FiberChem Scores Funding for Intrex Buy

Fiber optic chemical sensor manufacturer FiberChem Inc. (Las Vegas, NV) has obtained a commitment for bridge financing to help finance the closing of its merger with Intrex Data Communications Corp. (Vancouver, BC). FiberChem is to be renamed DecisionLink Inc., which will continue to be traded on OTCBB.

"This short-term funding allows us both to continue the process of integrating the operations of the two companies, while completing the various regulatory steps along the way," said FiberChem Chairman and CEO Geoff Hewitt, noting that RP&C International (London) coordinated the funding.

Intrex is a private company that provides proprietary Internet and communications technology for real-time data communications between remote or mobile assets such as gas wells, pipelines, compressors, storage tanks, offshore platforms, or service vehicles.

FiberChem produces fiber optic chemical sensors for continuous, real-time monitoring of environmental pollutants in applications such as pipeline leak detection, aboveground storage tank monitoring, oil production, water quality monitoring, and industrial wastewater compliance monitoring and control.

Edited by Kristin Lewotsky, Photonics Online