MINNEAPOLIS--(BUSINESS WIRE)--Aethlon Capital, LLC, a Minneapolis-based investment bank, announced today that it has obtained expansion capital for Delphax Technologies Inc. (OTC:DLPX), a Bloomington, Minnesota, designer, manufacturer, and distributor of advanced digital print production systems. Under terms of the financing, Air T, Inc., of Maiden, North Carolina, will acquire a new class of Delphax series B preferred stock and provide debt financing in the form of a senior subordinated note.
Proceeds from the financing will go toward manufacturing and marketing the company’s newest printer, the elanTM, a high-speed, ultra-high-resolution digital inkjet printer that fires up to 700 million drops of ink per second in grids of 1,600 by 1,600 dots per inch—about 30 percent more than the human eye can discern.
“With this financing, we are ready to compete in the market for high-speed inkjet printers,” said Dieter Schilling, Delphax’s CEO. “This capital will be instrumental in bringing to market Delphax’s new inkjet product, the elan.”
Sima Griffith, Managing Principal at Aethlon, said: “We were pleased to complete this important financing for Delphax. It is always gratifying to be able to help entrepreneurial companies introduce innovative products.”
About Delphax Technologies
Delphax Technologies Inc. is a global leader in the design, manufacture, and delivery of advanced digital print production systems. For more than 35, Delphax Technologies has pioneered high-speed digital imaging innovations that improve throughput and enhance efficiencies for publishers, direct marketers, and other commercial print customers where cost and quality are important. Delphax Technologies is headquartered in Minneapolis, Minnesota. The company’s common stock is currently quoted over the counter under the symbol DLPX. Additional information is available on the company’s website at www.delphax.com.
About Aethlon Capital
Aethlon Capital, LLC is a Minneapolis-based investment bank that specializes in mergers and acquisitions and raising capital for public and private companies. Aethlon’s clients are industry innovators who engage the firm to advise and represent them in the sale or financing of their business. For more information, visit: www.Aethlon.com.