Bridge Bank Provides $3 Million Financing to Metron Aviation, Inc.
| Source: Bridge Capital Holdings
SAN JOSE, CA--(Marketwire - July 28, 2009) - Bridge Capital Holdings (NASDAQ : BBNK ), whose
subsidiary is Bridge Bank, National Association, a full-service
professional business bank headquartered in Silicon Valley, announced today
it has provided financing to Metron Aviation Inc., to support the ongoing
growth of the company's industry-leading aircraft traffic flow management
products and services.
"This credit agreement is an important part of our working capital and
growth strategy as the global demand for our products and services has
created numerous opportunities for Metron Aviation around the world," said
Dave Ellison, CEO of Metron Aviation. "This financing provides the
flexibility to not only serve new markets, but also enhances our
capabilities for the current customer base. Our ability to access
incremental capital in this economic climate is also a testament to the
strength of our company and our market position in Air Traffic Flow
Management."
Founded in 1995, Metron Aviation pioneered the advancement of Air Traffic
Flow Management (ATFM) research and today has a proven track record of
deploying and supporting major ATFM systems. Metron Aviation customers
include the FAA, NavCanada, NASA, ATMB (China), ATNS (South Africa), FedEx,
Air Canada, Memphis International Airport, American Airlines, Southwest
Airlines, and Airservices Australia.
"We appreciate the opportunity to support Metron Aviation's business plan,"
said Blake Reid, Relationship Manager, Technology Banking Group at Bridge
Bank N.A. "We are very impressed with the company's track record and the
immediate global market opportunities that exist for deploying its
industry-leading technologies and services."
Bridge Bank specializes in providing superior service and customized
banking solutions to small and middle-market, and emerging technology
business in Silicon Valley, California and the Nation. The Bank's product
offerings include 24/7 internet-based business cash and treasury
management, on-line account statement and item imaging, remote deposit
capture, commercial lines of credit, growth capital financing, commercial
real estate financing, international Export-Import financing and foreign
exchange payment services, Small Business Administration 7(a) and 504 loans
as an SBA Preferred Lender Participant-accredited direct lender, and
factoring and asset-based loans through its Bridge Capital Finance Group.
About Metron Aviation, Inc.
Metron Aviation is a world leader in Traffic Flow Management (TFM), surface
management, airspace design, environmental analysis and advanced research
services for the aviation industry. Metron Aviation fuses advanced science
and mathematics with unparalleled air traffic management expertise to
provide groundbreaking Collaborative Decision Making (CDM) solutions for
the world's leading Air Navigation Service Providers (ANSPs), airports,
airlines, logistics firms and other stakeholders. Visit Metron Aviation at
www.metronaviation.com.
About Bridge Capital Holdings
Bridge Capital Holdings is the holding company for Bridge Bank, National
Association. Bridge Capital Holdings was formed on October 1, 2004 and
holds a Global Select listing on The NASDAQ Stock Market under the trading
symbol BBNK. For additional information, visit the Bridge Capital Holdings
website at www.bridgecapitalholdings.com.
About Bridge Bank, N.A.
Bridge Bank, N.A. is Silicon Valley's full-service professional business
bank. The Bank is dedicated to meeting the financial needs of small and
middle market companies, and emerging technology businesses, in Silicon
Valley, Northern California, and the Nation. Bridge Bank provides its
clients with a comprehensive package of business banking solutions
delivered through experienced, professional bankers. For additional
information, visit the Bridge Bank website at www.bridgebank.com.
Forward-Looking Statements
Certain matters discussed in this press release constitute forward-looking
statements within the meaning of the Private Securities Litigation Reform
Act of 1995, and are subject to the safe harbors created by that Act.
Forward-looking statements can be identified by the fact that they do not
relate strictly to historical or current facts. They often include the
words "believe," "expect," "anticipate," "intend," "plan," "estimate," or
words of similar meaning, or future or conditional verbs such as "will,"
"would," "should," "could," or "may." Forward-looking statements describe
future plans, strategies and expectations. Forward-looking statements are
based on currently available information, expectations, assumptions,
projections, and management's judgment about the Company, the banking
industry and general economic conditions. These forward-looking statements
are not guarantees of future performance, nor should they be relied upon as
representing management's views as of any subsequent date. Future events
are difficult to predict, and the expectations described above are
necessarily subject to risk and uncertainty that may cause actual results
to differ materially and adversely.
Forward-looking statements involve significant risks and uncertainties and
actual results may differ materially from those presented, either expressed
or implied, in this press release. Factors that might cause such
differences include, but are not limited to: the Company's ability to
successfully execute its business plans and achieve its objectives; changes
in general economic, real estate and financial market conditions, either
nationally or locally in areas in which the Company conducts its
operations; changes in interest rates; new litigation or changes in
existing litigation; future credit loss experience; increased competitive
challenges and expanding product and pricing pressures among financial
institutions; legislation or regulatory changes which adversely affect the
Company's operations or business; loss of key personnel; changes in
accounting policies or procedures as may be required by the Financial
Accounting Standards Board or other regulatory agencies; and the ability to
satisfy requirements related to the Sarbanes-Oxley Act and other regulation
on internal control.
The reader should refer to the more complete discussion of such risks in
Bridge Capital Holdings' annual reports on Forms 10-K and quarterly reports
on Forms 10-Q on file with the Securities and Exchange Commission. The
Company undertakes no obligation to publicly revise these forward-looking
statements to reflect subsequent events or circumstances.