-946-5085 jradosevic@perle.com

PERLE SYSTEMS LIMITED

By: /s/ Derrick Barnett

Derrick M. Barnett

Vice-President, Finance and Chief Financial Officer

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