BTI Photonic Systems secures $2.5M in growth capital

April 7, 2005 Ottawa, Canada -- BTI Photonic Systems, a supplier of metro edge systems that deliver broadband services connectivity to providers, announced that it has secured $2.5 million in financing from MMV Financial Inc. The company will use the funding to help increase its global sales and marketing efforts. The company also announced the addition of Marco Pagani to its Board of Directors. Pagani is the former president of Nortel's Metro Optical Division.

"Securing this financing and adding a seasoned business leader to our board of directors will enable us to further exploit our emerging market position as a leading player for services connectivity at the metro edge," remarks Lance Laking, president and CEO of BTI Photonic Systems. "MMV Financial's investment and Mr. Pagani's global business expertise have come at the right time in our growth curve, and we look forward to the opportunities ahead."

"We believe that BTI has a tremendous growth potential over the next three to five years," adds Ron Patterson, executive vice president of MMV Financial. "With their unique metro edge solution, they are well positioned to be at the heart of the new broadband services build-outs."

The company says it enables profitable connectivity of video, FTTH, Gigabit Ethernet, and wireless data services, allowing providers to deploy these services rapidly, cost-effectively, and farther from their core networks. According to the company, its Netstender platform addresses the problems of footprint expansion, speed-to-revenue, and services margin for broadband services.