MONTREAL, April 4 /CNW Telbec/ - The Solidarity Fund QFL (the "Fund") is
proud to announce a $5 million investment in Victhom Human Bionics Inc.
("Victhom"). The funds will enable the company to, among other things,
complete clinical trials of certain products and register them with the
European and American health authorities before proceeding to the marketing
Located in Saint-Augustin-de-Desmaures, near Québec City, Victhom is a
medical device company that specializes in the development and
commercialization of bionic devices aimed at improving the quality of life of
individuals suffering from certain physical dysfunctions. Its 70 specialized
employees are divided into two units: one develops prostheses and bionic
orthotic devices while the other works on neuromodulation devices such as the
Neurostep. The latter is an electrical stimulation device aimed at alleviating
foot drop, a walking problem sometimes associated with stroke.
The company has already carved a reputation in the medical field as the
creator of the first motorized leg in the world, known as the Power Knee
bionic leg. The only device on the market capable of providing the necessary
power to restore leg function in amputees, Power Knee is now being marketed in
various large American and European cities.
According to the Fund's Executive Vice-President, Life Sciences, Michel
Lagueux, "We look to invest in innovative companies that have vision and that
do what it takes to grow. Victhom has a strong management team and highly
specialized employees, which is why it's been able to distinguish itself on
the international scene. At the Fund, we're aware that in some sectors,
lengthy, critical stages must be completed before going to market. That's the
reason we offer patient capital. We're proud to align ourselves with a dynamic
company such as Vithcom and look forward to backing them through the upcoming
phases of their development."
About the Solidarity Fund QFL
With net assets of over $6.8 billion, the Solidarity Fund QFL is a
development capital company that through its RRSP channels the savings of
Quebecers into investments in all sectors of the economy to help create and
maintain jobs and to further Québec's economic growth. The Fund is a partner,
either directly or through its network members, in 1,681 companies. It
currently has nearly 570,000 shareholders and has helped, on its own or with
other financial partners, to create, maintain and support over 116,000 jobs.
For more information, visit www.fondsftq.com
For further information:
For further information: Note: the telephone number provided below is
for the exclusive use of journalists and other media representatives. Josée
Lagacé, Senior Advisor, Press Relations and Communications, Solidarity Fund
QFL, (514) 850-4835, email@example.com