Potentia Power Completes Series A Financing

April 28, 2002 by Jeff Shepard

Potentia Power Systems (Kanata, ON) announced that it has closed a Series A $2.2 million funding round, which will be used to fund the development of next-generation power system technology, enabling communications OEMs to reduce the power design cycle and provide new functionality in smaller space requirements.

"We are pleased to be able to use the knowledge gained from our years of experience and from our customers to design the products we know can solve their problems," said President Ray Orr. "With the assistance of our investors' management expertise and business development network, we are able to begin developing the next-generation of power system devices. We look forward to working with such high-caliber investors during this first stage of our product development."