Friday, February 3, 2023
OANDP-L
  • Login
No Result
View All Result
The O&P EDGE
  • PECOS
  • Magazine
    • Subscription
    • Current Issue
    • Issue Archive
    • News Archive
    • Product & Service Directory
    • Advertising Information
  • O&P Jobs
    • Find a Job
    • Post a Job
  • EDGE Advantage
  • O&P Facilities
  • Resources
    • Product & Service Directory
    • Calendar
    • Contact
    • About Us
    • O&P Library
    • The Guide
    • Custom Publications
    • Advertising Information
    • EDGE Direct
    • Amplitude Media Group
  • PECOS
  • Magazine
    • Subscription
    • Current Issue
    • Issue Archive
    • News Archive
    • Product & Service Directory
    • Advertising Information
  • O&P Jobs
    • Find a Job
    • Post a Job
  • EDGE Advantage
  • O&P Facilities
  • Resources
    • Product & Service Directory
    • Calendar
    • Contact
    • About Us
    • O&P Library
    • The Guide
    • Custom Publications
    • Advertising Information
    • EDGE Direct
    • Amplitude Media Group
No Result
View All Result
The O&P EDGE Magazine
No Result
View All Result
Home News

Touch Bionics Loaned $1.3M

by The O&P EDGE
January 22, 2010
in News
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

Touch Bionics, Livingston, Scotland, announced on January 20 that it had received an £800,000 ($1.3 million) loan from members of Archangel Informal Investment Ltd, Scotland. According to Touch Bionics, the loan is designed to support Touch Bionics expansion following the company’s December 2009 launch of its ProDigits bionic-finger system.

“Touch Bionics, like so many companies, has myriad financial considerations as it grows and brings new products to market,” Touch Bionics CEO Stuart Mead, said. “Many companies in a growth position such as ours are in a challenging spot-expanding into new markets and hiring additional staff in order to meet growing demand requires funding. Yet the banks are hesitant to provide funding because they’re still risk averse as a result of the financial crisis. This can hamper progress needlessly-it’s time for the banks to step up and start supporting profitable, fast-growth companies.”

“The Banks would not lend without a three-year track record of profits,” said Archangels Chief Executive John Waddell. “Touch Bionics is at too early a stage to attract bank funding in the current market, but the company is profitable and needs additional funds to continue its fast pace of growth. Archangel members, who are Touch’s principal investors, agreed to lend Touch Bionics £800,000. Scottish Enterprise’s Scottish Co-investment Fund also participated in the loan, as a co-investor alongside Archangel.”

Related posts:

  1. Touch Bionics Acquires LIVINGSKIN, Hires Sales and Marketing Executive
  2. COVID-19 Legislative and Regulatory Updates
  3. Touch Bionics Founder Steps Down
  4. Form and Function: New Hand Looks, Acts Like the Real Thing
Previous Post

Kistenberg Provides Guidelines, Methods for Haiti Help

Next Post

Amy Palmiero-Winters Triumphs with 130 Mi. Run

Next Post

Amy Palmiero-Winters Triumphs with 130 Mi. Run

  • VIEW CURRENT ISSUE
  • SUBSCRIBE FOR FREE

RECENT NEWS

News

Mobility Ideal Health Care Acquires Green P&O

by The O&P EDGE
January 27, 2023

Mobility Ideal Health Care, headquartered in New Jersey, purchased Green Prosthetics and Orthotics, headquartered in Pennsylvania. The acquisition closed November...

Read more

Hanger Recognizes 2022 Partner Award Recipients

Pedors Launches Directory of Allied Foot Healthcare Professionals

CMS Adds to Orthosis Face-to-Face and Written Order Prior to Delivery List

Get unlimited access!

Join EDGE ADVANTAGE and unlock The O&P EDGE's vast library of archived content.
SUBSCRIBE TODAY

O&P JOBS

Eastern

CPO/CO/BOCPO and Orthotic Fitter

Central

Certified Prosthetist/Orthotists

Central

Part-Time Prosthetic Practitioner in Oklahoma

 

© 2021 The O&P EDGE

  • About
  • Advertise
  • Contact
  • EDGE Advantage
  • OANDP-L
  • Subscribe

CONTACT US

866-613-0257

[email protected]

201 E. 4th St
Loveland, CO 80537

The most important industry news and events delivered directly to your inbox every week.

No Result
View All Result
  • PECOS
  • MAGAZINE
    • SUBSCRIBE
    • CURRENT ISSUE
    • ISSUE ARCHIVE
    • NEWS ARCHIVE
    • PRODUCTS & SERVICES DIRECTORY
    • ADVERTISING INFORMATION
  • O&P JOBS
    • FIND A JOB
    • POST A JOB
  • EDGE ADVANTAGE
  • FACILITES
  • RESOURCES
    • PRODUCTS & SERVICES DIRECTORY
    • CALENDAR
    • CONTACT
    • ABOUT US
    • O&P LIBRARY
    • THE GUIDE
    • CUSTOM PUBLICATIONS
    • ADVERTISING
    • EDGE DIRECT
    • AMPLITUDE
  • OANDP-L
  • LOGIN

© 2021The O&P EDGE

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
The O&P EDGE Magazine
 
Required 'Candidate' login to applying this job. Click here to logout And try again
 

Login to your account

  • Forgot Password? | Sign Up

Reset Password

  • Already have an account? Login

Enter the username or e-mail you used in your profile. A password reset link will be sent to you by email.

Signup to your Account

  • By clicking checkbox, you agree to our Terms and Conditions and Privacy Policy

    Already have an account? Login

Close
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
 

Account Activation

Before you can login, you must activate your account with the code sent to your email address. If you did not receive this email, please check your junk/spam folder. Click here to resend the activation email. If you entered an incorrect email address, you will need to re-register with the correct email address.