Syntax-Brillian Raises $20M in Financing

Syntax also said it formed a partnership with TECO and Taiwan Kolin Company Ltd., under which Kolin will oversee supply chain management and product development for some TECO-branded products that will be distributed in Taiwan and other parts of the world.

TECO will provide supply chain financing of as much as $100 million to buy components for Olevia-branded LCD televisions, the company said.

Syntax shares declined 26 cents, or 3.7 percent, to $6.70 in morning trading.