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Helius Teams with Canopy Capital to Offer Extended Funding Options for Satellite Routers
LINDON, UTAH—February 24, 2003—Helius, Inc., the world leader
in satellite broadband (IP) routing, today announced the availability
of multiple financing options for its flagship Helius Satellite Router
v2 (HSR2) product as well as other Helius solutions. Financing options
are available through Canopy Capital, Inc., a subsidiary of Canopy Group.
“Helius extends its list of market firsts with flexible financing
options that deliver very favorable terms to our strategic alliance partners
and directly to our customers,” said Myron Mosbarger, president
and CEO of Helius. “We’re helping our customers further conserve
capital while enabling them to cut distance learning and remote training
costs with Helius solutions.”
“Canopy Capital is pleased to join with Helius in providing favorable
financing terms for its customers,” said Mark Cusick, President
of Canopy Capital. “The combination of Helius solutions and flexible
financing should facilitate quicker decision-making and improved business
outcomes.”
As part of this agreement, Canopy Capital offers extended funding options
to Helius customers through private-label leasing and extended payment
support. Canopy Capital provides the latest in financing options equipment
and service acquisition. This agreement intends to support in customers
in managing their technology needs and product lifecycles.
Funding options are available from Helius and will be extended to Helius
Strategic Alliance Partners, which include Broadcast International, Convergent
Media Systems, GlobeCast, CEV, KeyPoint, Globecomm Systems, and others.
(for a complete list please visit www.helius.com)
About Helius, Inc.
Helius provides efficient, secure, and reliable delivery of broadband
IP over satellites and local area networks. Helius products include satellite
IP routers, software and custom engineered solutions that enable efficient,
secure and reliable delivery of broadband content over satellites and
local area networks. Helius’s portfolio of satellite routing solutions
includes products that enable a full range of video, voice and data to
be distributed across corporate computer networks and desktops.
The enterprise-wide business TV systems powered by Helius products give
employees and customers easy access to live or stored content such as
retail services, marketing programs, corporate broadcasts, distance learning
courses, training programs, software updates, databases and the Internet.
Helius is a privately held company based in Lindon, Utah. For more information,
visit http://www.helius.com or call (801) 764-9020.
About Canopy Capital, Inc.
Utah-based Canopy Capital, Inc. is a whole owned subsidiary of Canopy
Group, Inc. Canopy Capital delivers business credit solutions for technology
acquisitions.
Canopy Group has been categorized as a technology accelerator and a dynamic
operating company. Funding and influencing emerging technologies and
then providing shareable management resources across its portfolio of
companies is what Canopy Group does best.
Originally founded in 1995, Canopy Group continues to operate by founder
Ray Noorda's vision of "co-opetition," where synergies across
the portfolio are optimized at the same time that each company develops
independent market success. Headquartered in Lindon, Utah, Canopy may
be reached by telephone at 801-229-2223. Web address is www.canopy.com.
# # #
Helius is a trademark of Helius, Inc. Other company, product, and service
names contained in this release may be registered trademarks or trademarks
of the respective owners.
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