We present the discovery of 61 wide (>5 arcsecond) separation, low-mass(stellar and substellar) companions to stars in the solar neighborhoodidentified from Pan-STARRS\,1 (PS1) data and the spectral classification of 27previously known companions. Our companions represent a selective subsample ofpromising candidates and span a range in spectral type of K7-L9 with theaddition of one DA white dwarf. These were identified primarily from adedicated common proper motion search around nearby stars, along with a few asserendipitous discoveries from our Pan-STARRS1 brown dwarf search. Ourdiscoveries include 24 new L dwarf companions and one known L dwarf notpreviously identified as a companion. The primary stars around which wesearched for companions come from a list of bright stars with well-measuredparallaxes and large proper motions from the Hipparcos catalog (8583 stars,mostly A-K~dwarfs) and fainter stars from other proper motion catalogues (79170stars, mostly M~dwarfs). We examine the likelihood that our companions arechance alignments between unrelated stars and conclude that this is unlikelyfor the majority of the objects that we have followed-up spectroscopically. Wealso examine the entire population of ultracool (>M7) dwarf companions andconclude that while some are loosely bound, most are unlikely to be disruptedover the course of $\sim$10 Gyr. Our search increases the number of ultracool Mdwarf companions wider than 300 AU by 88% and increases the number of L dwarfcompanions in the same separation range by 96%. Finally, we resolve our new Ldwarf companion to HIP 6407 into a tight (0.13 arcsecond, 7.4 AU) L1+T3 binary,making the system a hierarchical triple. Our search for these key benchmarksagainst which brown dwarf and exoplanet atmosphere models are tested hasyielded the largest number of discoveries to date.
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