Trending...
- Ice Melts. Infrastructure Fails. What Happens to Clean Water?
- The Legal AI Showdown: Westlaw, Lexis, ChatGPT… or EvenSteven?
- Delay In Federal Disaster Assistance Causing Failure Of Small Business In Disaster Areas
~ 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
- Kaltra Introduces New Downward-Spraying Distribution Technology to Boost Microchannel Evaporator Performance
- Talentica Announces Winners of Multi-Agent Hackathon 2026
- Special Alert: Undervalued Opportunity: IQSTEL (N A S D A Q: IQST) Positioned for Explosive Multi-Year Growth
- Triple-Digit Growth, Strategic N A S D A Q Uplist, Plus A Scalable Healthcare Rollout Model: Stock Symbol: CDIX
- Vesica Health Receives FDA Breakthrough Device Designation for AssureMDx
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
- Dr. Nadene Rose Releases Moving Memoir on Faith, Grief, and Divine Presence
- Gigasoft Solves AI's Biggest Charting Code Problem: Hallucinated Property Names
- ASTI Ignites the Space Economy: Powering SpaceX's NOVI AI Pathfinder with Breakthrough Solar Technology: Ascent Solar Technologies (N A S D A Q: ASTI)
- Hiring has reached a "Digital Stalemate"—Now, an ex-Google recruiter is giving candidates the answers
- 2026 Pre-Season Testing Confirms a Two-Tier Grid as Energy Management Defines Formula 1's New Era
- The Philadelphia Party Launches to Expand Civic Leadership, Candidate Pathways, and Education
- Platinum Car Audio LLC Focuses on Customer-Driven Vehicle Audio and Electronics Solutions
- Postmortem Pathology Expands Independent Autopsy Services in Kansas City
- Postmortem Pathology Expands Independent Autopsy Services Across Colorado
- $38 Million in U.S. Government Contract Awards Secured Through Strategic Partner. Establishing Multi-Year Defense Revenue Platform Through 2032: $BLIS
- Mecpow M1: A Safe & Affordable Laser Engraver Built for Home DIY Beginners
- CrashStory.com Launches First Colorado Crash Data Platform Built for Victims, Not Lawyers
- Inkdnylon Earns BBB Accreditation for Verified Business Integrity
- Josh Stout "The Western Project"
- Open House Momentum Builds at Heritage at South Brunswick
- A Celebration of Visibility, Voice and Excellence: The 57th NAACP Image Awards Golf Invitational, Presented by Wells Fargo, A PGD Global Production
- TopDogTours Expands Award-Winning Walking Tours in Philadelphia with Immersive Experiences
- Athens in Spring: A Culinary City Break That Rivals Paris and Copenhagen
- ClearSight Therapeutics Signs LOI with Covalent Medical for $60M Multi-Channel OTC Eye Care Partnership
- Jayne Williams Joins Century Fasteners Corp. Sales and Business Development Team