Farmington lender Horizon Technology Finance Corp. is co-lender on $10 million in financing to a California supplier of wireless connectivity for cellphones and other mobile and cable-TV devices.
Horizon said Tuesday that it and Bridge Bank, of San Jose, Calif., are 70-30 co-makers on the venture loan to finance the operations expansion of Newport Media Inc., of Lake Forest, Calif.
Horizon provided $7 million to Newport and Bridge the rest, authorities said.
Newport Media’s semiconductor technology provides wireless connectivity for cellphones, digital TVs, set-top cable-TV boxes and other gear, according to its homepage.
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Customers include Samsumg, LG and Motorola.
