Wednesday, March 28, 2007

Syntax-Brillian Raises $15.5M in Strategic Funds

Syntax-Brillian Corporation of Tempe, Arizona, has collected some $15.5 million in strategic financing, the company reported Wednesday. The investment consists of approximately 2.1 million shares of common stock priced at $7.32 per share, plus three-year warrants to purchase more than 210,000 shares at a price of $8.78 per share. Investors include WesTech Electronics Ltd. of Singapore, a provider of electronic components for Syntax-Brillian's Olevia-brand televisions; and a group headed by John Jung-Jyh Wu, president and CEO of the TCV Group, the primary supplier of Syntax-Brillian's plastic injection-molded parts. According to Syntax-Brillian, the new capital will help the company maintain its existing marketing programs and expand its manufacturing base. Syntax-Brillian manufactures LCD and LCoS high-density televisions and digital entertainment products.