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LGC Gets $5M Credit

Comerica provides $5M revolving line of credit to LGC Wireless

July 22, 2002

1 Min Read

SAN JOSE, Calif. -- Comerica (NYSE: CMA) , a leading financial services company, and LGC Wireless, a leading supplier of wireless networking systems, announced today that Comerica's Technology and Life Sciences Division has provided the San Jose company with a $5 million revolving line of credit. "Growing technology companies like LGC Wireless need to be assured that their bank has the both the resources and the flexibility to work with them to meet their financial needs," said Sam Bhaumik, senior vice president and managing director of Comerica's Northern California Technology and Life Sciences Division. "Comerica's strength and commitment to the technology sector are two reasons why LGC Wireless decided to do business with us." Founded in 1996, LGC Wireless uses its patented technology to provide broadband optical wireless networks to carriers and corporations worldwide. The company's products increase capacity, expand coverage, improve clarity, and enhance resource utilization, which facilitates customers' ability to expand existing networks, build out new networks, and deliver new wireless voice and data services. LGC Wireless systems are found in more than 20 countries, and the company has offices in Silicon Valley and Cambridge, U.K. LGC Wireless

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