Kentucky Oil Technology

Kentucky Oil Technology (KOT) is a Netherlands-based technology development company specializing in shape memory alloys (Nitinol) and expandable structures. Founded by inventor Peter Besselink, the company developed the "Biflex" technology, which features bistable expandable designs used in both medical devices and oil industry applications. In the healthcare sector, KOT's innovations have been licensed to major companies like Abbott for use in biodegradable stents and have been the subject of significant intellectual property litigation and settlements with firms such as Memry Corporation. The company primarily operates as an IP holding entity, commercializing its advanced material science through strategic partnerships and licensing agreements. Its dual-application technology demonstrates the versatile utility of shape memory materials across diverse industrial and clinical fields.