QSpex Technologies receives $4.5M credit facility from GE Capital

GE Capital, Healthcare Financial Services today announced it has provided a $4.5 million credit facility to QSpex Technologies, Inc. The financing provides working capital and funds capital equipment expenditures supporting QSpex's product launch in late 2010.

“GE Capital's healthcare industry expertise and professionalism were instrumental in this transaction”

Based in Alpharetta, GA, QSpex Technologies, Inc. Lens Transformation Technology delivers a high quality in-office solution for eyecare professionals across the U.S. to produce prescription eyeglass lenses faster, easier, less expensively and more profitably than current options available on the market.

"GE Capital's healthcare industry expertise and professionalism were instrumental in this transaction," said Dennis Carr, vice president of finance for QSpex Technologies, Inc. "Working with a trustworthy lender gave us confidence that our financing needs were as important to GE as they are to us."

"We are pleased to be able to provide capital to QSpex Technologies, Inc. to support this important product launch," said Anthony Storino, senior managing director, life sciences, for GE Capital, Healthcare Financial Services. "GE's combination of healthcare and financial expertise can provide our customers with unmatched resources to reach their critical business objectives."