Maetta Sciences Inc.

Maetta Sciences Inc.

March 30, 2010 07:00 ET

Maetta Sciences Closes Financing of 1.6 M$

BOUCHERVILLE, QUEBEC--(Marketwire - March 30, 2010) - Maetta Sciences, Canadian specialist in Metal Injection Molding is pleased to announce the closing of a private financing of 1.6M$. All shareholders of the company participated in the financing: Caisse de dépôt et placement du Québec, European Fund Manager ACE Management through FCPR AEROFUND, FIER Longueuil, Fonds Soutien Longueuil and, Investissement MSCI.

Mr. Pierre-Georges Roy, Chairman of the Board:

« Although Maetta was initially involved in aerospace, its expansion in the medical sector in Europe and in the US is accelerating. All the shareholders of the company have contributed to this round of financing. This confirms their trust in the team and in the future of the company ».

Mr. Yvan Beaudoin, President and CEO :

« The interest for our technology in the medical sector is phenomenal mainly because of the substantial cost reduction and new design possibilities it brings. We work with leading European and US orthopaedic companies on key projects. This financing will allow for the rapid growth required to meet our clients' rising demand and the completion of products aimed at the medical and aerospace sectors. We also plan to hire personnel to meet the increase in sales. »

Maetta is specialized in the development of net-shape manufacturing technologies based on powder injection molding. The company collaborates in the design and manufactures to final shape complex parts that provide improved functionality and significant cost reduction to its customers via its proprietary metal injection molding process (MIM). www.maetta.ca.

About ACE Management

ACE Management is a portfolio management specializing in private capital investment in technology companies around the sectors of the Aerospace, Defence and Security. ACE Management advises or manages eight investment vehicles representing more than 450 million dollars in capital on behalf of industrial and financial leaders that include: EADS, Airbus, Safran and Fonds de Solidarite des Travailleurs du Quebec (FSTQ). ACE Management invests in companies with high technology content, strong growth potential and able to play a role in structuring their business segment. It supports in particular the consolidation and development of first and second tier sub-contractors in the field of aeronautics.

About FIER Longueuil

FIER Longueuil is a member of the Fonds d'Intervention Économique Régionaux. It invests in companies of various sectors with the potential for strong growth and returns.

About Fonds Soutien Longueuil

Fonds Soutien Longueuil provides financial assistance to the creation and expansion of companies, and the improvement of working capital. Investment in equity and quasi-equity may reach $ 250 000.The CLD Longueuil acts as manager of the fund.

Contact Information