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Quintel Technology receives $10M investment

Rochester Business Journal
April 25, 2014

Quintel Technology Ltd. has completed a round of financing of $10 million, Perinton-based Trillium International LLC announced.

The investment, led by Trillium, will help the company accelerate its growth and delivery capacity, officials said.

Quintel develops wireless network antenna technology.

“With network operators continuing to roll out new technologies and additional spectrum, the need for multiband antennas is increasing rapidly,” said Alastair Westgarth, Quintel president and CEO, in a recent statement.
 
“Quintel is well-positioned to serve this demand, and the new funding will enable us to develop a wider product portfolio and ramp up our production rates to support the needs of more customers.”

Quintel is one of four companies in the Trillium International portfolio, three of which have their headquarters at the Eastman Business Park. The other locally based firms are Intrinsiq Materials Inc. and Omni ID Ltd.

Trillium International is a private-equity firm managing early stage and growth equity funds.

(c) 2014 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email service@rbj.net.


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