Stubbs Alderton & Markiles lawyers Scott Alderton and Sean Greaney helped client Equipois, Inc. conclude a Funding Support and Option Agreement with California Capital Equity, which closed on September 17, 2010. The Agreement fully funds the operations of Equipois in an undisclosed amount over a five year period, and grants an option to California Capital Equity to acquire Equipois.
Equipois designs and manufactures technologies that allow tools, parts, and other payloads to be maneuvered as if weightless with freedom of motion. The Company’s flagship product is the ZeroG2 Arm, which enables workers to maneuver tools and parts, eliminating the strain and fatigue associated with repetitive tasks. The Company’s products are compatible with various tools, such as sanders, grinders, buffers, nut runners, drills, and torque tools. Equipois serves automotive, commercial aerospace, defense, heavy machinery, and other manufacturing industries. Equipois was founded in 2006 and is based in Los Angeles, California. You can learn more about Equipois at www.equipoisinc.com.