Bridge Technology Obtains $27 Million Financing

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.

Latest Articles

IBM Brings Cloud-Based Spectrum Storage to Microsoft Azure

Spectrum Virtualize for Public Cloud offers the same storage features and functionalities that are found in on-premises data centers.

Hitachi Vantara Eyes Hybrid Clouds with New Storage Offerings

The new lineup aims to give large enterprises and SMEs the ability to stretch their cloud environments from data centers to the edge.

Tape Storage: Security & Backup Matters

Tape storage certainly isn't dead, though few vendors work to improve it and few major enterprises talk about it. However, in the wake of...