Innovatech Grand Montreal High-Tech VC : Explosives Engineering Specialist Delta Caps International (DCI) raises $2.6 Million U.S.

Apr 26, 2001, 01:00 ET from Innovatech Grand Montreal

    MONTREAL and NICE, April 26 /PRNewswire/ - An investment of $2.6 million
 U.S. will allow DCI to finance the marketing of its electronic detonator,
 first in North America, South America and Europe. It will also allow the
 company to develop a Web site, based out of a Quebec, Canada subsidiary, that
 will provide on-line services to professional mining engineers worldwide.
     Investors include InnovaFrance-French Fonds Commun de Placement pour
 l'Innovation-that participated in the initial round undertaken by the company
 in 1999- Innovatech Grand Montreal-a Quebec capital venture company
 specializing in investments with a high technology content-as well as
 individuals such as Bruno Bonnell, president of Infogramme group.
     DCI specializes in explosives engineering. The company's mission is to
 optimize mining operations on technical, economic and environmental levels.
 DCI makes recommendations to its clients (mines, quarries, work sites) on
 software and services related to blasting plans, vibration analysis, or
 analysis of fragmentation. DCI has also developed an electronic detonator ten
 times more precise than traditional electric detonators. Several hundred
 thousand detonators are used annually worldwide. It is DCIs ambition to occupy
 a strong position in this market.
     Thierry Bernard founded DCI in 1994. An engineer from Arts et Metiers
 (the French school of industrial arts and crafts) and doctor of geology,
 Mr. Bernard is CEO of the organization. He is assisted by Jean-Louis Viennois,
 HEC, Chief Financial Officer.
     Ernst & Young Corporate Finance advised DCI on obtaining funding, and HSD
 Ernst & Young provided legal counsel.
 
 

SOURCE Innovatech Grand Montreal
    MONTREAL and NICE, April 26 /PRNewswire/ - An investment of $2.6 million
 U.S. will allow DCI to finance the marketing of its electronic detonator,
 first in North America, South America and Europe. It will also allow the
 company to develop a Web site, based out of a Quebec, Canada subsidiary, that
 will provide on-line services to professional mining engineers worldwide.
     Investors include InnovaFrance-French Fonds Commun de Placement pour
 l'Innovation-that participated in the initial round undertaken by the company
 in 1999- Innovatech Grand Montreal-a Quebec capital venture company
 specializing in investments with a high technology content-as well as
 individuals such as Bruno Bonnell, president of Infogramme group.
     DCI specializes in explosives engineering. The company's mission is to
 optimize mining operations on technical, economic and environmental levels.
 DCI makes recommendations to its clients (mines, quarries, work sites) on
 software and services related to blasting plans, vibration analysis, or
 analysis of fragmentation. DCI has also developed an electronic detonator ten
 times more precise than traditional electric detonators. Several hundred
 thousand detonators are used annually worldwide. It is DCIs ambition to occupy
 a strong position in this market.
     Thierry Bernard founded DCI in 1994. An engineer from Arts et Metiers
 (the French school of industrial arts and crafts) and doctor of geology,
 Mr. Bernard is CEO of the organization. He is assisted by Jean-Louis Viennois,
 HEC, Chief Financial Officer.
     Ernst & Young Corporate Finance advised DCI on obtaining funding, and HSD
 Ernst & Young provided legal counsel.
 
 SOURCE Innovatech Grand Montreal