Mintera Corporation Enters into $8 Million Line of Credit Facility with Silicon Valley Bank

ACTON, Mass.--(BUSINESS WIRE)--Mintera® Corporation, the high bit-rate optical transport systems solution leader, today announced that it has secured an $8 million revolving line of credit facility from Silicon Valley Bank (SVB).

“SVB’s support will allow us to finance our working capital needs and adds an important source of cash to fund our operational growth,” said John Anselmi, Mintera’s Chief Financial Officer.

Mintera is experiencing strong demand for its 40 Gbps Adaptive-DPSK™ DWDM modules worldwide from its rapidly expanding customer base. Adaptive-DPSK is the industry’s most cost-effective solution for sending 40 Gbps signals across ultra-long haul distances through Reconfigurable Add/Drop Multiplexers (ROADMs) with 50 GHz spaced signal wavelengths.

“We have enjoyed a long successful relationship with SVB,” said Mintera’s Chief Executive Officer Terry Unter. “As we continue to grow our operations capabilities to support our healthy order-book, it is vital to Mintera that we work with a strong banking partner, such as SVB.”

“It’s been exciting to watch and help Mintera grow since 2000 — the Company has made impressive strides and is a leader in its space,” said Naomi Herman, Vice President of Silicon Valley Bank’s Massachusetts office. “We look forward to continuing our relationship with the Company and providing it the resources it needs to be successful.”

About Mintera Corporation

Mintera is a high bit-rate optical transport systems solution leader enabling migration to 40 and 100 Gbps in metro-core, regional, long-haul, and ultra long-haul networks. Mintera’s flexible multi-service product-set enables service providers to upgrade their existing infrastructure in an evolutionary and seamless fashion. Mintera continues to gain customer traction since demonstrating the world’s fastest ultra long-haul optical transport connection in June 2004. The company is working on higher bit-rate solutions with multiple research and development labs at carriers, systems suppliers, component manufacturers, research institutes and universities aiming to drive down optical transmission costs further. For more information, visit www.mintera.com.

About Silicon Valley Bank

Silicon Valley Bank is the premier commercial bank for emerging, growth and mature companies in the technology, life science, venture capital/private equity and premium wine industries. SVB provides a comprehensive suite of financing solutions, treasury management, corporate investment and international banking services to its clients worldwide. Through its focus on specialized markets and extensive knowledge of the people and business issues driving them, Silicon Valley Bank provides a level of service and partnership that measurably impacts its clients’ success. Founded in 1983 and headquartered in Santa Clara, Calif., the company serves clients around the world through 27 U.S. offices and international operations in China, India, Israel and the United Kingdom. Silicon Valley Bank is a member of global financial services firm SVB Financial Group, with SVB Analytics, SVB Capital, SVB Global and SVB Private Client Services. More information on the company can be found at www.svb.com.

Silicon Valley Bank is the California bank subsidiary and the commercial banking operation of SVB Financial Group. Banking services are provided by Silicon Valley Bank, a member of the FDIC and the Federal Reserve. SVB Private Client Services is a division of Silicon Valley Bank. SVB Financial Group is also a member of the Federal Reserve.