ELECTRONIC CITATIONS SYSTEM INVESTED BY BRASSCO CAPITAL

13 Nov 2012

GROWTH OF INFORMATION TECHNOLOGY SUCH AS E CITATIONS & LICENSE PLATE RECOGNITION TO INCREASE AS GTECHNA & BRASSCO CAPITAL TEAM UP

> gtechna is a North American leader in the development of Automated License Plate Recognition (ALPR) , photo radar and Electronic Citation systems.

> This transaction will enable gtechna to benefit from BrassCo’s business experience

Montreal, November 13, 2012. BrassCo Capital Inc., a private investment company operating in the IT industry and headed by Karol Brassard, a financier and tech-entrepreneur, announces a strategic investment in gtechna. Headquartered in Montreal, gtechna is a North American leader in the development of Automated License Plate Recognition (ALPR), photo radar and Electronic Citations systems. The Company has more than 50 qualified employees and deploys its solutions in Canada and the USA. The Company’s numerous customers include the City of Montreal, Washington D.C., Pittsburgh, Baltimore and the Sûreté du Québec as well as many other public safety and parking enforcement agencies. “gtechna fits perfectly with our investment strategy. gtechna has an impressive portfolio of proprietary solutions developed by a high-calibre team in Montreal and deployed in both Canada and the USA,” indicated Karol Brassard, BrassCo Capital’s President. “Michel Guay, gtechna’s President and Chief Executive Officer, mentioned that he is delighted with Karol Brassard’s arrival as Chairman of the Board and that the team will benefit from Karol’s business experience in order to accelerate gtechna’s strategic development.”

About BrassCo Capital

BrassCo Capital is a private investment company operating in the IT industry and headed by Karol Brassard, a financier and tech-entrepreneur. BrassCo’s mission is to develop the full commercial potential of organizations and create value for all its stakeholders. www.brasscocapital.com

Share it