Persimmon Technologies Receives Investment from ABB Technology Ventures

Persimmon_LogoPersimmon Technologies, a Wakefield, Mass.-based provider of hybrid-field motor technology, received an investment from ABB Technology Ventures.

The amount of the financing was not disclosed.

The company intends to use the funds to expand both its existing vacuum robotics product portfolio and invest further in the development of the hybrid-field technology.

Launched in 2011 and led by¬†Michael W. Pippins, President and Chief Executive Officer,¬†Persimmon has been developing hybrid-field motor technology to make motor components using 3D deposition processes that aim to increase power density, eliminate manufacturing steps and reduce component costs. The company’s first prototype motor concept increases the stator effective area and produces a higher output motor with comparable size and material cost.

It is the exclusive reseller for Nidec Sankyo atmospheric robots in the United States.

FinSMEs

06/02/2014

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14/01/2013: Persimmon Technologies Closes $5.8M Series B Funding

 

For more information on Persimmon technology, please visit www.persimmontech.com.

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