Optosecurity secures $6.9 million of bank financing
A company developing breakthrough security products that improve the performance of checkpoint security systems...
Optosecurity secures $6.9 million of bank financing
National Bank of Canada and Optosecurity sign financing agreement
Québec, June 17 2008 – Optosecurity Inc., http://www.optosecurity.com/, a company developing breakthrough security products that improve the performance of checkpoint security systems, is announcing today the signing of a significant financing agreement with National Bank of Canada (“National Bank”), the leading bank in Quebec and a major player in other selected markets in Canada and around the world.
Under the agreement, National Bank will be providing $6.9 million in various credit facilities, including export operating credits and R&D tax credits financing.
“I am very pleased that National Bank is expanding its partnership with us. They have supported us since the beginning.” said Éric Bergeron, President and CEO of Optosecurity. “The credit facilities will support our financial needs during the commercialization period, in addition to financing our R&D tax credits” stated Charles Laflamme, CFO of Optosecurity.
About Optosecurity Inc.
Optosecurity Inc. develops breakthrough security products that improve the performance of checkpoint X-ray screening systems, empowering security personnel to work more efficiently and consistently to detect and identify potential threats, such as dangerous liquids and weapons.
For additional information please contact:
Mark Scott
Senior Advisor
mscott@optosecurity.com
1.866.281.3240
514.402.0272
About National Bank of Canada
National Bank of Canada is an integrated group which provides comprehensive financial services to consumers, small and medium-sized enterprises and large corporations in its core market, while offering specialized services to its clients elsewhere in the world. The National Bank offers a full array of banking services, including retail, corporate and investment banking. It is an active player on international capital markets and, through its subsidiaries, is involved in securities brokerage, insurance and wealth management as well as mutual fund and retirement plan management. National Bank has more than $123 billion in assets and, together with its subsidiaries, employs 17,093 people. The Bank’s securities are listed on the Toronto Stock Exchange (NA:TSX). For more information, visit the Bank’s website at www.nbc.ca.
