Ottawa, Canada - November 6 , 2008 - BTI Systems, a global supplier of Intelligent Service Edge solutions for the delivery of high-bandwidth, multi-protocol services, today announced it had closed USD $15 million in financing. The round included new investor Export Development Canada (EDC), as well as existing investors. BTI will use the funding to expand its global position as a provider of market-differentiating packet optical network edge and access solutions.
"BTI exemplifies excellence in Canadian technology and innovation. With its cadre of international partners, we believe that BTI is poised to experience significant growth and success on the world stage. EDC is pleased to be partnering with the BTI team to facilitate their plans for further global expansion" said Jennifer Brooy, Vice-President, EDC.
Over the past year BTI has delivered its next generation BTI 7000 Packet Optical Edge and BTI 700 Ethernet Access series while scaling its operations globally with a new European headquarters in Belfast Northern Ireland and Asian operations in Shanghai, China to support the company's ongoing growth.
"Our customers continue to investment in compact, energy-efficient, high service density solutions for high-definition video, wireless backhaul, and Ethernet business services", said Allan Kline, CFO, BTI Systems. "We have a strong commitment to delivering solutions that provide our customers with the highest ROI as a result we are seeing our customer base grow."
About BTI Systems
BTI Systems addresses increasing demand for Ethernet services, greater optical capacity, dynamic networking, and management simplicity in service provider and enterprise networks. Expanding the capacity of a single fiber up to 320Gbps, BTI's Intelligent Service Edge solutions provide wavelength and packet-level delivery of high capacity services such as video, storage, wired data, wireless data and voice, and media to the network edge. Incorporating state-of-the-art technology BTI products are engineered for very low power consumption to reduce carbon footprint in central offices and data centers. The BTI portfolio consists of The BTI 7000 Packet Optical Edge, the BTI 700 Ethernet Access, and the Netstender Series. Key transport capabilities including CWDM/DWDM, optical multiplexing, amplification, dispersion compensation, software-provisionable multiprotocol client service interfaces, and packet-switching. End-to-end management of the BTI Network is provided by the proNX™ Management Suite.
About EDC
EDC is Canada's export credit agency, offering innovative commercial solutions to help Canadian exporters and investors expand their international business. EDC's knowledge and partnerships are used by nearly 7,000 Canadian companies and their global customers in up to 200 markets worldwide each year. EDC is financially self-sustaining, is a recognized leader in financial reporting and economic analysis, and has been named one of Canada's Top 100 Employers for eight consecutive years.
-30-
For more information:
Stefan Dubowski
High Road Communications
sdubowski@highroad.com
613-688-1185
