Date: Mar 21, 2012 Author: Don Seiffert Source: Mass High Tech (
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Persimmon Technologies Corp. of Wakefield, which provides direct drive vacuum robotics, has received $2 million in equity financing, according the federal documents.
The funding is half of the $4 million sought by the company, and came from a single investor, who was not named in the filing.
Persimmon Technologies website says it is the developer, manufacturer, and distributor of atmospheric and vacuum robotics, vacuum modules, and automation systems for a range of industries, including semiconductor, data storage, LED, OLED, solar and flat panel display equipment markets. Its goal is to be the largest vacuum robotics company serving the semiconductor, LED and solar markets by 2020.
The company says it's the exclusive sales representative in the U.S. for Nidec Sankyo atmospheric robotic products, an $8 billion company traded on the NYSE and Tokyo Stock Exchanges, and one of the largest manufacturers of motors for industrial and consumer applications. Nidec Sankyo is headquartered in Nagano, Japan with robot manufacturing facilities in Japan, Taiwan and China.
President and CEO Michael Pippins founded Persimmon Technologies in 2010. Previously, he was president of the automated systems group for Brooks Automation Inc., an automation hardware developer in Chelmsford, according to the Boston Business Journal. Pippins also worked at Varian Semiconductor Equipment, ASM Ion Implant, and Leybold Heraeus. He received his Certificate of Special Studies in business administration at Harvard University, subsequent to his Bachelor of Science degree in electrical engineering with high honors at Southern Polytechnic State University in Marietta.
