Mintera secures $8 million line of credit from Silicon Valley Bank
OCTOBER 14, 2008 -- Mintera Corp., provider of high bit-rate optical transport systems, today announced that it has secured an $8 million revolving line of credit facility from Silicon Valley Bank.
OCTOBER 14, 2008 -- Mintera Corp. (search for Mintera), provider of high bit-rate optical transport systems, today announced that it has secured an $8 million revolving line of credit facility from Silicon Valley Bank (SVB).
"SVB's support will allow us to finance our working capital needs and adds an important source of cash to fund our operational growth," reports John Anselmi, Mintera's chief financial officer.
Mintera says it is experiencing strong demand for its 40-Gbit/sec Adaptive-DPSK DWDM modules worldwide from its rapidly expanding customer base. The company claims its Adaptive-DPSK is the industry's most cost-effective option for sending 40-Gbit/sec signals across ultra-long haul distances through reconfigurable optical add/drop multiplexers (ROADMs) with 50-GHz spaced signal wavelengths.
"We have enjoyed a long successful relationship with SVB," notes Mintera's chief executive officer Terry Unter. "As we continue to grow our operations capabilities to support our healthy order-book, it is vital to Mintera that we work with a strong banking partner, such as SVB."
"It's been exciting to watch and help Mintera grow since 2000--the company has made impressive strides and is a leader in its space," adds Naomi Herman, vice president of Silicon Valley Bank's Massachusetts office. "We look forward to continuing our relationship with the company and providing it the resources it needs to be successful."