SOURCE: Bridge Capital Holdings

Bridge Capital Holdings

April 07, 2011 16:30 ET

Bridge Bank Extends $7 Million in Financing to Fluidigm Corporation

SAN JOSE, CA--(Marketwire - April 7, 2011) - Bridge Capital Holdings (NASDAQ: BBNK), and its subsidiary Bridge Bank National Association, a full service professional business bank headquartered in Silicon Valley, announced today it has provided Fluidigm Corporation with a $7 million line of credit. The South San Francisco based leader in genomic instruments and microfluidic chips will use this financing to support its ongoing working capital needs. The credit line was established in December 2010 and initially had a lower limit.

"Bridge Bank's financing provides Fluidigm with greater flexibility to manage its working capital," said Vikram Jog, Chief Financial Officer of Fluidigm. "Bridge Bank invested time and effort to understand our business and industry and then structured a financing program that met our needs. We appreciate the confidence they showed in Fluidigm and their willingness to help us achieve our plans." 

Fluidigm (NASDAQ: FLDM) develops, manufactures and markets microfluidic systems for the life science and agricultural biotechnology industries. Specifically, its products are primary used for genetic analysis, such as gene expression, genotyping, digital PCR, single-cell analysis and sample preparation for next generation DNA sequencing. 

"Bridge Bank is proud to play a part in the success of Fluidigm. Providing this financing allows us to support an important and growing sector of the life sciences industry," said Christopher Hill, Vice President of Bridge Bank's Capital Finance Group.

About Fluidigm
Fluidigm (NASDAQ: FLDM) develops, manufactures and markets microfluidic systems for growth markets in the life science and agricultural biotechnology, or Ag-Bio, industries. Fluidigm's proprietary microfluidic systems consist of instruments and consumables, including integrated fluidic circuits, or chips, and reagents. These systems are designed to significantly simplify experimental workflow, increase throughput and reduce costs, while providing the excellent data quality demanded by customers. Fluidigm actively markets three microfluidic systems including eight different commercial chips to leading pharmaceutical and biotechnology companies, academic institutions and Ag-Bio companies. For more information, please visit www.fluidigm.com.

About Bridge Capital Holdings
Bridge Capital Holdings is the holding company for Bridge Bank, National Association. Bridge Capital Holdings was formed on October 1, 2004 and holds a Global Select listing on The NASDAQ Stock Market under the trading symbol BBNK. For additional information, visit the Bridge Capital Holdings website at www.bridgecapitalholdings.com.

About Bridge Bank, N.A.
Bridge Bank, N.A. is Silicon Valley's full-service professional business bank. The Bank is dedicated to meeting the financial needs of small and middle market companies, and emerging technology businesses, in Silicon Valley, Northern California, and the Nation. Bridge Bank provides its clients with a comprehensive package of business banking solutions delivered through experienced, professional bankers. For additional information, visit the Bridge Bank website at www.bridgebank.com.

Forward-Looking Statements

Certain matters discussed in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and are subject to the safe harbors created by that Act. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words "believe," "expect," "anticipate," "intend," "plan," "estimate," or words of similar meaning, or future or conditional verbs such as "will," "would," "should," "could," or "may." Forward-looking statements describe future plans, strategies and expectations. Forward-looking statements are based on currently available information, expectations, assumptions, projections, and management's judgment about the Company, the banking industry and general economic conditions. These forward-looking statements are not guarantees of future performance, nor should they be relied upon as representing management's views as of any subsequent date. Future events are difficult to predict, and the expectations described above are necessarily subject to risk and uncertainty that may cause actual results to differ materially and adversely.

Forward-looking statements involve significant risks and uncertainties and actual results may differ materially from those presented, either expressed or implied, in this press release. Factors that might cause such differences include, but are not limited to: the Company's ability to successfully execute its business plans and achieve its objectives; changes in general economic, real estate and financial market conditions, either nationally or locally in areas in which the Company conducts its operations; changes in interest rates; new litigation or changes in existing litigation; future credit loss experience; increased competitive challenges and expanding product and pricing pressures among financial institutions; legislation or regulatory changes which adversely affect the Company's operations or business; loss of key personnel; changes in accounting policies or procedures as may be required by the Financial Accounting Standards Board or other regulatory agencies; and the ability to satisfy requirements related to the Sarbanes-Oxley Act and other regulation on internal control.

The reader should refer to the more complete discussion of such risks in Bridge Capital Holdings' annual reports on Forms 10-K and quarterly reports on Forms 10-Q on file with the Securities and Exchange Commission. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances.