• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • About
    • Contact
    • Privacy
    • Terms of use
  • Advertise
    • Advertising
    • Case studies
    • Design
    • Email marketing
    • Features list
    • Lead generation
    • Magazine
    • Press releases
    • Publishing
    • Sponsor an article
    • Webcasting
    • Webinars
    • White papers
    • Writing
  • Subscribe to Newsletter

Robotics & Automation News

Where Innovation Meets Imagination

  • Home
  • News
  • Features
  • Editorial Sections A-Z
    • Agriculture
    • Aircraft
    • Artificial Intelligence
    • Automation
    • Autonomous vehicles
    • Business
    • Computing
    • Construction
    • Culture
    • Design
    • Drones
    • Economy
    • Energy
    • Engineering
    • Environment
    • Health
    • Humanoids
    • Industrial robots
    • Industry
    • Infrastructure
    • Investments
    • Logistics
    • Manufacturing
    • Marine
    • Material handling
    • Materials
    • Mining
    • Promoted
    • Research
    • Robotics
    • Science
    • Sensors
    • Service robots
    • Software
    • Space
    • Technology
    • Transportation
    • Warehouse robots
    • Wearables
  • Press releases
  • Events
genesis livedrive exoskeleton

Genesis Robotics enters into strategic venture with Koch

April 14, 2018 by Sam Francis

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.” 

LiveDrive, a revolutionary direct-drive electric actuation technology, provides significantly higher torque to weight ratio, zero backlash, greater speed and higher precision than current offerings.

“Genesis has developed technologies that will change the way robots are built and move,” added James Klassen, inventor of LiveDrive and chief technology officer of Genesis Robotics.

“Koch’s global reach in marketing and commercialization, as well as their history of successfully growing businesses, will allow us to continue to work with industry-leading companies who can benefit from incorporating our technologies into their offerings.”

Bob DiFulgentiz, KCTG president and chief operating officer, said, “Our significant investment in Genesis Robotics enables Koch to partner with a team developing disruptive technologies in the rapidly growing robotics market.

We are pleased that James Klassen will continue to lead technology development for this venture, and we look forward to many more innovations from James and the entire Genesis Robotics team.”

Rothschild & Co. served as financial advisor and Sullivan & Cromwell LLP acted as legal counsel to Genesis Advanced Technology. Jones Day acted as legal counsel to KCTG.

Print Friendly, PDF & Email

Share this:

  • Click to print (Opens in new window) Print
  • Click to share on Facebook (Opens in new window) Facebook
  • Click to share on LinkedIn (Opens in new window) LinkedIn
  • Click to share on Reddit (Opens in new window) Reddit
  • Click to share on X (Opens in new window) X
  • Click to share on Tumblr (Opens in new window) Tumblr
  • Click to share on Pinterest (Opens in new window) Pinterest
  • Click to share on WhatsApp (Opens in new window) WhatsApp
  • Click to share on Telegram (Opens in new window) Telegram
  • Click to share on Pocket (Opens in new window) Pocket

Related stories you might also like…

Filed Under: Sections A-Z Tagged With: genesis advanced technology, genesis robotics, livedrive

Primary Sidebar

Search this website

Latest articles

  • The Silent Signal Crisis: How AI in E-commerce is Only as Smart as the Data it Misses
  • Sunrise Robotics emerges from stealth with $8.5 million funding
  • Industrial vehicle automation specialist ASI opens new office in Utah
  • Premier Automation launches innovation hub with support from Pennsylvania
  • Opinion: AI’s ‘real value is in eliminating everyday inefficiencies’
  • MES & Industry 4.0 Summit kicks off in Porto with global manufacturing leaders
  • Agentic AI startup Landbase raises $30 million in Series A funding
  • Dürr and GROB showcase new concept factory for battery cell production
  • Drone delivery: Navigating the path from high-flying hype to last-mile reality
  • The autonomous future of the warehouse: How AMRs are redefining logistics

Secondary Sidebar

Copyright © 2025 · News Pro on Genesis Framework · WordPress · Log in

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT