Bedford, Massachusetts and Toronto, Ontario – EM4 Inc., a premier U.S. manufacturer of optoelectronic components for the U.S. industrial and defense industries, today announced the completion of US $2 million venture loan financing from MMV Financial Inc.
EM4 will use the proceeds from the financing for general working capital needs; it will also expand its delivery team so it can benefit from the growing needs of optical components in the Military and Defense industry.
EM4 is a recognized leader in providing optical components for the US defense industry which requires suppliers to meet very exacting specifications and qualifications.” said Ron Patterson, Executive Vice President, MMV Financial Inc. “MMV is very excited about working with EM4 to grow it into a major player in the US defense market."
“This financing will provide EM4 more resources to deliver on the contracts it has in hands and allows us to deliver on the market opportunity that is presenting to us” said Basil Garabet, co-founder and Chief Executive Officer of EM4. “Support from prominent investors such as MMV is a great validation of our offering and business model, and we are extremely pleased to have added MMV to our high caliber group of investors.”
About EM4, Inc.
EM4, Inc., and its wholly owned subsidiary EM4 Defense, designs, develops and manufactures state-of-the-art, optoelectronic components and sub-systems for the Defense, Homeland Security and Industrial markets. EM4 offers both Commercial-Off-the-Shelf (COTS) optoelectronic modules and unique Optoelectronic Design and Manufacturing Services (ODMS). EM4 Defense is US based and ITAR registered.
About MMV Financial, Inc.
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, Fonds de Solidarite des Travailleurs du Quebec, NewStar Financial Inc., ROI Capital, and Wells Fargo Company. For more information please visit www.mmvf.com.
MMV Financial Inc.
Executive Vice President
Tel: (416) 977-9718 x 223
Fax: (416) 591-1393
CEO & Co-founder
Tel: (781) 275-7501 x 223