Contact Information: For further information contact: Bruce Rubin (203) 983-5280
TICC Announces $15 Million Transaction With American Integration Technologies LLC in Support of Its Merger With Integrated Flow Systems, LLC
| Source: Technology Investment Capital Corp.
GREENWICH, CT -- (MARKET WIRE) -- May 8, 2007 -- Technology Investment Capital Corp. (NASDAQ : TICC ) announced today that it has completed a $15.0 million follow-on
investment in senior secured notes issued by American Integration
Technologies LLC, a manufacturer of precision equipment for the
semiconductor industry, in support of its merger with Integrated Flow
Systems, LLC, a global supplier of critical chemical delivery subsystems
for the semiconductor, flat panel and solar industries. The combined
company will support complete tool integration from the fabrication of
frames, sheet metal and machined parts to the design, manufacture and test
of complex electrical, chemical delivery and control systems.
About American Integration Technologies.
American Integration Technologies LLC is a manufacturer and integrator of
precision equipment for several industries, including the semiconductor,
industrial, consumer, aerospace and medical industries. Based in Chandler,
AZ, the company specializes in sophisticated engineering and integration of
leading edge systems and equipment, precision sheet metal fabrication,
tubular frame welding and machining. For additional information, please
visit www.asmait.com.
About Integrated Flow Systems.
Integrated Flow Systems, LLC is a global supplier of critical chemical
delivery subsystems for the semiconductor, flat panel and solar industries.
IFS provides its customers the opportunity to outsource the complete design
and manufacturing of their critical chemical delivery and controls systems.
The majority of IFS' customers are original equipment manufacturers located
throughout the world. IFS is headquartered in Fremont, CA with facilities
in Portland, OR, Austin, TX and Cebu, Philippines. For additional more
information, please visit www.ifspurity.com.
About Technology Investment Capital Corp.
We are a publicly traded business development company principally engaged
in providing capital to small to mid-size technology-related companies.
While the structures of our financings vary, we look to invest primarily in
the debt of established technology-related businesses. Companies interested
in learning more about financing opportunities should contact Barry Osherow
at (203) 661-9572 or visit our website at www.ticc.com.
Forward-Looking Statements
This press release contains forward-looking statements subject to the
inherent uncertainties in predicting future results and conditions. Any
statements that are not statements of historical fact (including statements
containing the words "believes," "plans," "anticipates," "expects,"
"estimates" and similar expressions) should also be considered to be
forward-looking statements. Certain factors could cause actual results and
conditions to differ materially from those projected in these
forward-looking statements. These factors are identified from time to time
in our filings with the Securities and Exchange Commission. We undertake no
obligation to update such statements to reflect subsequent events.