San Francisco, Ca.–May 19, 2014- ATEL Ventures Inc., a subsidiary of ATEL Capital Group (“ATEL”), is proud to announce a new partnership with LED module producer Xicato, Inc. ATEL has provided Xicato with a multimillion dollar equipment financing facility to help bolster the company’s production of a new line of LED modules at its San Jose, California facility.
“Xicato goes above and beyond the original equipment manufacturers already stringent processes by tuning each LED module so that it provides the best “quality of light, said Steve Rea, Executive Vice President of ATEL Ventures. ATEL is pleased to be supporting Xicato in their efforts to push the LED industry to higher quality standards. We look forward to continuing our symbiotic relationship as they continue their prominent rise in the lighting industry.”
About Xicato Xicato is enabling the Internet of Lights and empowering architects, designers and building managers to create beautiful, smart spaces people love to live and work in. We design and build intelligent LED modules that integrate the best quality and most efficient light with software, sensors and connectivity. With Xicato, spaces and buildings can be simply managed from anywhere, using any device. For further information visit: www.xicato.com.
Xicato’s headquarters and manufacturing is based in Silicon Valley and the company has offices in China, Japan, Europe and throughout the U.S. Founded in 2007, Xicato’s focus on high quality light and reliability has won praise from the lighting community and end-users alike and was recently recognized as “Best Industrial Partner by the Professional Lighting Design Conference. Installations using Xicato range from retail and museums to restaurants and hotels.
About ATEL Ventures (www.atel.com/ventures) and ATEL Capital Group (www.atel.com)
ATEL Capital Group formed ATEL Ventures, Inc. in 1999 to provide equipment financing and venture debt to emerging growth companies. Since its founding in 1977, San Francisco-based ATEL Capital Group has become the largest private and closely held independent leasing company in the United States, with approximately $2 billion in asset-secured transactions under management. For information about ATEL Ventures, contact Steven Rea, Executive Vice President, 415-616-3436, srea@atel.com or visit our website at www.atel.com/ventures.