Delta-Q raises $17 Million from Tandem Expansion

Burnaby's Delta-Q Technologies announced today that it has secured $17 Million in funding from Tandem Expansion. The investment will be used to fund Delta-Q’s aggressive product development and overall corporate growth plans.

Funded in 1999, Delta-Q is a leading technology company that supplies power conversion and power management products for electric drive vehicles with over 500,000 units in use on vehicles such as golf cars, aerial work platforms, industrial floor cleaning machines, and Neighbourhood Electric Vehicles.

Montreal's Tandem Expansion is a private investment firm focused on growth capital for high-potential Canadian technology companies.

Delta-Q is the first investment from its $300 Million Tandem Expansion Fund I, L.P. which closed in December 2009. The new Fund received investments from a number of leading public, private nad institutional investors including BDC, Export Development Canada, Teralys Capital and the B.C. Renaissance Capital Fund.

Delta-Q was the 2006 Emerging Company of the Year at the BC Technology Industry Association Technology Impact Awards. The 2010 edition of the Awards are on June 8th in Vancouver.

Vancouver's Capital West Partners was an advisor on the transaction.

Company:: B.C. Renaissance Capital Fund Ltd.
Website:: http://www.tted.gov.bc.ca/TRI/Pages/BCRCF.aspx
Location:: Victoria, British Columbia, Canada

The B.C. Renaissance Capital Fund Ltd. is a Crown corporation that is administered by the provincial Investment Capital Branch. The Renaissance Fund invests in venture capital partnerships managed by experienced investment professionals. It focuses on four key technology sectors: information technology, new media, clean technology and life sciences. more

Company:: Tandem Expansion
Website:: http://www.tandemexpansion.com
Location:: Toronto, Ontario, Canada

Tandem Expansion is a private growth capital fund seeking to invest in small and mid-sized Canadian companies in a variety of technology-based sectors. The fund's core values are professionalism, honesty and integrity. Tandem will act as a catalyst for growth and expansion by making targeted investments in companies with high growth potential and strong management teams. The fund's executives collectively... more

Company:: Capital West Partners
Website:: http://capwest.com/
Location:: Vancouver, British Columbia, Canada

Capital West Partners is Western Canada's leading mid-market investment banker. As an independent partnership, Capital West Partners provides experienced, success-driven investment banking advice that is free of conflict of interest. more

Company:: Delta-Q Technologies Corp.
Website:: http://www.delta-q.com
Location:: Burnaby, British Columbia, Canada

Delta-Q adheres to a lean philosophy and is managed by an experienced team committed to the most current and effective business and product development practices. Our engineering team consists of experienced power electronics, software, regulatory compliance, quality and mechanical engineers and technologists. We combine this extensive design expertise with our outsourced manufacturing and logistics business model... more

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Rob Lewis

Rob is the President of Techvibes Media Inc. and Editor-in-Chief of Techvibes.com. His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University. When not running Canada's leading technology media property, Rob can... more

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