MONTREAL, Nov. 13 /CNW Telbec/ - Cycle Capital Management announces that,
Fonds d'investissement en développement durable (FIDD), s.e.c, has invested
$7.1 million from financing rounds totaling $38 million since the beginning of
2007, in the four following companies:
VAPERMA Inc. develops and commercializes an advanced gas separation
solutions for the production of fuel ethanol, biodiesel and natural gas. Low
Carbon Accelerator, (LCA) and Volvo Technology Transfer Corporation, Emerald
Technology Ventures and BDC Capital are also participating as co-investors
within a $21.5 M round.
Sustainable Development: Energy cost savings, reduction of GHGs and
SIXTRON ADVANCED MATERIALS INC. develops and commercializes a highly
innovative process for depositing thin films of material in the silicon
carbide (SiC) family on various substrates. Ventures West, iNovia Capital and
Innovatech Sud du Québec are also participating as co-investors within a $10 M
Sustainable Development: Reduced GHGs, community development
CVT CORP develops and commercializes a new toroidal continuously variable
transmission (CVT) for power generators and heavy motor vehicles. ID Capital
and XL Cap are also participating as co-investors within a $3.8 M round.
Sustainable Development: Energy cost saving
EOCYCLE TECHNOLOGIES INC. develops and commercializes a direct drive
alternator for wind turbines (et son convertisseur électronique de puissance).
Capital régional et coopératif Desjardins, Desjardins-Innovatech (s.e.c) and
SPIRE I-Investech are also participating as co-investors within a $2.127 M
Sustainable Development: Improves wind turbine reliability (no gear box).
About Cycle Capital Management
Cycle Capital Management manages Fonds d'investissement en développement
durable (FIDD), s.e.c. It finances and supports effective businesses that
contribute to sustainable development and greenhouse gas reduction.
The Fonds d'investissement en développement durable (FIDD), s.e.c. is a
private equity fund, a leader in the financing of businesses that contribute
to sustainable development. FIDD favors solutions to reduce greenhouse gases
by investing in clean technologies and in renewable energy. It is also an
internationally recognized pioneer for its use of the "Life Cycle" approach,
either in its investment process or in its contribution to add value to its
portfolio companies. The Fonds de solidarité FTQ, Fondaction, the Fonds de
développement de la CSN pour la cooperation et l'emploi, and the Fonds
d'action québécois pour le développement durable (FAQDD) are among FIDD's
For further information:
For further information: Ms Andrée-Lise Méthot, Founder and senior
associate, (514) 495-1022 ext. 202, firstname.lastname@example.org