Stubbs Alderton & Markiles, LLP announced that it advised client Equipois in its acquisition by Granite State Manufacturing, a leading contract manufacturer of specialized equipment for the defense, medical, semiconductor, and industrial market segments. Equipois is the award-winning developer of zeroG and X-Ar exoskeletal arm technologies.
Equipois’ patented technology enables workers to maneuver tools and other objects as if weightless, boosting productivity and eliminating workplace injuries for a wide range of industrial applications. The technology has won recognition for its innovation, including a 2011 Wall Street Journal Technology Innovation Award. Naval Sea Systems Command (NAVSEA) has utilized Equipois technology in their efforts to create a modern-day “iron man”, providing sailors with the ability to minimize the time and effort required for labor-intensive maintenance such as preservation work on a ship’s hull. Many of the world’s largest companies in aerospace, defense, automotive, heavy machinery, and other manufacturing industries are implementing the technology as a significant enhancement to human performance and safety.
Eric Golden, CEO of Equipois Inc., said “Granite State Manufacturing enjoys deep expertise serving the industries where our technology adds the most value. I am delighted that Equipois has found an owner that will invest in the capabilities of the technology and bring the products to the next level.”
SAM Partner Louis Wharton advised Equipois in this transaction.