CDP Capital - Technology Ventures Leads $9.3 Million Funding for The Telemetry Co.Business Editors MONTREAL--(BUSINESS WIRE)--May 2, 2002 A group led by CDP CDP (cytidine diphosphate): see cytosine. (1) (Certificate in Data Processing) An earlier award for the successful completion of an examination in hardware, software, systems analysis, programming, management and accounting, Capital - Technology Ventures (formerly CDP Sofinov), including First Capital Group and E2 Venture Fund, announced today that they have invested US$6.3 million in The Telemetry telemetry Highly automated communications process by which data are collected from instruments located at remote or inaccessible points and transmitted to receiving equipment for measurement, monitoring, display, and recording. Co. (TTC TTC Trying To Conceive TTC Toronto Transit Commission TTC Trans Texas Corridor TTC Toutes Taxes Comprises (French) TTC Trident Technical College (North Charleston, SC) TTC Temporary Traffic Control ), alongside US$3.0 million invested by existing shareholders and strategic partners. TTC, based in Dallas, develops and markets proprietary wireless monitoring solutions for fixed assets fixed assets npl → activo sg fijo fixed assets npl → immobilisations fpl fixed assets fix npl → in defined vertical markets. The current investment will provide the company with the capital to expand its two existing businesses and launch a third one. Through its Certicom Security subsidiary, TTC is already involved in remote facilities monitoring for service stations, convenience stores The following is a list of convenience stores organized by geographical location. Stores are grouped by the lowest heading that contains all locales in which the brands have significant presence. and fast food outlets. Via its Applied Metering Technologies subsidiary, TTC is also involved in copier monitoring for such customers as IKON Office Solutions IKON Office Solutions (NYSE: IKN) is a Fortune 500 company based in Malvern, Pennsylvania. Formerly part of ALCO Standard. IKON integrates copy machines and fax systems to assist businesses. , Xerox, and Savin savin a neurotoxic war gas similar to organophosphorus insecticides but considerably more toxic, as demonstrated in the Tokyo subway massacre in 1995. . With this offering, TTC is launching an energy-monitoring subsidiary that will focus initially on specialized metering applications. This investment confirms that TTC has demonstrated a strong demand for its specialized, vertical market monitoring solutions, as well as the ability of its core technology to migrate quickly in service of new markets. "We are very interested in the current growth prospects of the wireless device monitoring sector, and believe that TTC has demonstrated a clear capability to develop and market solutions to targeted vertical segments that meet needs in a cost-effective manner," said Denis Denis, king of Portugal: see Diniz. Dionne, President, CDP Capital - Technology Ventures. "We look forward to working with TTC to fund the growth of their existing and future businesses." About CDP Capital - Technology Ventures CDP Capital - Technology Ventures (formerly CDP Sofinov), member of CDP Capital, offers strategic financing to innovative companies based on leading-edge technologies. The Company is also developing partnerships with venture capital funds Venture Capital Funds An investment fund that manages money from investors seeking private equity stakes in small and medium-size enterprises with strong growth potential. Notes: in Canada, the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Europe. CDP Capital - Technology Ventures has a portfolio of 208 investments in biotechnology and life sciences, information technologies and industrial technologies. Its portfolio is valued at close to $1.6 billion. CDP Capital, Canada's leading fund manager, manages over $133 billion in assets and regroups the activities of CDP Capital - World Markets, CDP Capital - Private Equity and CDP Capital - Real Estate Group. With its experienced managers in global markets, CDP Capital offers to CDP and to other clients in Canada and around the world a complete range of fund management services. About First Capital Group First Capital Group is a private investment firm that provides equity capital to companies that fall into three general investment categories: early-stage, expansion-stage, and management buyouts and special situation investments in small and middle-market companies at more mature growth stages. The firm concentrates on companies engaged in a variety of industries throughout Texas and the Southwest. Total capital under management exceeds $150 million. About E2 Venture Fund E2 Venture Fund (E2) is a venture capital pool dedicated to investments in the alternative energy and efficiency-related technology sectors. Based in Toronto, E2 is administered by Triax Capital, with assets of over $1.0 billion. E2 is managed by Meridian Advisors, member of The Quantum Leap Company, a leading advisor and private equity investor focused on building value in energy and efficiency. |
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