FARMINGTON, Conn., June 12, 2023 /PRNewswire/ — Horizon Technology Finance Company HRZN (“Horizon”), a leading specialty finance firm that presents funds in the type of secured financial loans to venture capital backed companies in the engineering, lifestyle science, healthcare data and companies, and sustainability industries, now announced it has delivered a $20 million enterprise mortgage facility to Viken Detection Corp. (“Viken”), of which $10 million has been in the beginning funded.
Viken has produced a wide variety of modern X-ray and detection goods that are utilized by various legislation enforcement organizations for the applications of safety, general public safety and counterintelligence. Its flagship products, the NIGHTHAWK-BTX™, a handheld imager, and the OSPREY-UVX™, a entire-car scanner mounted beneath roads, scan auto targeted visitors at the U.S.-Mexico border, among other crucial checkpoints. Viken lately introduced its latest product or service, FOXHOUND-HNA™, which enables law enforcement to detect trace aspects of contraband in the discipline. The enterprise will use the mortgage proceeds for general expansion and working funds needs.
“Viken’s slicing-edge engineering delivers regulation enforcement with essential new products that are generating a important change in holding the public safe from threats,” stated Gerald A. Michaud, President of Horizon. “Their effective scanning instruments give officials the ability to swiftly and comprehensively look for the entirety of any car and cargo for contraband and harmful resources. We are delighted to support Viken’s continued advancement.”
“We are energized to obtain Horizon’s assistance as we proceed to broaden our globally help of law enforcement and armed service communities,” stated Jim Ryan, Main Government Officer of Viken. “Viken’s world-course item suite significantly improves the means of legislation enforcement and navy industry experts to detect potential threats and dangers. With Horizon’s fiscal backing, we appear forward to creating new and superior options to more make improvements to worldwide security.”
About Horizon Know-how Finance
Horizon Engineering Finance Company HRZN is a major specialty finance company that delivers money in the sort of secured financial loans to undertaking cash backed firms in the technology, lifestyle science, healthcare details and services, and sustainability industries. The investment decision aim of Horizon is to optimize its investment portfolio’s return by creating existing revenue from the financial debt investments it makes and cash appreciation from the warrants it gets when earning these types of financial debt investments. Horizon is headquartered in Farmington, Connecticut, with a regional office in Pleasanton, California, and expenditure pros found in Austin, Texas, Chicago, Illinois, Reston, Virginia and Portland, Maine. To learn additional, please go to horizontechfinance.com.
About Viken Detection
Viken Detection supplies enabling stability imaging and material identification remedies that assistance regulation enforcement and security inspection industry experts preserve the community harmless from drug trafficking, counterterrorism, human trafficking and other dangerous threats. The firm’s impressive goods, the NIGHTHAWK-BTX™ (dealt with imager), FOXHOUND-HNA™ (trimodal narcotics analyzer), OSPREY-UVX™ (vehicle scanners) and the Pb200e™ (lead-paint analyzer), are recognized leaders in their markets. Viken Detection is headquartered northwest of Boston, Massachusetts.
For extra facts, remember to take a look at us at www.VikenDetection.com.
Forward-Wanting Statements
Statements incorporated herein may perhaps represent “forward-seeking statements” inside the this means of the Personal Securities Litigation Reform Act of 1995. Statements other than statements of historic info incorporated in this press release may constitute ahead-looking statements and are not guarantees of potential effectiveness, issue or benefits and entail a amount of hazards and uncertainties. True effects may possibly vary materially from those people in the forward-wanting statements as a final result of a range of variables, including those people explained from time to time in the Company’s filings with the Securities and Trade Commission. Horizon undertakes no duty to update any ahead-wanting assertion manufactured herein. All ahead-searching statements discuss only as of the day of this press release.
Contacts:
Trader Relations:
ICR
Garrett Edson
[email protected]
(860) 284-6450
Media Relations:
ICR
Chris Gillick
[email protected]
(646) 677-1819
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