Trending...
- Light Her Way Launches New Cohort of Board of AdviseHERS to Prepare Women for Board-Ready Leadership
- Why Gourmet Steaks Are the Perfect Holiday Gift
- Anern Launches the AN-SLZ2 Smart Integrated Solar Street Light
~ In a major development for the field of legged robotics, Ghost Robotics and LIG Nex1 have announced a strategic partnership through LIG Nex1's acquisition of a control-stake in Ghost Robotics. The South Korean defense technology company has acquired a 60% stake in Ghost Robotics for $240 million USD, valuing the company at $400 million USD.
This partnership marks a significant milestone for both companies as they join forces to advance the field of autonomous robotic solutions. By combining their expertise and resources, Ghost Robotics and LIG Nex1 aim to drive innovation and accelerate the development of next-generation robotic systems.
According to Gavin Kenneally, PhD, Co-founder & CEO of Ghost Robotics, this partnership is an exciting new chapter for the company. He expressed his enthusiasm for the collaboration with LIG Nex1, stating that their investment and strategic guidance will help Ghost Robotics grow and deliver groundbreaking robotic solutions to various industries and applications.
More on The PennZone
LIG Nex1's CEO, Shin IckHyun, also shared his excitement about the acquisition. He believes that this move aligns perfectly with their vision to lead the future of defense and security technology. He added that he expects this partnership to serve as momentum for both companies to grow together based on their technological capabilities and close cooperation.
The acquisition will allow Ghost Robotics to leverage LIG Nex1's extensive experience and capabilities in defense technology and manufacturing. This will further accelerate scaling for Ghost Robotics as they work towards delivering robust, versatile, and reliable robotic solutions.
With this partial acquisition, both companies are well-positioned to lead the industry in developing advanced robotic systems for industrial and defense markets. This partnership is expected to foster innovation and drive progress in the field of legged robotics.
This partnership marks a significant milestone for both companies as they join forces to advance the field of autonomous robotic solutions. By combining their expertise and resources, Ghost Robotics and LIG Nex1 aim to drive innovation and accelerate the development of next-generation robotic systems.
According to Gavin Kenneally, PhD, Co-founder & CEO of Ghost Robotics, this partnership is an exciting new chapter for the company. He expressed his enthusiasm for the collaboration with LIG Nex1, stating that their investment and strategic guidance will help Ghost Robotics grow and deliver groundbreaking robotic solutions to various industries and applications.
More on The PennZone
- ProfileSpider Launches Powerful One-Click Profile Scraper for Recruiters and Growth Teams
- NATCO Awarded U.S. Patent for Persimonal® – Breakthrough Innovation in Preparing Persimmon Leaf Extract
- Rio Bela Cosmetics Launches Inclusive Line of Organic Skincare Products
- The 7 Visibility Problems Costing Independent Hotels Thousands Every Month
- Viola's Babygirl's, LLC Proudly Announces Teri Tobin's Soulful New Christmas EP "Home For The Holidays"
LIG Nex1's CEO, Shin IckHyun, also shared his excitement about the acquisition. He believes that this move aligns perfectly with their vision to lead the future of defense and security technology. He added that he expects this partnership to serve as momentum for both companies to grow together based on their technological capabilities and close cooperation.
The acquisition will allow Ghost Robotics to leverage LIG Nex1's extensive experience and capabilities in defense technology and manufacturing. This will further accelerate scaling for Ghost Robotics as they work towards delivering robust, versatile, and reliable robotic solutions.
With this partial acquisition, both companies are well-positioned to lead the industry in developing advanced robotic systems for industrial and defense markets. This partnership is expected to foster innovation and drive progress in the field of legged robotics.
Filed Under: Business
0 Comments
Latest on The PennZone
- ToneWell Launches AI Wellness Platform with 30-Second Voice-Based Performance Readiness Scan™
- Lokal Media House Achieves Yelp Platinum Partner Status
- World's First AI-Native Industrial Facility is Under Construction by Carbon AMS with rhobot.ai
- VIP Vacations Wins Diamon Status with AIC Hotel Group
- $57 Billion U.S. Marine Industry Presents Major Growth Opportunity for Newly Public Off The Hook Yacht Sales, Inc. (N Y S E: OTH)
- Deimler Chiropractic Announces Expansion
- Dr. Alexander Eastman Returns to Suburban Hospital to Deliver Keynote on Crisis Leadership
- Scoop Social Co.'s Mobile Dessert Truck Business Offer A Lifestyle Of Flavor, Fun, and Freedom
- Own 327 Acres of American Prime Real Estate with 2 Miles Waterfront Worth In Millions for Just $7 — Worldwide Raffle Launched
- Lakefront Acreage in Longwood's Ravensbrook Community Hits the Market
- Monika Balayan Elected Fellow of the Royal Society of Arts (FRSA)
- Best Companies Group Launches Best Companies to Work for in New York Program
- We're Winning: Historic Plunge in Overdose Deaths Marks Stunning Reversal in America's Drug Crisis
- Lineus Medical Receives Patent for SafeBreak® Vascular Generation 2
- IDI Consulting Spreads Holiday Cheer to Families in Need with 11th Annual Toys for Tots Drive
- Escajeda Masonry & Concrete Among Pittsburgh's Fastest-Growing Companies
- New 2025–2026 Energy Rebates: Squeaks Services Explains How to Qualify
- CCHR's New Documentary Prescription for Violence Highlights Overlooked Safety Warnings
- Light Her Way Launches New Cohort of Board of AdviseHERS to Prepare Women for Board-Ready Leadership
- Men's Health Network Announces a New Feature to Support the Well-Being of Men When and Where They Are through Text Alerts