Bloomington Minnesota based Arc Suppression Technologies is raising $3,000,000.00 in New Equity Investment.
Bloomington, MN – According to filings with the U.S. Securities and Exchange Commission, Arc Suppression Technologies is raising $3,000,000.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Robert Thorbus played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.
About Arc Suppression Technologies
Arc Suppression Technologies has designed, engineered and patent protected a line of NOsparc arc suppressors that are truly revolutionary. This simple yet novel technology eliminates more than 99.9% of the contact arc energy, which, in turn, greatly reduces damage to the switch contacts. The compelling result is that NOsparc arc suppressors extend the operational lifetime of an electromechanical switch by 10 times or more. In simple terms, if the replacement interval of a switch in a specific application is six months, the addition of a NOsparc arc suppressor would extend that interval to five years, producing cost savings equal to nine replacements in addition to the many hours of preventative maintenance that will no longer be necessary.
To learn more about Arc Suppression Technologies, visit http://www.arcsuppressiontechnologies.com/
Contact:
Robert Thorbus, Chief Executive Officer
612-889-2919
rthorbus@arcsuppressiontechnologies.com
https://www.linkedin.com/in/bobthorbus/
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