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Financing Solutions that Fit
Toronto, Canada -- DragonWave, a leading supplier of high-performance, next-generation, intelligent millimetre wave radios, secured US$2.25 million in venture debt financing from the GATX/MM Venture Finance Partnership.

DragonWave's industry-leading team has developed a breakthrough technology platform that enables cost-effective mass production of sophisticated radio equipment for wireless broadband communications. The platform's flexibility allows DragonWave to provide solutions for the global cellular interconnect, metro extension, and broadband wireless marketplaces.

"The quality of DragonWave's team and the compelling value proposition of their technology have positioned them to become a leading millimetre wave radio provider," said Ron Patterson, Partner of MM Venture Partners. "We have a great deal of confidence in DragonWave's unique platform to provide the most cost effective solutions and effectively meet the needs of global communications equipment suppliers."

"This financing provides more working capital for DragonWave to quickly ramp our operations as we move from prototypes to customer-ready systems," said Jim Arseneault, President and CEO of DragonWave. "We are very pleased to have the GATX/MM Venture Finance Partnership on board. Their extensive technology expertise and strong credibility provides further validation for DragonWave."

About DragonWave Inc.
DragonWave Inc. is a premier supplier of high-performance, next-generation, intelligent millimetre wave radios. Our world-class staff of industry experts tackles radio development for the fixed broadband wireless access market. DragonWave's product family provides managed high-speed radio building blocks enabling gigabits per second through the air. DragonWave is headquartered in Ottawa, Canada's high technology capital. For further information please visit

About GATX/MM Venture Finance Partnership
The GATX/MM Venture Finance Partnership is a privately held, venture-debt fund that focuses exclusively on private technology companies in Canada. The Partnership focuses specifically on Canadian information technology and biotechnology companies. The partnership comprises MM Venture Partners, founded in 1998 in Toronto and GATX Venture Finance. San Francisco based GATX Venture Finance is a unit of GATX Financial Corporation, a wholly owned subsidiary of GATX Corporation (NYSE: GMT). For further information please visit and

For Further Information Contact:

DragonWave Inc.
Ron Blair, Chief Financial Officer
Tel: 613-599-9991

MM Venture Partners
Ron Patterson, Partner
Posted in: Communications

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