Mississauga, ON, February 13, 2019 – Baanto International Ltd. announced today the completion of a financing round with Quantius Inc., a commercial lender that partners with knowledge-based, small and medium-sized companies to provide non-dilutive growth capital. This new funding allows Baanto to continue to power the expansion of its industry-leading touchscreen technology into global markets, as well as the corporate conferencing, education and digital signage sectors.
“We are pleased to have a new financial partner in Quantius. The professionals at Quantius were able to recognize the value of our customer base and also our intellectual property portfolio”, said Baanto CEO, Avanindra Utukuri. “We have dozens of patents already issued and many more pending. This is an asset that not all commercial lenders are able to recognize”.
This new funding comes at an opportune time for Baanto, having recently launched its ShadowSense Pro line of products, which offers increased performance in a smaller frame. Additionally, Baanto’s Modular Touch System is quickly becoming the industry standard in large video wall installations for the retail, corporate lobby, and broadcast studio markets.
“Quantius is proud to support a Canadian company with innovative technology that is backed by strong intellectual property. We look forward to seeing Baanto’s capable management team utilize this non-dilutive facility to continue growing the company’s profile and profitability”, said Len Kofman, Quantius CCO.
Baanto International Ltd. is a leading developer of patented innovative, high-performance touch sensing solutions. Baanto markets a range of products incorporating both active and passive implementations of its ShadowSense touchscreen technology for a range of applications, including educational and boardroom solutions, digital signage, and military applications. Sizes range from 8 inches to in excess of 300 inches. Baanto has both direct and partner presence in North America, South America, Europe, and Asia, enabling it to provide its customers with unrivaled technical and sales support worldwide. For more information visit: www.baanto.com.
About Quantius Inc.
Quantius is a Toronto-based commercial lender that attributes value to both tangible and intangible assets of innovative companies, and provides non-dilutive financing and growth capital to small and medium-sized businesses. The Quantius team combines technology and operations expertise with credit management and originations depth, and levers a best-in-class proprietary Intellectual Property (“IP”) analytics platform to identify companies whose commercial outperformance is driven by superior IP. For more information on Quantius please visit www.quantius.ca.