KO Client MetOx Closes Strategic Capital Raise
- KO Firm
- December 18, 2023
KO client MetOx, a leading manufacturer of advanced power delivery technology, recently announced a strategic capital infusion to significantly expand its domestic production capacity of Xeus™ wire, its high temperature superconducting wire (HTS) production. The increased production capacity will unlock additive energy generation, advantaged forms of transmitting and distributing energy, and development of advanced medical devices.
The investment was led by Koch Disruptive Technologies with participation from Safar Partners, Piedmont Capital Investments, DNS Capital, and other investors.
“MetOx has proven its ability to manufacture the highest quality HTS at scale and is now increasing its production capacity to meet the needs of several key markets,” said CEO, Arthur (Bud) Vos in the press release. “Xeus wire is a critical technology for power generation, grid capacity expansion and numerous other applications such as advanced medical diagnostics. Our continued production growth, supported by a major investment round, positions MetOx as the largest manufacturer of HTS in North America. We’re excited to partner with KDT on our journey to wire the world.”
KO partner Jennifer Rosenthal led the deal team with support from partner Dan Fredrickson, attorneys Ryan Sykora and Michael Wysolmerski, and paralegal Caitlyn Knudson. Learn more in the press release.