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