|
CorActive
is proud to announce to its customers that the acquisition
of new equipment will increase its production capacity of
specialty optical fiber with state of the art double coating.
Press
release :
CorActive,
a Quebec-based manufacturer of specialty optical fibers, announces
private financing of $16 million
Quebec
City, June 28, 2001- CorActive
High-Tech Inc., an emerging player in the manufacturing of
specialty optical fibers, today announced it has raised CDN$16
million (US$10.5 million) in a financing round managed by
Yorkton Securities Inc.
The lead investor was Fidelity Management & Research Company,
on behalf of funds and accounts managed by it and also included
Novacap and existing shareholders namely Innovatech Quebec
et Chaudiere-Appalaches and Investissement Desjardins.
The financing will mainly be used to increase the production
capacity of the company through the purchase of new equipment
and the addition of specialized human resources in research,
manufacturing and sales. "CorActive
is already the only specialty optical fiber manufacturer in
Canada, and this recent injection of capital will surely make
us a world leader in this particular niche where the demand
is strong and stable," François Chenard, President Founder,
concluded.
"CorActive
is poised to become an industry leader in specialty optical
fibers, and we believe this represents a unique opportunity
for our investors," said Christophe Romary, Vice-President
of Yorkton Securities in Montreal.
Founded in 1998 and located in Quebec City with approximately
20 employees, CorActive
High-Tech Inc. manufactures and markets specialty optical
fibers used primarily in the telecommunications sector-namely
erbium-doped fiber for optical amplifiers, attenuating fiber
for attenuators and photosensitive fiber for optical filters.
For
more media inquiries call:
Mr. Claude-Adrien Noël, President & CEO
(418) 845-2466, ext. 231 (Quebec City)
(514) 393-8998, Stéphanie Jecrois (Montreal, Ottawa)
(416) 368-8998, Anthony Toderian (Toronto)
Other
links :
http://www.quebecregion.com/e/
http://www.speqm.qc.ca/index_en.php
|
