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Seakeeper was founded in 2002 for the purpose of researching, developing, and marketing motion control devices for boats under 70 meters. The founders are Shepard McKenney and John Adams. McKenney previously owned Hinckley Yachts and developed their innovative JetStick technology, a fly by wire control system for jet powered boats. Adams previously owned a ship motion control company which, under his leadership, became the world leader in motion control for high speed ships. From 2002 through 2007, McKenney and Adams, together with employees who were involved with their previous ventures, completed the research and development for the SEAKEEPER GYRO and began manufacturing and sales of the product. The Company is backed by venture capital funding which puts it in the position of having no debt and a strong source of cash to support its manufacturing and sales initiatives. The Company's headquarters and engineering facilities are located in Solomons, Maryland, USA which is about 55 miles (90 kilometers) south of Washington, DC. The Company's philosophy is to outsource manufacturing of the product to suppliers who are experts in their respective areas. In parallel with the product development efforts, the Company has developed a strong portfolio of outsourcing partners who provide a solid manufacturing foundation. The Company has a 10,000 square foot (1000 square meter) assembly facility located in the state of Pennsylvania where units are assembled and tested by the company's strategic outsourcing partner JOMA Machine Company under the supervision of the company's manufacturing engineering and quality employees.