Genesis Robotics Enters into Strategic Venture with Koch

Receives Significant Investment from Koch

WICHITA, Kan.–(BUSINESS WIRE)–#Koch–Genesis Advanced Technology (GAT) 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.

About KCTG

Koch Chemical Technology Group, LLC (KCTG) and its subsidiaries design,
manufacture, install and service process and pollution control equipment
for industries and municipalities worldwide. Subsidiaries include
Koch-Glitsch, LP; Koch Membrane Systems, Inc.; Koch Heat Transfer
Company, LP: John Zink Hamworthy Combustion; Optimized Process Designs,
LLC; Koch Specialty Plant Services, LLC, and Koch Knight, LLC. http://www.kochind.com/chemtech/

About Koch Industries

Based in Wichita, Kansas, Koch Industries, Inc. is one of the largest
private companies in America with estimated annual revenues as high as
$100 billion, according to Forbes. It owns a diverse group of companies
involved in refining, chemicals, and biofuels; forest and consumer
products; fertilizers; polymers and fibers; process and pollution
control equipment and technologies; electronics; information systems;
commodity trading; minerals; energy; glass; ranching; and investments.
Since 2003, Koch companies have invested more than $80 billion in
acquisitions and other capital expenditures. With a presence in about 60
countries, Koch companies employ more than 120,000 people worldwide,
with about 70,000 of those in the United States. From January 2009 to
present, Koch companies have earned more than 1,200 awards for safety,
environmental excellence, community stewardship, innovation, and
customer service. For more news and stories, visit www.kochnews.com.

About Genesis Advanced Technology

Genesis Advanced Technology, based in Langley, British Columbia, Canada,
uses inventive and bold mechanical design to disrupt a broad range of
sectors including oil and gas, clean energy, medical devices, and
robotics. The company was founded in 2009 by Michael Gibney and James
Klassen. http://www.genesisadvancedtechnology.com

Contacts

for Koch Industries, Inc.
Michelle Jones
[email protected]
or
Steve
Church
[email protected]
or
for
Genesis Advanced Technology
Natalie Davidson
[email protected]