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Genesis Robotics enters into strategic venture with Koch

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Genesis Advanced Technology and KCTG, the industrial-technology and engineered-equipment unit of Koch Industries, announced today Genesis Robotics, a subsidiary of GAT, has received a strategic, controlling investment from Koch.

Under the companies’ agreement, they will form a new company – Genesis Robotics and Motion Technologies (Genesis Robotics) – to commercialize innovative electric motor and actuation technologies, including the LiveDrive actuator, that will advance robotics designs and platforms.

“We are excited to partner with Koch to commercialize LiveDrive as well as our other pioneering technologies,” said Michael Gibney, president of Genesis Advanced Technology.

“The investment will enable us to further our work on mechanical inventions to benefit society.”  [Read more…] about Genesis Robotics enters into strategic venture with Koch

A smooth revolution: Exclusive interview with Genesis Robotics CEO

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There’s been a lot of talk about, and tremendous interest in, Genesis Robotics because of its new invention, the LiveDrive, an actuation system which could not only revolutionise industrial robotics and automation, but could also transform automotive vehicles as well as change many other machines, devices and whole sectors. 

But for the people behind the technology, one especially interesting potential application for LiveDrive is exoskeletons and what the company calls “assistive robots”, which they see as being in virtually every home in the future.

In this exclusive and wide-ranging interview, Robotics and Automation News talks to Mike Hilton, CEO of Genesis Robotics, about its development of LiveDrive, its potential applications, as well as the company’s negotiations for the licensing of its technology as well as the possibility of an acquisition.  [Read more…] about A smooth revolution: Exclusive interview with Genesis Robotics CEO