VANCOUVER, Feb. 13 /CNW/ - Triant (TSX: TNT) reported today that it has
secured a $500,000 operating line of credit from HSBC Bank Canada under Export
Development Canada's (EDC) Master Accounts Receivable Guarantee program.
Robert Heath, Triant's President & CEO, commented, "We are pleased to
have qualified for this source of working capital funding through HSBC under
an EDC program designed to help Canadian exporters like Triant capitalize on
global business opportunities."
Triant develops and deploys equipment health monitoring and advanced
fault detection solutions. Our primary focus is currently the global
semiconductor industry where we provide innovative software solutions that
enable our customers to improve yield and throughput in their highly
sophisticated semiconductor manufacturing plants. To address the market
opportunity in the semiconductor industry, we have developed ModelWare(R), a
complete equipment health monitoring and advanced fault detection software
solution. Leading semiconductor companies are using ModelWare to improve their
competitive advantage in manufacturing integrated circuits. Triant's ModelWare
product is a commercially available, real-time equipment health monitoring and
advanced fault detection software solution aimed primarily at the
semiconductor industry. ModelWare is the result of many years of experience
Triant has in the development, deployment and application of these types of
software solutions. More information about Triant is available via the
Internet at www.triant.com.
This news release contains forward-looking statements that are subject to
various risks and uncertainties. The Company's actual results could differ
materially from those anticipated in such forward-looking statements as a
result of numerous factors that may be beyond the Company's control.
Forward-looking statements are based on the expectations and opinions of the
Company's management on the date the statements are made.
For further information:
For further information: Robert Heath, President & CEO, Triant, Mark
Stephens, CFO & Corporate Secretary, Triant, Triant Holdings Inc., (604)