Press Release by GreenSky Capital Inc.
GreenSky Capital Inc. (“GreenSky”) is pleased to announce that Advanced Opto-Mechanical Systems and Technologies Inc. (“AOMS”), a Mississauga-based company that has developed a proprietary fibre optic sensor technology capable of measuring multiple parameters in harsh conditions, has closed the first $500,000 of its seed round financing with the GreenSky Accelerator Fund I, LP (the “GreenSky Fund”). AOMS expects to raise up to an additional $500,000 in further financing from additional investors associated with the GreenSky President’s Club (the “GPC”). The funds will enable the company to scale up its sales and marketing efforts, and expand innovation through continued product development.
Michael T.R. List, Principal at GreenSky and a recent addition to the AOMS Board of Directors, said: “We continue to be impressed not only with the overwhelmingly positive response we are seeing for the technology in a number of different market segments, but with management’s responsiveness and commitment to moving AOMS commercialization efforts forward.”
“Our relationship with GreenSky has been fruitful. They were able to provide both capital and strategic support within months of our introduction,” said Amir Azhari, President of AOMS. “We are very excited to have secured this lead round of investment. Securing these funds will allow us to make some significant steps in improving our sales and marketing, particularly in key markets where there is already initial interest in AOMS’ products.”
AOMS has developed an end-to-end hardware/software platform based on a proprietary fiber optic sensing technology for real-time and distributed monitoring of a number of physical parameters such as pressure and temperature in harsh environments. AOMS products enable end users to create a real-time 3D map of measured parameters in a number of applications such as in oil and gas, environmental monitoring, clean technologies, process industries, and infrastructure monitoring. AOMS products have been developed particularly for harsh environments and hard-to-access locations where conventional electronic sensors fail, lose performance, or cannot be effectively deployed.
About GreenSky Capital:
GreenSky Capital is an award winning corporate finance advisory firm based in Toronto, delivering customized financial solutions to small and medium sized technology firms. GreenSky looks for long-term partnerships with high growth potential companies and dedicated entrepreneurs. GreenSky principals bring together a unique combination of experience in technology, law and finance who bring extensive business, finance and entrepreneurial experience into a real-world context.
About the GreenSky Accelerator Fund:
The GreenSky Accelerator Fund is a venture capital fund focused on making seed stage investments in high-growth, early-stage Canadian CleanTech and IT opportunities. Through its affiliation with GreenSky Capital Inc., the GreenSky Accelerator Fund has access to a robust network of deal flow and takes an institutional approach to early stage investing. For more information, see: www.greenskycapital.com/greensky-accelerator-fund/