Endeavour Provides $10MM Working Capital Facility to Vita Inclinata

Vita Inclinata, a developer and producer of helicopter and crane load stabilization and precision hardware, entered a partnership with Endeavour, a financial services platform supporting contractors for the U.S. federal government. Through the partnership, Endeavour will provide Vita with a working capital facility to help fuel the company's operational and growth objectives.

Endeavour is providing non-dilutive financing of approximately $10 million in available capital for contract capture and expansion purposes. The facility is backed by Vita's federal and commercial accounts receivable and federal contract awards. Endeavour is recognized by the U.S. Department of Defense as a trusted capital provider of non-dilutive finance to companies in the U.S. national security and space industries.

"As a Department of Defense trusted capital provider, we specialize in allocating unique financial services, and given Vita's incredible growth and inroads into the U.S. federal government, we are well-aligned," Chris Lay, CEO of Endeavour, said. "Vita wants to expand and can now easily do so by leveraging our working capital facility while avoiding taking any further equity dilution of its shareholder base."

"We believe our relationship with Endeavour will help us to expand our operations and move quickly within a dynamic supply chain environment," Caleb Carr, president and CEO of Vita, said. "This agreement will ultimately help us bring a life-saving product to market more quickly, making our customers' operations safer."