An investment agreement of $5 Million has been entered between Viking Systems and Dutchess Opportunity Fund, II, LP ("Dutchess").
"We expect that this flexible financing arrangement will provide Viking with the capital required to fund the launch of our 'Next Generation' 3DHD camera system. With this agreement in place, Viking has strengthened its financial position and is fully prepared to expand its presence in the Minimally Invasive Surgical market," commented Jed Kennedy, Viking Systems, Inc. President & Chief Executive Officer.
Douglas Leighton, Managing Director of Dutchess stated, "We are excited about being a partner to Viking to provide the funding needed to see the company through to its full potential. We believe in the management's efforts to grow the company and this facility will allow the company to access capital while being inexpensive and flexible. In these hard economic times, Dutchess continues to finance the growth of promising companies such as Viking."
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About Viking Systems, Inc.
Viking Systems, Inc. s a leading worldwide developer, manufacturer and marketer of visualization solutions for complex minimally invasive surgery. The Company partners with medical device companies and healthcare facilities to provide surgeons with proprietary visualization systems enabling minimally invasive surgical procedures, which reduce patient trauma and recovery time.
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