FOR IMMEDIATE RELEASE
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 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 BoardTM connectivity solutions for semiconductor packaging and data transfer applications. Through the integration of our uniquely innovative and proprietary LightABLETM 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. For more information please visit http://www.reflexphotonics.com/.
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 Gary Moskovitz
Reflex Photonics Inc.
President and Chief Executive Officer
gmoskovitz@reflexphotonics.com
Tel: (650) 632-4557