Microbridge Completes $5 Million Extension Round of Funding From an International Syndicate of Investors, Raises $12.5 Million to Date.
Microbridge provides advantages for manufacturers of existing products and designers of current and future products. Manufacturers can improve margins, increase yields up to 30% and reduce scrap up to 50% while returning millions of dollars in production savings. The firm allows manufacturers to reduce in-line manufacturing process steps by eliminating binning, workarounds, laser trimming, hand-sorting and trim-pots, while reducing calibration costs by a factor of 10 without sacrificing performance. Microbridge enables product designers to achieve one-step calibration, passive adjustment, adaptive in circuit calibration in the analog domain to improve the design of current and future electronics and sensor products.
"An internationally-renowned group of investors provided the extension round in recognition of the progress Microbridge has made in the market," said Michael Foster, President and CEO, Microbridge. "The financing provides additional capital to rapidly expand our sales and marketing activities on the standard product, application specific standard product and custom product fronts, as well as increase our strategic alliance and licensing activities. The Rejustor products and technology are established in the marketplace and we will leverage this success to build a world-class company with our international venture partner group," Foster added.
Microbridge is the leading manufacturer and licensor of next step electronic calibration products and solutions in the consumer, automotive, medical and other industries that need to improve manufacturing yields and productivity, and enter new markets. Microbridge's resistor calibration products (Rejustor[TM]) and enabling technology are the first integrated calibration and temperature compensation systems for analog circuit designs and production. The firm enables manufacturers to: cut scrap up to 50%; reduce in-line manufacturing process steps; eliminate binning, work-arounds, laser trimming, hand-sorting and trim-pots; decrease calibration costs by a factor of 10 without sacrificing performance; and return millions of dollars in production savings.
Microbridge's technology enables product designers to achieve one-step calibration and passive adjustment, is adaptive and adjustable in circuit, and it allows calibration in the analog domain to improve the design of current and future products.
For more media inquiries, contact Joe Romano, Partner, HighGround, Inc., +1 781-279-1320 x 208, firstname.lastname@example.org or visit www.mbridgetech.com. Companies with product inquiries can contact Microbridge at email@example.com and licensing inquiries can be answered at firstname.lastname@example.org.
About Zon Capital Partners
Zon Capital invests in expansion stage software, communications, semiconductor and business services companies. Zon leverages the extensive operating and venture investing experience of the three principals to partner with seasoned entrepreneurs and help them build valuable businesses. Zon Capital is a venture capital fund headquartered in Princeton, New Jersey with offices in Radnor, Pennsylvania. The fund makes initial investments of $1-2 million in companies, primarily located in the Mid-Atlantic region of the US. www.zoncapital.com
About BDC Venture Capital
BDC Venture Capital is a major venture capital investor in Canada, active at every stage of the company's development cycle, from seed through expansion, with a focus on technology-based businesses that have high growth potential and that are positioned to become dominant players in their markets. BDC Venture Capital has been involved in venture capital since 1975 and has to date invested in more than 400 different companies. It currently manages approximately $550 million in venture capital assets invested in the areas of Life Sciences, Telecommunications, Information Technology, Advanced Technologies and Funds Investments. (www.bdc.ca)
About Fonds de solidarite des travailleurs du Quebec (F.T.Q.)
With assets of over $5.5 billion, the Solidarity Fund QFL is a development capital fund that through its RRSP channels the savings of Quebecers to help create and maintain jobs in companies and contribute to the economic development of Quebec. The Fund currently has over 555,000 shareholders and has helped, either on its own or with other financial partners, create maintain and support over 96,000 jobs. For more information, visit www.fondsftq.com.
About Lothian Partners 27 (Sarl) SICAR and Multiple Capital Inc.
Multiple Capital Inc. is a venture capital management firm, specializing in the value creation and monetization of high technology portfolios. The firm currently oversees approximately 200 million dollars in private and public securities for Lothian Partners 27 (Sarl) SICAR, an affiliate of Coller Capital of London, UK. To find out more, please visit the company web site at www.multiplecapital.ca.
Schneider Electric Ventures
Founded in 2000, Schneider Electric Ventures is a Paris-based Corporate VC Firm sponsored by Schneider Electric, a $15 billion company. With $60 million under management, Schneider Electric Ventures usually invests $0.5 to $4 million with a special focus on start-ups and early-stage companies. Its investment strategy is clearly oriented towards three main fields:
* Enabling Technologies (such as Microelectronics, Nanotechnologies, Smart Materials and Opto-electronics);
* Emerging Technologies (such as Wireless Communication, Micro-generation of electricity and Sensors);
* New Software, Services and Networking applications (in Energy and Industry).
Generally acting as co-investor, Schneider Electric Ventures is highly involved in its investments during their growth by bringing support, strategic values and access to its sponsor's networks and markets. To date, Schneider Electric Ventures has invested in over 14 companies in Europe and North America. For more information, visit www.schneider-electric-ventures.com.
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|Comment:||Microbridge Completes $5 Million Extension Round of Funding From an International Syndicate of Investors, Raises $12.5 Million to Date.|
|Date:||Feb 12, 2007|
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