Monday, September 9, 2013

Equipois Acquired By Granite State Manufacturing

Los Angeles-based Equipois, the developer of ergonomic, mechanical arm technology used in the manufacturing and industrial industry, has been acquired by Granite State Manufacturing, a contract manufacturer of specialized equipment for the defense, medical, semiconductor, and industrial market segments. Financial terms of the deal were not disclosed.

According to Granite State Manufacturing, it acquired the assets of Equipois and that the employees of the company have joined Granite State Manufacturing. Equipois developed the ZeroG and X-AR exoskeletal arm technologies, which were used to allow the movement of heavy objects as if they were weightless. The firm's technology was based on the technology behind Hollywood's Steadicam.

Equipois was headed by Eric Golden, and had been backed by such investors as Penny Black, Terrapin Partners, and others.

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