Koch Executes Funding and Development Agreements With AC Kinetics, Inc. To Commercialize Innovative

Koch Executes Funding and Development Agreements With AC Kinetics, Inc. To Commercialize Innovative

July 11, 2016

ARMONK, N.Y. and WICHITA, Kan. (July 11, 2016) – Koch Minerals, LLC, a subsidiary of Koch Industries, Inc., announced today that it entered into strategic agreements with AC Kinetics, Inc. to commercialize run-time motor control software for variable frequency drives (VFDs) operating alternating current induction motors.
 
This new control architecture integrates nonlinear optimization with VFD motor control for all drive applications, including those requiring rapid transient response, limited overshoot and settling time, and insensitivity to load disturbances. The advanced software, supported by real-time adaptive algorithms, will run on standard VFD hardware.  Certified lab and field tests demonstrate total energy savings of up to 50 percent, while maintaining motor drive performance in both steady-state and dynamic operating environments.
 
The demand for this software includes drive manufacturers and VFD end-users in commercial, industrial, manufacturing, and transportation markets, whose drives and motors consume nearly one half of the industrial power produced globally.
 
 “As a large user of VFDs, Koch quickly recognized the value of AC Kinetics’ software including improved motor energy consumption, reduced motor temperatures, and the potential for extended motor life,” said Jason Russell, Director of Business Development, Koch Minerals, LLC. “We are excited about the certified lab test results, end-user feedback from field testing, and ongoing licensing discussions with drive manufacturers.”
 
Led by a team of leading motor control experts, AC Kinetics has licensed patented motor control vibration reduction software worldwide for more than 25 years. Licensees include NASA, DOE, Danaher, Magnetek, Physik Instrumente, ACS Motion Control, Agilent/HP and Seagate. For more information, including certified test results, visit www.ackinetics.com.
 
Based in Wichita, Kan., Koch Industries, Inc. is one of the largest private companies in America with estimated annual revenues as high as $115 billion, according to Forbes. It owns a diverse group of companies involved in refining, chemicals, biofuels and ingredients; forest and consumer products; fertilizers; polymers and fibers; process and pollution control equipment and technologies; electronic components; commodity trading; minerals; energy; ranching; glass; and investments. Since 2003, Koch companies have invested more than $80 billion in acquisitions and other capital expenditures. With a presence in more than 60 countries, Koch companies employ more than 100,000 people worldwide, with about 60,000 of those in the United States. From January 2009 to present, Koch companies have earned more than 1,000 awards for safety, environmental excellence, community stewardship, innovation, and customer service. For more news and stories, visit www.kochnews.com.
 
Contact:
 
Rob Carlton
Manager, Business Communications
Koch Communications and Marketing
316-828-4070
rob.carlton@kochps.com