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SatCon Sells Ling Shakers To QualMark
December 15th, 2005
SatCon Technology Corporation today announced that it has sold its Ling Shaker and Amplifier product line to QualMark Corporation of Denver, Colorado for approximately $2.3 million in cash. Under the Ling Products name, SatCon has manufactured and sold electrodynamic shakers through the Power Systems Division located in Worcester, Massachusetts. This asset sale includes the intellectual property, manufacturing equipment and tooling and inventory for the Ling shaker products and the Kimball shaker accessories line.
According to QualMark president Charles Johnston, QualMark will relocate the business to the QualMark ACG facility in West Haven CT as soon as possible, and will take over the management of this product line immediately.
Entry Filed under: Environmental/Durability Test
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