Flow capital INVESTS IN TELECOM INFRASTRUCTURE FIRM, NOVATION enterprises

TORONTO, April 08, 2020 (GLOBE NEWSWIRE) -- Flow Capital Corp. (TSXV: FW) (“Flow Capital”, “Flow” or the "Company") today announces that it has made a royalty investment in Novation Enterprises (“Novation”).  Based in the Washington D.C. area, Novation Enterprises is a veteran-owned, veteran-operated business that builds critical Internet infrastructure, including 5G wireless and fiber optic networks. 

In partnership with national carriers and infrastructure companies, Novation recruits, certifies, and deploys transitioning military and under-employed veterans into the civilian workforce that is building the next generation of telecommunications infrastructure. Politico recently reported that nearly half of all US wireless carriers “believe the coronavirus pandemic will increase demand for telecommunications infrastructure, given the rise in households living and working remotely.”

“Flow Capital’s investment is not only a commitment to Novation’s business model and vision, but to our industry as a whole. With the national investment in 5G, fiber, and IOT applications over the next five years, there is no better investment in our future than providing our Nation’s warriors with the careers they want, need, and deserve,” stated P. Kelley Dunne, CEO of Novation Enterprises and Chairman & Co-Founder of Warriors4Wireless.org.

“We are very pleased to be partnering with Kelley Dunne and team,” said Robb McLarty, Chief Investment Officer of Flow Capital. “We are strong believers in the mission and potential of Novation, and its national warrior workforce, to help deploy the critical telecommunications infrastructure needed for a strong economic recovery.”

While the COVID-19 pandemic has created a challenging situation for many, Flow Capital is continuing to invest and provide long-term partnership to a diverse range of businesses during this crisis. With an emphasis on supporting well-managed companies, Flow is focused on ensuring that companies providing essential services are well-positioned during these turbulent times.

About Flow Capital

Flow Capital Corp. is a diversified alternative asset investor and advisor, specializing in providing minimally dilutive capital to emerging growth businesses. To apply for financing, visit www.flowcap.com.

For further information, please contact:

Flow Capital Corp.

Alex Baluta
Chief Executive Officer
[e-mail]

1 Adelaide Street East, Suite 3002,
PO Box 171,
Toronto, Ontario M5C 2V9

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