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Reflex
Photonics Inc. Secures US $2 Million From MMV Financial Inc.
Montreal, QC – September 25, 2007 –
Reflex Photonics Inc., a developer of extreme high speed opto-electronic
connectivity solutions, today announced, as part of an undisclosed
equity financing round, the completion of a US $2 million
venture loan financing from MMV Financial.
"We were impressed by REFLEX’s management team,
unique solutions and overall leadership position in the industry.
REFLEX is now recognized as one of the potential leaders of
interconnect solutions for high speed data transmission between
circuit boards.” said Jacques Perreault, Senior Vice
President, MMV Financial Inc. “With the use of our capital,
REFLEX will be able to get traction with clients and partners
in this very exciting market"
“This MMV financing will allow Reflex to quickly take
advantage of its growing marketplace momentum and expand our
sales and marketing activities while continuing to grow our
technology development team and facilities.” said Gary
Moskovitz, Chief Executive Officer, and President of REFLEX.
“We are very pleased with the enthusiasm and timeliness
that the MMV team demonstrated in their efforts to understand
our business opportunities and move the financing forward
with a sense of urgency that most other venture loan financing
providers have forgotten, clearly putting MMV ahead of the
pack.”
About Reflex Photonics
Reflex Photonics is an advanced developer of extreme high
speed (40 Gb/s to 1000 Gb/s), Light on Board™ connectivity
solutions for semiconductor packaging and data transfer applications.
Through the integration of our uniquely innovative and proprietary
LightABLE™ technology, we are focused on intra and inter
printed circuit board (PCB) applications ranging in distance
from 1 inch to 1000 feet, supporting all physical layer protocols.
Reflex Photonics products address the growing demand for high-speed
interconnects in enterprise-class storage/server infrastructure
resources and telecom-class switches/routers. Our products
enable equipment developers to design lower cost/price, smaller
size, lower powered systems incorporating higher fidelity/ultra
fast connectivity- all translating into lower end user costs
of ownership and faster/less costly installations. Founded
in 2002, Reflex Photonics, a privately-held company operating
both in Montreal, Quebec and Redwood Shores, California.
About MMV Financial
MMV Financial is a Toronto-based specialty finance company
providing creative debt solutions directly to technology and
life sciences companies across North America. MMV is backed
by top U.S. and Canadian private equity firms and financial
institutions including CCP Equity Partners, Caisse de dépôt
et placement du Québec, NewStar Financial Inc., and
Wells Fargo Company. For more information please visit www.mmvf.com.
Press Contacts
MMV Financial Inc.
Jacques Perreault
Senior Vice President
jperreault@mmvf.com
Tel: (514) 789-6425
Reflex Photonics Inc.
Gary Moskovitz
President and Chief Executive Officer
gmoskovitz@reflexphotonics.com
Tel: (650) 632-4557
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