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.
SANTA MONICA, Calif. (PRWEB) 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 http://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 http://www.terrapinpartners.com.