Bainbridge Island’s Airbiquity Inc. recently received $1.5 million in equipment financing from California’s Silicon Valley Bank. Airbiquity, a wireless voice and data technology company which specializes in global positioning system (GPS) technology, will use the financing for office equipment, furniture and telecom equipment.

“More than just dollars, Airbiquity appreciates the value that Silicon Valley Bank brings to our company,” said Marty Heimbigner, vice president of finance and accounting for Airbiquity. “This available resource will help us continue our tremendous growth within the location commerce space.”

Airbiquity is a location technology company that delivers GPS data to any wireless network worldwide. The company’s patented aqLink™ software enables wireless carriers, automobile manufacturers, commercial call centers and Internet portals to offer their subscribers location-based services that enhance productivity, manage assets, and deliver personalized content.

The majority of GPS companies require the wireless carrier to make changes to their systems, often times via additional capital expenditures, in order to implement the GPS technology. Airbiquity is unique because it uses the carrier’s existing voice channel to carry its signal from the source to the respondent, thus allowing the carrier to forego system changes and capital expenditures.

Airbiquity’s premier product is the breakthrough GPS Accessory, which combines its aqLink software with commercial GPS to instantly deploy Location Commerce™ services on any wireless network. Airbiquity’s patented Push-to-Pinpoint™ technology puts privacy first by allowing wireless subscribers to control the release of their personal location with the touch of a button.

“Airbiquity is a leader in the wireless space because of the unique way they’re positioned,” said Art Hiemstra, manager of Silicon Valley Bank’s Seattle office.

“As the revenue stream from existing and new Airbiquity clients grows, Silicon Valley Bank’s relationship with them will continue to develop. Silicon Valley Bank will stand ready to meet their needs with additional equipment financing as their customer and employee base grows.”

Silicon Valley Bank serves emerging growth and middle market companies in targeted niches, focusing on technology and life sciences, while also addressing other specific industries. The Bank operates throughout the Silicon Valley: Santa Clara, Palo Alto and Sand Hill, which is the center of the venture capital community in California.

California offices include: Irvine, Los Angeles, Napa Valley, San Diego, San Francisco, Santa Barbara, and Sonoma, as well as branches in Phoenix, Boulder, West Palm Beach, Atlanta, Chicago, Boston, Minneapolis, Durham, Portland, Philadelphia, Austin, Dallas, Northern Virginia, and Seattle.