SAN JOSE, CA--(Marketwire - September 9, 2010) - Bridge Capital Holdings (
RPO plans to use this financing to build a high-volume manufacturing facility in the Bay Area to produce optical waveguides on flexible plastic substrates with the capacity to produce 500,000-1,000,000 waveguides per month. "With this financing, RPO has the resources to make partnering decisions independent of the need for financing, and the ability to build our first commercial facility with internal funding," said Malcolm J. Thompson, Chief Executive Officer of RPO.
Bridge Bank successfully secured five lenders led by Trinity Capital Investment to provide $10 million of the $15 million in total debt financing for RPO. "This credit facility was an exciting challenge and worthwhile venture for the Bank," said Dan Pistone, Senior Vice President of Bridge Bank's Technology Banking Group. "We have confidence in RPO's technology leadership position and market opportunity."
Touch is rapidly becoming the preferred user interface in consumer products. RPO's has 93 patents on its highly differentiated touch solution DWT™which provides unique touch capability with pen, finger, gloved finger and multi-touch with superior optical properties that fits a wide range of consumer products including smartphones, navigation devices, e-books, netbooks, handheld gaming, cameras, notebooks and desktop displays. Specifically recognized for its innovation in developing an optical touch technology, RPO was the recipient of the Red Herring 100 Asia Award in January 2010.
About RPO
RPO, Inc. is incorporated in Delaware and has headquarters in San Jose. The core technologies have been developed at its research and development facilities in Canberra and Sydney, Australia. It has received venture funding form a large Korean Customer, GE Capital, JAFCO, BASF Venture Capital and several Australian based VCs including Jolimont, A&B and Neo Technology Ventures. For more information visit www.rpo.biz.
About Trinity Capital Investment
TCI provides equipment lease and fixed asset debt financing to early stage and emerging growth companies, which will allow the customer to leverage, maximize and extend its equity investment. For additional information visit the Trinity Capital Investment web site at www.trincapinvestment.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, middle-market, and emerging technology businesses. Bridge Bank provides its clients with a comprehensive package of business banking solutions delivered through experienced, professional bankers. Visit Bridge Bank on the web 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.