MMVF Twitter
Financing Solutions that Fit
Vancouver, Canada -- fSONA Communications Corporation, a leading provider of broadband optical wireless systems for "the last mile", and MM Venture Partners, a leading technology investor, today announced the completion of a US$4.5 million investment in fSONA.

fSONA has developed one of the industry's leading laser-based, optical wireless transceiver technologies. This technology forms the cornerstone of the SONAbeam series of products and is designed to provide transmission links with speeds of up to 1.25 Gbps, over distances of up to 4km. SONAbeam has been developed to enable connectivity with all major high-speed telecommunications standards (Fast Ethernet, SONET/SDH, ATM, Fiber Channel and Gigabit Ethernet), while maintaining the ability to be deployed in less than 24 hours.

"We are highly pleased to have MM Venture Partners come on board as a venture investor" said Theresa Carbonneau, President and Chief Executive Officer of fSONA. "MM Venture Partners' investment not only further enhances fSONA's financial firepower, but also gives us access to their formidable network of contacts within the venture business".

"fSONA's strategy of providing a highly reliable, low cost and eye-safe solution is set to place the SONAbeam ahead of other comparable solutions" said Ron Patterson of MM Venture Partners. "fSONA is ideally positioned at the forefront of Free Space Optical Communications, a market that is set to grow exponentially over the next few years".

SONAbeam systems are aimed at meeting the rising global demand for inexpensive Internet connections and enterprise-level corporate LAN extensions, where wire-line technology is either unavailable or too costly to install. Currently, more than 97 percent of all office buildings in the U.S. are without broadband connections, either as a result of the high cost of installation or the impracticality of fiber optic cabling.

About fSONA Communications Corporation
A privately held corporation, fSONA is headquartered in Richmond, British Columbia. The company recently began production of its SONAbeam family of advanced optical wireless transceivers for reliable high-volume, high-speed wireless communications in virtually all weather conditions. fSONA has an exclusive license from British Telecom to manufacture transceivers capable of carrying information at speeds as high as 1.25 gigabits -- one and a quarter billion bits of information -- per second across free space to receiver terminals as far apart as four kilometers (2.5 miles). For further information please visit

About MM Venture Partners
MM Venture Partners is the General Partner of the $150 million GATX/MM Venture Finance Partnership. This privately held venture capital fund focuses exclusively on public and private technology companies in Canada. MM Venture Partners has focused specifically on a niche in the capital markets by providing venture debt financing to Canadian information technology and biotechnology companies. The fund's partner, San Francisco based GATX Capital Corp., is a global diversified investor. For further information please visit

For more information, please contact:

fSONA Communications Corporation
Mike Penner, VP Finance
Tel: 604-664-7772

MM Venture Partners
Ron Patterson, Partner
Tel: 416-977-9718
Posted in: Communications

MMV :: 370 King Street West, Suite 442 Toronto ON M5V 1J9 Canada