Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=469771eb-cbdf-448c-b0b6-dcb953555c21&Preview=1
Date 1/13/2009
Company Name Alter-G
Mailing Address 48438 Milmont Dr Fremont, CA 94538
Company Description Unlike other impact reducing products (underwater treadmills, harness systems, elliptical machines, stationary bikes, etc.), Alter-G’s products promote natural movement and comfort while controlling the amount of impact experienced. By harnessing the power of air pressure, Alter-G’s products safely offer a full range of body weight reduction (3 – 80%) with very good weight control accuracy (+/- 2% of full body weight). AlterG’s high tech control system also allows for very fine adjustment (resolution of 1% BW), offering the user the ability for the first time to gradually add or subtract weight, depending on specific application.
Proceeds Purposes The company will use the proceeds in four key areas that will help to further accelerate its growth: expand sales and services globally, increase rate of clinical research, add to product development capabilities and build additional intellectual property.