Scale Finance Client F-Origin, Inc. Closes $1M Bridge Financing!
Congratulations go to Scale Finance client F-Origin, Inc. for recently closing on a $1M bridge financing primarily led by one existing institutional investor.
This new funding will allow the Company to hit a major strategic milestone in early Q1 of 2010 with the successful release of its first commercial product with a major Taiwanese manufacturing and distribution partner. Sales activity for the 15" Point- of Sales device that integrates F-Origin's touch-screen technologies into their partners existing device has begun in Q4 of this year, with initial orders expected in Q1, 2010.
In addition, the Company is now working to close several new opportunities where its touch-screen technology can be deployed. These projects will employ a traditional proof of concept process for a particular customer application which requires functionality not fully met by todays's touch-screen technologies. With the successful Proof of Concepts / mock-ups, commercial product implementation will follow, securing additional sales through new market segments for the Company in the second half of 2010 and beyond.
About F-Origin
F-Origin is the developer of zTouch™, an innovative force-based touch technology. zTouch™ delivers robust design advantages to OEMs and ODMs implementing touch screen, touch panel, and high durability touch user interface solutions. Founded in 2005, F-Origin is a privately held US company with headquarters in Research Triangle Park, North Carolina.