LOS ANGELES – Mayor Villaraigosa today joined Equipois President and CEO Eric Golden, and prominent investor and philanthropist Dr. Patrick Soon-Shiong announced that Equipois, Inc., the designer and manufacturer of the award-winning zeroG® exoskeletal arm technology, is opening a new headquarters and manufacturing facility in Los Angeles.
“Equipois’ expansion is a testament to the City’s commitment to supporting the specialized needs of small businesses and retaining and creating the high-tech, innovative jobs that come with them,” Mayor Villaraigosa said. “The creation of the City’s first-ever small business team has strengthened our commitment to helping small businesses like Equipois reach their fullest potential.”
Equipois recently outgrew their Hollywood facility and, despite being wooed by cities from around the country, decided to stay and grow in Los Angeles thanks to the City’s unparalleled resources including: leading universities, thriving entertainment and high tech sectors, and the City’s commitment to addressing their specific business needs. “We chose to stay in Los Angeles because the culture of innovation, the immensely talented labor pool, the manufacturing base and the support network all make the city an ideal place for high-growth companies,” said Eric Golden, Equipois’s President and CEO.
The new 12,000 square foot headquarters and manufacturing facility will be home to one of the country’s most innovative and emerging companies. Equipois was named Most Innovative Company in North America by the 2010 International “Stevie” Awards, and Bloomberg profiled them as one of “America’s Most Promising Start-ups.”
The company is expected to triple its revenue from last year and increase its staff by 50%. Equipois pioneered zeroG® technology, which allows workers to maneuver tools and other objects as if they were weightless and with an unparalleled range of motion. It enables companies to reduce workplace injuries and increase quality and productivity. The annual returns on company’s investment can reach 200-500%. Many of the world’s top companies in aerospace, automotive, metal finishing, and other manufacturing industries have adopted zeroG® as a new best practice.
ABOUT EQUIPOIS INC. Founded in 2006, Equipois designs and manufactures revolutionary dynamic exoskeletal technologies that support the musculoskeletal system while allowing full spatial and rotational freedom of motion. The company’s patented zeroG® and x-Ar™ systems are designed to support a range of manufacturing, heavy industrial, bioresearch, medical, defense and other applications in order to increase productivity and safety. For more information, visit http://www.equipoisinc.com.