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TMCNet:  BRIEF: Persimmon Technologies raises $5.8M

[January 14, 2013]

BRIEF: Persimmon Technologies raises $5.8M

Jan 14, 2013 (Boston Herald - McClatchy-Tribune Information Services via COMTEX) -- Persimmon Technologies Corp., a Wakefield-based vacuum robotics company, said today it has secured $5.8 million in a second round of funding.

Intel Capital and The Bernard M. Gordon Charitable Remainder Trust join Nidec Sankyo as major equity holders in the company, officials said.

The new funding will help Persimmon expand its vacuum robotics product portfolio, invest further in the development of its hybrid-field motor technology, expand global distribution and ramp up manufacturing operations, the company said.

Vacuum robot technology "is innovative in mechanical design, controls technology and advanced software," while Hybrid-field technology "replaces the traditional stamped and laminated sheet metal motor stators with spray deposition technology developed in part from Persimmon's experience in semiconductor technology," the company added.

___ (c)2013 Boston Herald Visit the Boston Herald at www.bostonherald.com Distributed by MCT Information Services

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