Lilliputian Systems, a developer of portable power products for electronic devices, will expand its Wilmington manufacturing plant with help from a $5 million loan issued by MassDevelopment and the Massachusetts Clean Energy Center.
MassDevelopment, the lead lender, is providing $2.5 million from its emerging technology fund. The Massachusetts Clean Energy Center (MassCEC) is also providing $2.5 million.
"High-tech manufacturing is a critical component of our economic future," said MassDevelopment President and CEO Robert L. Culver. "We’re proud that Lilliputian Systems has chosen to expand in Wilmington and keep on making its innovative products in the Bay State."
Lilliputian Systems plans to use the funds to purchase equipment used in manufacturing and assembling key components of the company’s portable power product, USB Mobile Power System, as part of an expansion of the Wilmington site.
"We are encouraged by the state’s support of our business and we are pleased to be expanding the local economy and reinforcing our Massachusetts roots," said Lilliputian Systems CEO Ken Lazarus. "The loan from MassDevelopment will help fund the expansion of our Wilmington operations to manufacture key components of our silicon power vells for delivery to customers worldwide."
