Montreal based technology company attracts seed investment

Montréal, Québec, December 12, 2003 - Microbridge Technologies Inc., a privately held technology company announced the closing of the second tranche of its seed equity financing, raising a total of $2.65 million CDN in venture capital.

The Fonds de solidarité FTQ and Innovatech Montréal were the major investors in the round. The funds will be used to develop Microbridge's first products and commence the company's business development and marketing efforts.

"We are very excited about Microbridge Technologies' prospects," said Hugues Lacroix, Investment Director, Industrial Innovations, Fonds de solidarité FTQ. "This financing will permit them to further develop their potentially disruptive technology."

"Microbridge has some world class innovations in the area of electronically adjustable micro-resistors that will significantly affect the electronics industry," said Johanne Sévigny, Investment Manager, Advanced Technologies and Telecommunications, Innovatech Montréal.

About Microbridge Technologies
Microbridge Technologies, Inc. is an early stage technology company specializing in micro-systems technology for electronics, micro-devices and sensor-based systems. Microbridge uses micro-thermal devices based on conventional silicon integrated circuit technology to create solutions in a variety of industries. The devices involve a micro-membrane with embedded micro-heater, suspended over a cavity in a silicon chip. These structures form the basis for a broad family of products in the form of electronically adjustable resistive micro-devices that provide an unprecedented combination of high precision, price, and ease of use.