Bridge Capital Holdings, which owns Bridge Bank, has arranged a $15 million funding round for RPO Inc. Bridge Bank teamed with Trinity Capital Investments to provide the financing. RPO has received prior investments from BASF Venture Capital, GE Commercial Finance and Neo Technology Ventures. RPO, of San Jose, plans to use the financing to build a high-volume manufacturing facility in the Bay Area to produce optical waveguides on flexible plastic substrates.
Bridge Capital Holdings (NASDAQ: BBNK), whose subsidiary is Bridge Bank, National Association, a full-service professional business bank headquartered in Silicon Valley, announced today that they are teaming with Trinity Capital Investment to complete a $15 million financing solution for RPO, Inc. to fund the launch and commercialization of their Polymer Optical Waveguide Technology used in their Digital Waveguide Touch™ (DWT™).
RPO plans to use this financing to build a high-volume manufacturing facility in the Bay Area to produce optical waveguides on flexible plastic substrates with the capacity to produce 500,000-1,000,000 waveguides per month. “With this financing, RPO has the resources to make partnering decisions independent of the need for financing, and the ability to build our first commercial facility with internal funding,” said Malcolm J. Thompson, Chief Executive Officer of RPO.
Bridge Bank successfully secured five lenders led by Trinity Capital Investment to provide $10 million of the $15 million in total debt financing for RPO. “This credit facility was an exciting challenge and worthwhile venture for the Bank,” said Dan Pistone, Senior Vice President of Bridge Bank’s Technology Banking Group. “We have confidence in RPO’s technology leadership position and market opportunity.”
Touch is rapidly becoming the preferred user interface in consumer products. RPO’s has 93 patents on its highly differentiated touch solution DWT™which provides unique touch capability with pen, finger, gloved finger and multi-touch with superior optical properties that fits a wide range of consumer products including smartphones, navigation devices, e-books, netbooks, handheld gaming, cameras, notebooks and desktop displays. Specifically recognized for its innovation in developing an optical touch technology, RPO was the recipient of the Red Herring 100 Asia Award in January 2010.
RPO, Inc. is incorporated in Delaware and has headquarters in San Jose. The core technologies have been developed at its research and development facilities in Canberra and Sydney, Australia. It has received venture funding form a large Korean Customer, GE Capital, JAFCO, BASF Venture Capital and several Australian based VCs including Jolimont, A&B and Neo Technology Ventures. For more information visit www.rpo.biz.
About Trinity Capital Investment
TCI provides equipment lease and fixed asset debt financing to early stage and emerging growth companies, which will allow the customer to leverage, maximize and extend its equity investment. For additional information visit the Trinity Capital Investment web site at www.trincapinvestment.com.
About Bridge Capital Holdings
Bridge Capital Holdings is the holding company for Bridge Bank, National Association. Bridge Capital Holdings was formed on October 1, 2004 and holds a Global Select listing on The NASDAQ Stock Market under the trading symbol BBNK. For additional information, visit the Bridge Capital Holdings website at www.bridgecapitalholdings.com.
About Bridge Bank, N.A.
Bridge Bank, N.A. is Silicon Valley’s full-service professional business bank. The Bank is dedicated to meeting the financial needs of small, middle-market, and emerging technology businesses. Bridge Bank provides its clients with a comprehensive package of business banking solutions delivered through experienced, professional bankers. Visit Bridge Bank on the web at www.bridgebank.com.