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Persimmon Technologies Corp. Expands, Improves Wakefield Facilities With $1.5M MassDevelopment Loan

Oct 29, 2013 | Reprints | Unlock Link | Print

A Persimmon 8 robot with Quad Ams. MassDevelopment has provided a $1.5 million loan from its emerging technology fund to Persimmon Technologies Corp. in Wakefield.

The company will use proceeds for manufacturing and testing equipment, facility improvements at 200 Harvard Mill Square and working capital. Persimmon recently began leasing an additional 10,000 square feet of space at Harvard Mill Square to expand its manufacturing and testing operations.

Persimmon Technologies Corp. develops and manufactures vacuum robots for the semiconductor, LED, data storage, solar and flat panel display equipment markets, along with hybrid-field electric motors for broad market applications.

"Persimmon’s innovative approach to robotics showcases the dynamic, highly skilled nature of manufacturing in Massachusetts," MassDevelopment President and CEO Marty Jones said in a statement. "We’re pleased to provide this Emerging Technology Fund loan to help the company expand in Wakefield."

Commercial & Industrial