Sep 15 2010
Bridge Capital Holdings is collaborating with Trinity Capital Investment for completing a financial solution, valued at $15 million, for RPO. The financial solution will be used by RPO for rolling out its Polymer Optical Waveguide Technology, which is utilized in the Digital Waveguide Touch (DWT).
RPO intends to use the funding to build a manufacturing unit in the Bay Area, for producing optical waveguides on plastic substrates that are flexible. The facility will manufacture 500 thousand to 1 million waveguides every month. Bridge Bank, a subsidiary of Bridge Capital Holdings, has roped in five lenders to offer $10 million of the financing for RPO.
The Touch is emerging as the preferred user interface for consumer products. The DWT offers distinct touch capability with gloved finger, finger, multi-touch, and pen, featuring high quality optical properties. The DWT is suitable for various products such as desktop displays, notebooks, cameras, handheld gaming, netbooks, e-books, navigation units, and smartphones.
RPO’S CEO, Malcolm J. Thompson stated that the financial grant would enable the company to develop a commercial manufacturing plant by using the internal funding.
Source: http://www.bridgebank.com/