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John Harwer, President of Bridge Technology, Inc. a data storage and communication components company, today announced the signing of a comprehensive financing agreement that provides Bridge with a $27,000,000 worldwide financing package. This financing will enable Bridge to continue with the execution of its growth plans, both domestically and internationally.
Bridge is having a formal opening on May 27, 2001, of its new 110,000 square foot manufacturing facility in Ningbo, China, near Shanghai. This facility will manufacture power supplies initially for the Asian market.
For the balance of 2001, continued growth is envisioned both in our core manufacturing business and in our China and Asia channel marketing business.