Waterloo, ON, January 16, 2008 – Tom Geiger, President and General Manager of Agile Systems Inc. announces the completion of an $800,000 Series C round of financing lead by Expansion Capital Partners, LLC of New York and San Francisco on behalf of the Clean Technology Fund II, LP along with other existing investors, Covington Capital, RoyNat Capital Inc. and BEST Total Return Fund.
Agile’s core competency is combining digital electronics and power electronics into small packages and is a world leading developer of electronic controls for the Semiconductor, Life Science, Automotive and HVAC markets. Mr. Geiger said “this funding will allow the company to further position itself as an added value partner in the motion and motor controls market”. Agile’s patented algorithms increase motor productivity and bring customers increased savings by reducing the amount of energy needed to run electric motors. Electric motors consume over 50% of the annual generation of energy in North America. A small improvement in the efficiency of motor systems brings large dollar savings to users. Agile currently has a number of significant customers in the motion control market including; Siemens, Agilent Technologies, Nanometrics, Genmark, Samsung, and Thermo Fisher.
Bernardo Llovera, General Partner of Expansion Capital Partners said, “As manufacturers and assemblers look to reduce costs while improving performance, they are increasingly turning to smaller, faster, more accurate motion controllers and electronic motor drives. Agile’s best-in-class controller and drives designs position the Company well to further penetrate these markets.”
About Agile Systems
Agile Systems Inc. is a world leader in the design, development and manufacturer of advanced motion control technology including motor control and power conversion. With expertise in integrating power electronics, digital control and network communications in small, cost effective packages, Agile has established customers in a broad range of industries including semiconductor, life science, robotics, automation equipment, automotive, industrial machinery and alternative energy. Agile Systems Inc. is based in Waterloo, Ontario.
For more information, visit Agile-systems.com or call:
Tom Geiger, President and General Manager
519 886-2000 ext. 277
Agile Systems Inc.
575 Kumpf Drive, Waterloo, Ontario, Canada
About Expansion Capital Partners, LLC
Founded in 2002, Expansion Capital Partners, LLC,invests venture capital exclusively in expansion-stage, Clean Technology enterprises. The firm targets companies that offer dramatic improvements in resource efficiency and productivity, while creating more economic value with less energy and materials, or less waste and toxicity. Clean Technology Fund II, LP, invests in US and Canadian enterprises with current customer revenues of $2-30 million, combined with solid prospects of attaining $30-$100M in revenues within 3-5 years. The fund makes initial investments of $3M to $10M, with its Partners taking active, value-add Board roles. Expansion Capital has offices in San Francisco and New York. Further information can be found at Expansioncapital.com.


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