Trending...
- Sales Blueprint Architect Launches, Helping Sales Professionals, Business Owners, and Consultants Close More Business With AI
- Parksy (parksy.com) Tackles the Most Common Parking Problem Nobody Talks About: Finding the Car Again
- DuoKey launches the World's First Agentic Crypto Agility Platform
~ 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
- Paul Ohana - From Beverly Hills Salon Chair To Beauty Founder Celebrity Hair Expert
- ChargeOn Announces Conversational Payment Management Solution
- King Larry Steps Into His Moment With Music, Major Performances and a Story Built on Persistence
- Church Tradition Takes an Unexpected Turn at the Ford Community & Performing Arts Center
- SHI Introduces the RP-222B3S, Its Highest-Capacity 4K Pulse Tube Cryocooler
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.
0 Comments
Latest on The PennZone
- Free JavaScript Charting Library ProEssentialsJS Permits Commercial Use. Highcharts, SciChart and LightningChart Free Tiers Do Not
- Mito Health Passes One Million Lab Tests, Expands to Seven Categories of Preventive Health Testing
- VC Fast Pitch and Steamwork Ventures Bring Startup & Investor Networking Event to Santa Barbara on October 8
- Volant Announces Major Partnership with the STEM Racing Canada Program to CHAMPION YOUTH ENGINEERING
- Badanamu and Friends Live Brings Hit Animated Series to Stages Across the United States
- 54 Million Contract. New Chapter as AI Cybersecurity Platform Expands, Margins Surge & Management Signals Confidence. Cycurion, Inc: (NAS DAQ: CYCU)
- MommyAndMe.club Expands Parent-Child Class Directory to All 50 States and Washington, D.C
- Work 365 Deepens TD SYNNEX Integration with Automated Azure Billing
- Award-Winning Author's New Timely Book "Philly Girl" Highlights Centuries of Brave & Bold Women from Philadelphia
- RAS AP Consulting Signals Growth of Managed AP Governance With Digital Expansion, Pipeline Activation, and Trademark Filing Ahead of Esker All Access
- National Nonprofit Lights 200 Landmarks Pink and Blue for Pregnancy and Infant Loss Awareness Month
- Vegan Kingz Unveils Upgraded Digital Platform to Streamline Commercial Foodservice & Wholesale Ordering
- Steve Thompson Launches StickyHealth to Tackle the Retention Gap in the Growing GLP 1 Market
- Qscription Technologies Appoints Dr. Kimberly Beavers as Founding Clinical Advisor
- When Hope Feels Gone, Death2life Is Still Here!
- Sebastian Stroeller Publishes "The MAP Language Canon" — The Complete Practitioner's Guide to Structural Conversation
- OneVizion Appoints Zebra Technologies CIO Matt Ausman to Board of Directors
- GLADYS Magazine Celebrates their 18 Year Anniversary!
- New Townhome Building Released at Heritage at South Brunswick, Offering Private Perimeter Setting and Water Views
- Comics Veteran on Return of Teenage Mutant Ninja Turtles Characters, 3-D Projects, Collaboration with Original 'Star Wars' Toy Engineer