PHOENIX, Sept. 5,
2024 /PRNewswire/ -- Trinity Capital Inc.
(NASDAQ: TRIN) ("Trinity"), a leading provider of diversified
financial solutions to growth-oriented companies, today announced
the commitment of $20 million in
growth capital to Kymeta, a leading flat-panel satellite antenna
company.
Based in Redmond, WA, Kymeta is
a leader in multi network satellite communications. Their
groundbreaking antennas seamlessly integrate with multiple
satellite networks, providing unparalleled connectivity and
reliability. By utilizing cutting edge technology based on
metamaterial science they ensure robust and continuous
communications even in the most challenging environments.
"Kymeta is building the next generation of satellite and
cellular connectivity technology," said Bob D'Acquisto, Managing
Director, Tech Lending at Trinity. "We are thrilled to support
Kymeta as they continue to innovate and expand on their
groundbreaking technology in satellite communications."
The new debt facility from Trinity will allow Kymeta to continue
to scale operations and fund growth initiatives.
"We appreciate Trinity's support and we're excited to have them
as a partner as we continue to grow our business and position
ourselves as the global leader in satellite communications on the
move," said Rick Bergman, President
and CEO of Kymeta.
About Trinity Capital
Inc.
Trinity Capital Inc. (Nasdaq: TRIN), an internally managed
business development company, is a leading provider of diversified
financial solutions to growth-stage companies with institutional
equity investors. Trinity Capital's investment objective
is to generate current income and, to a lesser extent, capital
appreciation through investments, including term loans and
equipment financings and equity-related investments. Trinity
Capital believes it is one of only a select group of specialty
lenders that has the depth of knowledge, experience and track
record in lending to growth stage companies. For more information,
please visit the Company's website at www.trinitycap.com.
About Kymeta
Kymeta is the industry leader in flat panel satellite antennas,
providing purpose-built solutions across a variety of enterprise
and military applications and unlocking the commercial value of
space to address the vast, unmet demand for ubiquitous broadband
and truly mobile connectivity for customers around the world. Its
innovative metasurface technology, coupled with a software-first
approach, delivers the first commercially available,
metamaterial-based and electronically steered flat panel satellite
antenna. Kymeta's low-cost, low power and high throughput solutions
make it easy to connect on the move or while stationary – for any
vehicle, vessel, aircraft, or fixed platform – enabling industries
on earth to transform their operations by harnessing capacity in
space.
Kymeta is a privately held company based in Redmond, Washington. For more information,
visit kymetacorp.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/trinity-capital-inc-provides-20-million-in-growth-capital-to-kymeta-302238698.html
SOURCE Trinity Capital Inc.