May 19, 2024

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Horizon Technological know-how Finance Presents $15 Million Undertaking Bank loan Facility to Alula

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FARMINGTON, Conn., Dec. 30, 2020 /PRNewswire/ — Horizon Technological know-how Finance Company (NASDAQ: HRZN) (“Horizon”), a foremost specialty finance business that offers money in the variety of secured financial loans to venture cash backed providers in the technological innovation, existence science, healthcare facts and products and services, and sustainability industries, declared nowadays it has funded $13 million of a $15 million enterprise loan facility to Alula Holdings, LLC (“Alula”), which facility will refinance current debt as properly as offer typical doing work capital.

Alula types and manufactures protection techniques bought solely to skilled distributors and sellers, supplying them a total conclude-to-close solution that integrates components and interactive providers for a seamless safety, automation and movie expertise. Alula presently companions with over 3,500 security dealers in the U.S., and its solutions can be white labeled for the supplier or have the Alula brand name.  The company was established by Abs Money Partners and Adams Street Companions.

“With its integrated technological abilities and its solid partnerships with stability sellers, Alula is properly positioned to boost its stake in the multi-billion dollar household and little small business stability phase,” mentioned Gerald A. Michaud, President of Horizon. “Alula’s sophisticated wi-fi and 5G prepared capabilities placement the company to be successful in both of those the swiftly increasing do-it-on your own market place, as perfectly as the legacy do-it-for-me industry of extra standard protection. We are pleased to further more assist Alula as it executes on its long term growth initiatives.”

“We enjoy Horizon’s assistance of Alula and our revolutionary protection technology,” stated Brian McLaughlin, Alula’s Main Executive Officer. “With most People continuing to spend extra time at house, the want for productive stability is a lot more critical than at any time, and the connectivity of our security solutions ideally place us to attain market place share. Horizon’s help of Alula will empower us to add new capabilities to our system and additional expand our suite of safety remedies.”

About Horizon Technological know-how Finance

Horizon Technological know-how Finance Corporation (NASDAQ: HRZN) is a primary specialty finance organization that delivers money in the type of secured loans to undertaking funds backed businesses in the know-how, everyday living science, healthcare facts and solutions, and sustainability industries. The financial commitment aim of Horizon is to increase its investment portfolio’s return by building present-day profits from the debt investments it makes and funds appreciation from the warrants it receives when making this sort of credit card debt investments. Headquartered in Farmington, Connecticut, Horizon also has regional workplaces in Pleasanton, California and Reston, Virginia. To find out much more, you should check out www.horizontechfinance.com.  

About Alula

Alula is the only all-in-one stability and home automation system intent-developed for modern independent stability and installation experts. From sensors to hub to network, Alula delivers a total, conclusion-to-conclusion remedy and a person accountable associate. Currently, 1000’s of partners across North The usa have in excess of 300,000 energetic destinations secured and linked with Alula. Created for industry experts, the Alula platform delivers a entire safety, automation and video clip resolution for renters, house owners and business installations. Alula is a organization-driven system developed to lessen truck rolls, improve RMR, simplify stock and put present day experienced providers in management of their business, their prospects and their income. The Alula system is available nationwide as a result of distributors that cater to the alarm and integrator industry. For much more info about Alula, visit https://alula.com.

Forward-On the lookout Statements

Statements bundled herein may represent “ahead-wanting statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historic facts involved in this press release may represent ahead-wanting statements and are not ensures of long term efficiency, issue or effects and involve a variety of hazards and uncertainties. Genuine outcomes may possibly differ materially from those in the forward-on the lookout statements as a consequence of a range of factors, such as those people described from time to time in the Firm’s filings with the Securities and Exchange Fee. Horizon undertakes no obligation to update any forward-searching statement designed herein. All ahead-searching statements talk only as of the day of this push launch.

Contacts:

Trader Relations:
ICR
Garrett Edson
[email protected]
(860) 284-6450

Media Relations:
ICR
Chris Gillick
[email protected]   
(646) 677-1819

Supply Horizon Technological know-how Finance Company

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http://www.horizontechfinance.com

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