SatCon Technology Corporation (SATC) 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.
“Selling this business will facilitate SatCon’s Power Systems increasing focus on the alternative energy markets, providing high power solar, fuel cell and wind inverters and precision motors and components to the hybrid electric vehicle markets” noted Millard Firebaugh, SatCon President and Chief Operating Officer.
QualMark President Charles Johnston said, “We look forward to relocating this business to our QualMark ACG facility in West Haven CT as soon as possible, and will take over the management of this product line immediately.”
SatCon Power Systems Division will continue to design, manufacture, market and service the Starsine variable frequency converters under the SatCon trademark.
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