Genesis Advanced Technology

Koch Chemical Technology Group (KCTG), a unit of Koch Industries, made a strategic and controlling investment in Genesis Advanced Technology. A new company, Genesis Robotics and Motion Technologies, will commercialize electric motor and actuation technologies including the LiveDrive actuator. Financial terms were not disclosed.

Koch Chemicals Technology Group made a strategic controlling investment in Genesis Robotics, a subsidiary of Genesis Advanced Technology, forming Genesis Robotics and Motion Technologies to commercialize electric motor and actuation technologies.