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Microbridge Completes $5 Million Extension Round of Funding From an International Syndicate of Investors, Raises $12.5 Million to Date.



MONTREAL -- Microbridge, the leading manufacturer and licensor of next step electronic calibration products and solutions, announced it closed a planned extension of its Series B equity financing Equity Financing

The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation.
, raising an additional US$5 million in venture capital and US$12.5 million to date. An international syndicate of investors contributed to the round, including: Zon Capital Partners, L.P. of New Jersey; BDC (Backup Domain Controller) In a Windows NT server, a copy of the Primary Domain Controller (PDC). The BDC is periodically synchronized with the PDC. See PDC.

BDC - Backup Domain Controller
 Venture Capital of Canada Noun 1. capital of Canada - the capital of Canada (located in southeastern Ontario across the Ottawa river from Quebec)
Canadian capital, Ottawa

Ontario - a prosperous and industrialized province in central Canada
; Fonds de Solidarite des Travailleurs du Quebec of Canada; Lothian Partners 27 (Sarl) SICAR of Luxembourg (advised by Multiple Capital, Inc.); and Schneider Electric Schneider Electric (Euronext: SCHN) is a French global company. It was founded in 1836 by two brothers, Joseph and Adolphe Schneider, who took over a troubled foundry at Le Creusot.  Ventures of France. Microbridge provides the first integrated resistor resistor, two-terminal electric circuit component that offers opposition to an electric current. Resistors are normally designed and operated so that, with varying levels of current, variations of their resistance values are negligible (see resistance).  calibration products (Rejustor[TM]) and temperature compensation solutions for analog circuit analog circuit, electronic circuit that operates with currents and voltages that vary continuously with time and have no abrupt transitions between levels. Generally speaking, analog circuits are contrasted with digital circuits, which function as though currents or  designs and production in the consumer, automotive, medical and other industries.

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 This article or section needs copy editing for grammar, style, cohesion, tone and/or spelling.
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, 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 The world of analog. When something is done in the analog domain, it implies the manipulation of electronic waveforms. Contrast with digital 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 Michael Foster could be
  • Michael Foster (physiologist) (1836–1907), British physiologist and Member of Parliament (MP)
  • Michael Jabez Foster (born 1946), British politician, MP for Hastings and Rye
, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , 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.

About Microbridge

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, jromano@highgroundinc.com or visit www.mbridgetech.com. Companies with product inquiries can contact Microbridge at sales@mbridgetech.com and licensing inquiries can be answered at license@mbridgetech.com.

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 venture investing

The acquiring of a stake in a start-up company by a brokerage firm or analyst by obtaining discounted, pre-IPO shares. Critics claim venture investing causes analysts to have a vested interest in seeing a stock appreciate in value and so
 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
See also: Princeton Township, New Jersey

Princeton, New Jersey is located in Mercer County, New Jersey, United States. Princeton University has been sited in the town since 1756.
 with offices in Radnor, Pennsylvania Like many of the elite communities of Philadelphia's Main Line, Radnor is a picturesque enclave in Radnor Township, Pennsylvania in Delaware County. Part of Radnor is also in Tredyffrin Township, Pennsylvania in Chester County. . 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 capital assets n. equipment, property, and funds owned by a business. (See: capital, capital account)  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 QFL Quebec Federation of Labour (Canada)
QFL Queensland Football League
QFL Quoted for Lies (internet slang)
QFL Qualified Products List
 is a development capital fund that through its RRSP See Registered Retirement Savings Plan.

RRSP

See registered retirement savings plan (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 North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . 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.
Publication:Business Wire
Geographic Code:1CANA
Date:Feb 12, 2007
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