TORONTO, ONTARIO--(Marketwired - Jan. 9, 2014) - Difference Capital Financial Inc. ("DCF") (TSX:DCF)(TSX:DCF.DB) is pleased to announce a $3 million investment in Baanto International Ltd. ("Baanto™"), a leading developer of innovative, high performance, and scalable touch solutions.
"We are very pleased to add Baanto to our portfolio," said Tom Astle, Managing Partner at Difference Capital. "We believe that Baanto's touchscreen technology, developed with unique and proprietary intellectual property, offers unparalleled performance in the large format and industrial segments of the market."
Baanto was awarded its first landscape patent on ShadowSense™ technology in 2013 and has seven additional patent families pending which cover technology, algorithmic, and architectural features unique to ShadowSense. Baanto touch products address many of the common pitfalls that plague other touch technologies including; high cost, poor durability, lacklustre responsiveness and subpar image clarity. Baanto's product line currently ranges from 8" touchscreens targeting industrial and commercial markets to 266" touchscreens targeting the digital whiteboard and signage markets.
"We are very excited to have Difference Capital lead our $6 million growth financing round," said Avanindra Utukuri, Executive Chairman of Baanto.
"Difference Capital's expertise in the technology sector and calibre of professionals will be instrumental in helping realize Baanto's long term growth potential. With our technology commercially validated by highly strategic customers and partners, we are confident that 2014 will demonstrate material revenue expansion for our company."
About Difference Capital Financial Inc.
Difference Capital Financial Inc. is a publicly-listed, Toronto-based specialty finance company focused on creating shareholder value through strategic investments in, and advisory services for, growth companies, particularly in the technology, media and healthcare sectors, as well as through opportunistic investments in undervalued financial assets and real property.
About Baanto International Ltd.
Baanto International Ltd. is a leading developer of innovative, high performance, and cost effective touch sensing solutions. Baanto is developing products incorporating both active and passive implementations of its technologies for touchscreens and interactive white boards in sizes ranging from 8" to over 266". Baanto has a direct and partner presence in North America, South America, Europe, and Asia, enabling it to provide its customers with proven technical and sales support worldwide. Baanto is headquartered in Mississauga, Canada. Baanto™ and ShadowSense™ are trademarks of Baanto International Limited. For more information visit www.baanto.com.