Posted:October 16, 2018
AUSTIN, TX – September 10, 2018. Genesis Systems LLC is pleased to announce its partnership with the Austin Technology Incubator (ATI), the startup incubator of the University of Texas at Austin and longest, established incubator in the country. As part of the partnership, ATI will take an equity position and add Genesis Systems to its portfolio of member companies.
Atmospheric Water Generation Technology
Genesis Systems is a startup company that has developed a revolutionary atmospheric water generation technology. The company’s systems are capable of extracting water directly from the air in the most arid environments on earth and will produce water at industrial scale in virtually any location, without the need for existing water sources or infrastructure.
Currently the atmospheric water generation market is a $3.5 billion market but is projected to grow to $22 billion over the next 5 years. As the global water crisis grows, Genesis Systems is on the cusp of transforming the water technology sector. David J. Stuckenberg, co-founder and chief executive officer recently commented, “We’re grateful to partner with ATI who shares Genesis Systems’ deep commitment to fielding smart technologies that help solve a critical human issue - global water scarcity. Our environmentally responsible technologies will provide mass-water solutions to enhance community resilience and transform GDPs.”
Genesis Systems : ATI Relationship
Founded in 1989 by Dr. George Kozmetsky, ATI is the startup incubator of the University of Texas at Austin incubator for entrepreneurial student and community founding teams to rapidly explore deep technology solutions that address the world’s challenges. ATI supports their member companies with business, government and academic resources to provide strategic counsel, operational guidance, and infrastructure to help them transition into high growth technology businesses. “In the last 12 years, we have helped our member companies raise $1.2b and create thousands of jobs. We look forward to working closely with Genesis Systems to help them make an impact on the future of an unlimited sustainable water supply,” said Mitch Jacobson, director of the Austin Technology Incubator.
Genesis Systems LLC, headquartered in Kansas City, Mo is a technology company with a portfolio of technologies focused on producing water and economic contributors at highly competitive costs. The global water crisis is a growing and Genesis Systems LLC is on the cusp transforming the water technology sector. For more information visit www.genesissystems.global or send an email to Info@GenesisSystems.Global.
The Austin Technology Incubator (ATI) is the deep technology incubator of the University of Texas at Austin working with university and community entrepreneurs to commercialize their breakthrough innovations. For over 29 years, ATI has used a customized approach to support entrepreneurs addressing the world's most pressing problems by connecting startups with the expertise, relationships, and funding sources they need to succeed in the marketplace. ATI is home to a number of specialized incubators which include – Biotech / Life Sciences, Circular Economy, Clean Energy, Transportation and Mobility, and Water and Food Agtech.
Danielle Ruis, Genesis Systems LLC, D.Ruis@GenesisSystems.global
Mitch Jacobson, Austin Technology Incubator, MJacobson@ATI.UTexas.edu