IntelliView secures investment from Export Development Canada to support growth
CALGARY, Alberta, August 26, 2014 – IntelliView Technologies Inc. (“IntelliView” or the “Company”), a specialist in industrial asset and environment surveillance, announced today the second closing of its first round of institutional financing as Export Development Canada (“EDC”) joined existing investor Enbridge Inc. (TSX: ENB) (NYSE: ENB).
EDC is Canada’s export credit agency, making trade between Canadian and foreign companies by providing financing, insurance and bonding solutions to trade transactions.
The funding will bolster the Company’s deployment of industry-leading video analytic solutions for industrial applications, such as liquid leak detection and intrusion monitoring. With the use of patented and proprietary video processing software, IntelliView’s technology delivers high detection accuracy of threats and hazards while sending real-time alarm notifications to enable quick response.
“We are very pleased that EDC has recognized the potential of IntelliView’s solutions to international markets”, said Bill Hews, IntelliView’s Executive Chairman. “This financing will support our continued growth and investment in industry leading video analytic solutions, while positioning us well to become a technology leader in the oil and gas industry, both domestically and abroad.”
“Helping Canadian companies break through the commercialization phase and scale is an important part of EDC’s Investment strategy, and IntelliView is a good example of that approach,” said Nathan Gibb, Senior Investment Manager, Direct Investments, EDC.
“This approach is particularly relevant in the energy technology space given that buyers tend to be large multinationals, creating strong potential for international sales once the technology has a proven track record.”
About IntelliView Technologies Inc.
IntelliView Technologies is a Calgary based manufacturer of leading-edge intelligent video solutions for industrial video surveillance applications. The company transforms video cameras into intelligent sensors and offers customized solution packages that enhance the safety and security of industrial applications. Solutions incorporate patented, patent pending and proprietary video analytics and image processing technologies to detect, identify, and track objects in real-time as well as the ability to analyze surveillance footage. User defined notification alarms with a picture or video of the incident are sent through a variety of communication methods to local or remote monitoring centers. IntelliView sells and supports products throughout North America. In Western Canada they are distributed by Spartan Controls among others. For more information visit https://intelliviewtech.com.
About EDC
EDC is Canada’s export credit agency, providing financing and insurance solutions locally and around the world to help Canadian companies of any size respond to international business opportunities. As a profitable Crown corporation that operates on commercial principles, EDC works together with private and public-sector financial institutions to create greater capacity for Canadian companies to engage in trade and investment.
For more information about how EDC can help your company, visit www.edc.ca.
FOR FURTHER INFORMATION PLEASE CONTACT:
IntelliView Technologies
Christopher Beadle
VP Sales and Marketing
1-403-338-0001
cbeadle@intelliviewtech.com
Export Development Canada
Phil Taylor
(613) 598-2904
ptaylor@edc.ca
