Client News
December 17, 2001
MILPITAS, CA (December 17, 2001)
- Com21, Inc. (Nasdaq: CMTO), a leading global provider of system
solutions for the broadband access market, announced today that
it has finalized a $10 million asset-based line of credit with
Silicon Valley Bank. The Silicon Valley Bank line of credit
replaces the previous line of credit with another lender; the
earlier line expired in December. The line of credit will be used
for working capital needs to help fund the Company's ongoing
operations.
"It is a pleasure to partner with Silicon Valley Bank, the
premier lender to high technology businesses," said Com21 Chief
Financial Officer Ralph Marimon. "They understand the technology
market better than any other bank and we are very pleased that we
have been able to expand our relationship with them. We look
forward to a long partnership."
About Silicon Valley Bank
Silicon Valley Bank serves emerging growth and middle market
companies in targeted niches, focusing on technology and life
sciences, while also addressing other specific industries in
which it can provide a higher level of service and better manage
credit through specialization and focus.
The Bank operates throughout the Silicon Valley: Fremont, Santa
Clara, Palo Alto and Sand Hill, the center of the venture capital
community in California. Other regional offices within California
include: Irvine, Los Angeles, Napa Valley, San Diego, San
Francisco, Santa Barbara, and Sonoma. Office locations outside of
California include: Phoenix, Arizona; Boulder, Colorado; West
Palm Beach, Florida; Atlanta, Georgia; Chicago, Illinois; Boston,
Massachusetts; Minneapolis, Minnesota; New York, New York;
Durham, North Carolina; Portland, Oregon; Philadelphia,
Pennsylvania; Austin, Texas; Dallas, Texas; Northern Virginia;
and Seattle, Washington. More information on the Bank can be
found at www.svb.com.
About Com21, Inc.
Com21, Inc. (www.com21.com) is a leading global supplier of
system solutions for the broadband access market. The Company's
ATM, DOCSIS, EuroDOCSIS, and DVB-based products enable cable
operators and service providers to deliver high-speed,
cost-effective Internet and telephony applications to corporate
telecommuters, small businesses, home offices, and residential
users. To date, Com21 has shipped over 1.8 million cable modems
and over 1,700 headend controllers worldwide. Com21 systems offer
commercial service in cable systems passing 19 million households
worldwide.
Com21 is an ISO 9001 registered company with over 175 employees
worldwide. The Company's corporate headquarters is located in
Milpitas, California, USA, with its European sales and support
center in Delft, The Netherlands. In addition, Com21 maintains a
research and development facility in Cork, Ireland, as well as
sales and support offices in the United States and Canada,
Europe, Asia, and Latin America.
Com21® is a registered trademark of Com21, Inc., Milpitas,
California, U.S.A. All other trademarks are the property of their
respective owners.
Contact:
Com21 Public Relations, Cindy Villanueva, 408.544.1349,
cindyv@com21.com
Com21 PR Agency, Scot Howard, FutureWorks, Inc., 408.428.0895, x
103, scot@future-works.com
Com21 International, Brenda Clery, Marketing Communications,
+353-1-838-4029, bclery@com21.com
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Com21 Receives Working Capital Line of Credit from Silicon
Valley Bank12/17/2001 02:00:00 AM Client NewsMILPITAS, CA (December 17, 2001) - Com21, Inc. (Nasdaq: CMTO), a leading global provider of system solutions for the broadband access market, announced today that it has finalized a $10 million asset-based line of credit with Silicon Valley Bank. The Silicon Valley Bank line of credit replaces the previous line of credit with another lender; the earlier line expired in December. The line of credit will be used for working capital needs to help fund the Company's ongoing operations.
"It is a pleasure to partner with Silicon Valley Bank, the premier lender to high technology businesses," said Com21 Chief Financial Officer Ralph Marimon. "They understand the technology market better than any other bank and we are very pleased that we have been able to expand our relationship with them. We look forward to a long partnership."
About Silicon Valley Bank
Silicon Valley Bank serves emerging growth and middle market companies in targeted niches, focusing on technology and life sciences, while also addressing other specific industries in which it can provide a higher level of service and better manage credit through specialization and focus....
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