Tuesday, October 30, 2007

Optimal Technologies International Scores a $25 Million Commitment from Goldman Sachs

LONDON and SAN FRANCISCO – Optimal Technologies International Inc. announced that it has secured $25 million in financing from Goldman Sachs International to accelerate its growth and expand its market presence. The investment will allow Optimal to continue building out its product offering for energy utilities, businesses and consumers. Specifically, Optimal will complete the development of its technology that optimizes electric power systems from origin to end-user. The investment includes an immediate payment of $13 million to be followed by milestone payments over the next 12 months. Link.