Increased Demand for Aviation Safety Using EVS Drives Company Momentum

Max-Viz has completed its third round of financing totaling $6 million. Proceeds will be used to accelerate growth in the company's Enhanced Vision Systems (EVS) product line for fixed and rotary wing corporate, commercial, military and transport aircraft.

The Series C venture financing was led by OVP Venture Partners (OVP) and included returning investors Alexander Hutton Venture Partners (AHVP) and Buerk Dale Victor LLC (BDV). All of the investors are based in the Pacific Northwest, an area well-known for its innovation in aviation technology.

"Our products are focused on saving lives," said Max-Viz President Jim Tuttle.

"Customer demand for our EVS systems for aviation safety is accelerating. This financing round allows us to fulfill EVS market demand on airframes already certified by the FAA for Max-Viz products, and target more FAA certifications on additional airframes. In addition, we are stepping up development on our Advanced Technology Next Generation Synthetic Vision aircraft guidance and flight environment sensing products."

Gerry Langeler, a General Partner in OVP's Portland office and Board Chair at Max-Viz added, "It is gratifying to back a growing company delivering products that play such an important role in enhancing aviation safety. Once pilots and aircraft owners see the benefits of seeing clearly with EVS, no one wants to go back."

Max-Viz systems use real-time infrared sensors, signal processing, and a cockpit display to provide flight crews with actual images of terrain, runways, taxiways, aircraft and other potential obstacles during poor visibility conditions such as light fog, haze, smoke, precipitation and darkness.

FMI: www.max-viz.com