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IN THE NEWS |
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Brijot Completes Private Placement Offering
Brijot Imaging Systems, Inc., an industry leader for passive millimeter wave object detection and people screening technology, announced the completion of a private placement offering of its Series C Convertible Preferred Stock in the amount of $14 million. Brijot intends to use the proceeds from the placement to finance the continuing growth of the company. The investment was led by the Company’s majority shareholder, BIS Latin America Investments Co., a subsidiary of The Exxel Group.
“The Company has many exciting growth opportunities underway that require capital investment to accelerate product development and market expansion” said Mitchel J. Laskey, president and chief executive officer at Brijot. “It is extremely gratifying to have the continuing confidence of investors like The Exxel Group, with their strategic vision and necessary capital to support our team in the building of a world class business.”
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