Equipois Inc., Manufacturer of the Revolutionary zeroG? Ergonomic Support Arm, Closes Series B Investment Round Led by Terrapin Partners, LLC
SANTA MONICA, Calif. (Business Wire EON) May 21, 2008 -- Designed by renowned inventor Garrett Brown, Equipois' zeroG? technology utilizes a patented spring, cam and gimbal-based architecture to "float" objects as if virtually weightless while allowing them to be maneuvered almost effortlessly, with full range of motion and functionality. By significantly decreasing the exertion required to operate tools and manipulate other objects while performing work tasks, the zeroG? technology reduces workplace injuries that are estimated to cost U.S. businesses more than $200 billion each year. The zeroG? can also enhance productivity by increasing the speed and accuracy of workplace tasks for manufacturing, bioscience, and a range of other applications. Equipois launched its first product line, the zeroG4, at the Applied Ergonomics Conference in March, 2008.
Jason Weiss, principal of Terrapin Partners, LLC, said: "We are very impressed with the zeroG technology and its potential to address fundamental challenges faced by manufacturers, including an aging workforce and escalating health care costs. The Equipois team has started the company on a high growth trajectory, and we look forward to helping them continue on this successful path."
Eric Golden, President and CEO of Equipois Inc., said: "We are excited to partner with an investor group that not only brings growth capital, but a wealth of experience in helping emerging growth companies achieve long-term success. This funding round gives Equipois the resources to implement a broad roll-out of the zeroG? technology to help businesses reduce injuries and increase productivity."
ABOUT EQUIPOIS INC.
Founded in 2006, Equipois designs and manufactures revolutionary technologies that allow tools, parts or equipment to be maneuvered as if weightless, but with full range of motion. The company's patented zeroG? systems are designed to support a range of manufacturing, heavy industrial, bioresearch, medical and other applications in order to reduce workplace injuries and associated costs while increasing productivity. For further information, visit www.equipoisinc.com.
ABOUT TERRAPIN PARTNERS, LLC
Terrapin Partners, LLC, founded in 1998, specializes in private equity investing and asset management. Terrapin invests at any stage in a company's development. Terrapin seeks solid risk adjusted investment opportunities that balance investment terms and return expectations with each stage of corporate development. Since inception, Terrapin's private equity investments have generated returns ranking Terrapin in the top decile of performance. Terrapin's affiliated asset management firm, Terrapin Asset Management, LLC ("TAM"), has two products: a multi-manager, multi-strategy "fund of funds" and a hedge fund focused exclusively on the water sector. In aggregate, TAM manages more than $600 million of capital for institutional investors and high net worth individuals. For further information, visit www.terrapinpartners.com.
Related Articles:
JellyBasket - Order Palmalito guava jelly by the case or gift basket!
Palmetto Canning Co., Inc. - Contract Packaging in glass or plastic for sauces, marinades, and other food products
CareMetix, Inc. - Contract Packaging for tube filling, form fill and seal, wet or dry chemical products including polyvinyl packaging.
Life Science Manufacturer Survey Highlights Lack of CFO Confidence in Compliance and Contracting Processes
Results from AMR Research Survey Highlight Growing Importance of CFOs in Revenue Management Technology Decisions, Expose Critical Gaps in Tracking Contract Performance
Denver's Top Search Engine Marketing Firm is Ready to Promote Air Cannons Inc. -- a Manufacturer and Distributor of Custom Air Cannons
Air Cannons is ready to expand their online presence by joining forces with a leading web design and marketing agency out of Denver, Colorado.
Indian Kurti Tunic Top Manufacturer
The Kurti is one of the biggest fashion formulae created by fashion pundits. It suits every age and season. Indian Kurti Tunic is the ideal for year around wear. All you need to ensure is the right fabric, the right color, the right silhouette, and the right surface design at the right time. Indian Fashion goes through a cycle of birth and rebirth of styles. Quintessentially Indian, the kurti has made a great comeback. It has been sailing strong for the past three seasons and can be worn anytime anywhere!
Portable Climbing Walls Manufacturer Achieves Success at the Largest Entertainment Trade Show on the Pacific Rim
Portable Climbing Walls Manufacturer, Extreme Engineering, achieved success when it attended the largest trade show for the entertainment industry in May 2007. Both, Extreme Engineering's newest Mobile Climbing Wall, the Mobile 2 Climber, and its patented Spider Zone climbing system, received rave reviews.
Wego Kite Tube Manufacturer Urges Boaters to Return Product for Exchange
Voluntary withdraw of Wego Kite Tube continues as summer nears.
Gibson Acoustic & Electric Guitar Manufacturer Announces Newly Designed Gibson.com Guitar Website
New guitar site features including electric/acoustic/bass online guitar lessons, blogs, contests, downloads, video, podcasts, guitar player artist interviews, and news create exciting changes for the popular Gibson musical instruments web site.
"Paper Bag Manufacturer Leads Industry With Bold New Safety Initiatives"
Paper bags manufacturer, Duro Bag, is implementing new world class safety procedures. This includes online document management at www.durobag.com for instantaneous access to improved procedures. Increased safety, health, and productivity will lead the industry.
Online Customer Showcase to Educate Machine Shops and Manufacturer
Boosting competitiveness in the machining industry is being shared by machine tool manufacturer Slater Tools Inc. and its customers. Slater's new online Rotary Broaching Customer Showcase combines customer experience with the company's knowledge of the technology.
Anti aging 'ONE' cream by skin care manufacturer Isomers provides slow release moisture for face
Anti aging 'ONE' cream by skin care manufacturer Isomers provides slow release moisture for face
Tissue Manufacturer Replaced Two Basket Strainers with One Self-Cleaning Filter, which Resulted in Greater Profits
A United States Tissue Manufacturer was using two mesh basket strainers within their Paper Processing line. The strainers preceded their glue application nozzles, and their main responsibility was to filter out the large glue particles before they migrated into the spray nozzle path. If the particles were not removed, the spray nozzles integrity would be compromised which was very expensive to fix.