Highly dexterous mobile robotic system used in
vegetation, infrastructure nondestructive testing, and oil and gas
industry use case scenarios
Sarcos Robotics (“Sarcos”), a leader in the development of
robotic systems that augment humans to enhance productivity and
safety, today announced it has successfully completed its first
product demonstrations of real-world use cases in the field using
the company’s Guardian® XT™ highly dexterous mobile robotic
system—a significant milestone on the path to product
commercialization, which is expected by the end of 2022. These
field demonstrations were conducted both in the Pacific Northwest
and in Southern regions of the United States.
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Sarcos Robotics Conducts First Field
Demonstrations of Guardian® XT™ Industrial Robotic Avatar System
(Graphic: Business Wire)
The Guardian XT industrial robotic avatar system—the upper-body
variant of the award-winning Sarcos Guardian® XO® full-body,
battery-powered industrial exoskeleton—was recently used to conduct
live field demonstrations for a leading electric utility
construction services company. During this scenario, Sarcos and the
customer used the robotic system to successfully conduct at-height
tree trimming operations around active powerlines to showcase its
ability to reduce occurrences of powerline-related fatalities and
injuries. Separately, the company completed a field demonstration
with a multi-national, sustainable materials science company. In
this instance, the Guardian XT robotic system was used to conduct
nondestructive testing (NDT) and inspections of at-height,
in-process pipes at a chemical plant with the goal of improving
inspection efficiency while reducing potentially life-altering
injuries and events associated with at-height work. A third field
demonstration was successfully completed with a multi-national oil
and gas industry company with a focus on field construction
activities.
The Guardian XT industrial robotic avatar system is designed to
perform intricate and dangerous tasks requiring human-like
dexterity, while eliminating the need for humans to conduct
at-height work and removing them from harm’s way. It is
platform-agnostic and can be mounted to a variety of mobile bases
to access hard-to-reach or elevated areas and has applications in a
number of industries, including aerospace, automotive, aviation,
construction, defense, industrial manufacturing, maritime, and oil
and gas.
“These first successful product demonstrations to potential
customers utilizing the Guardian XT industrial robotic avatar
system in the field are a major achievement for Sarcos as we
prepare for commercialization by the end of next year,” said Ben
Wolff, Chairman and Chief Executive Officer of Sarcos. “We look
forward to continuing the dialogue with these initial partners and
obtaining their feedback in order to deliver best-in-class robotics
solutions that increase productivity while eliminating the need for
their employees to operate in dangerous environments.”
In parallel with these first product demonstrations, Sarcos is
also advancing its recently announced SenSuit™ wearable robot
controller, which will be used for enhanced teleoperation of the
Guardian XT robotic system. The robot will integrate the SenSuit
wearable controller and a high definition, virtual reality (VR) or
augmented reality (AR)-based head-mounted display (HMD) in order to
deliver intuitive control of the system and enable the use of
standard trade tools.
On April 6, 2021, Sarcos announced that it will become publicly
listed through a merger transaction with Rotor Acquisition Corp.
(NYSE: ROT.U, ROT, and ROT WS) (“Rotor”), a publicly-traded special
purpose acquisition company. The transaction is expected to close
in the third quarter of 2021, at which point the combined company’s
common stock is expected to trade on Nasdaq under the ticker symbol
STRC.
For more information on Sarcos, the Guardian XT robot and its
award-winning product portfolio, please visit www.sarcos.com.
About Sarcos Robotics
Sarcos Robotics is a leader in industrial robotic systems that
augment human performance by combining human intelligence,
instinct, and judgment with the strength, endurance, and precision
of machines to enhance employee safety and productivity. Leveraging
more than 30 years of research and development, Sarcos’ mobile
robotic systems, including the Guardian® S, Guardian® GT, Guardian®
XO®, and Guardian® XT™, are designed to revolutionize the future of
work wherever physically demanding work is done. Sarcos is based in
Salt Lake City, Utah, and backed by Caterpillar Venture Capital
Inc., Delta Air Lines, GE Ventures, Microsoft, and Schlumberger.
For more information, please visit www.sarcos.com and the Sarcos
investor relations website.
About Rotor Acquisition Corp.
With approximately 100 years of combined experience in investing
and managing capital across markets and industries, structuring
transactions, and building businesses and led by Chief Executive
Officer Brian Finn, Chairman of the Board Stefan M. Selig, and
Director John D. Howard, Rotor Acquisition Corp. is a blank check
company formed for the purpose of effecting a merger, capital stock
exchange, asset acquisition, stock purchase, reorganization or
similar business combination with potential target companies with
certain industry and business characteristics within the areas of
disruptive consumer and industrial technologies. For more
information, please visit www.rotoracquisition.com.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995, including, but not limited to, Sarcos’ product roadmap,
including the expected timing of commercialization or new product
releases, Sarcos’ plans to expand its product availability, Sarcos’
use of capital following the transaction, including Sarcos’ ability
to accomplish the initiatives outlined above, and the expected
timing of the closing of the transaction. Forward-looking
statements are inherently subject to risks, uncertainties, and
assumptions. Generally, statements that are not historical facts,
including statements concerning possible or assumed future actions,
business strategies, events, or results of operations, are
forward-looking statements. These statements may be preceded by,
followed by, or include the words “believes,” “estimates,”
“expects,” “projects,” “forecasts,” “may,” “will,” “should,”
“seeks,” “plans,” “scheduled,” “anticipates,” “intends” or
“continue” or similar expressions. Such forward-looking statements
involve risks and uncertainties that may cause actual events,
results or performance to differ materially from those indicated by
such statements. These forward-looking statements are based on
Sarcos’ management’s current expectations and beliefs, as well as a
number of assumptions concerning future events. However, there can
be no assurance that the events, results, or trends identified in
these forward-looking statements will occur or be achieved.
Forward-looking statements speak only as of the date they are made,
and Sarcos is not under any obligation and expressly disclaim any
obligation, to update, alter or otherwise revise any
forward-looking statement, whether as a result of new information,
future events, or otherwise, except as required by law. Readers
should carefully review the statements set forth in the reports,
which Rotor has filed or will file from time to time with the SEC.
In addition to factors previously disclosed in Rotor’s reports
filed with the SEC and those identified in this press release, the
following factors, among others, could cause actual results to
differ materially from forward-looking statements or historical
performance: risks and uncertainties related to the inability of
the parties to successfully or timely consummate the potential
business combination, including the risk that any required
regulatory approvals or stockholder approvals of Rotor are not
obtained, are delayed or are subject to unanticipated conditions
that could adversely affect the combined company or the expected
benefits of the proposed business combination; failure to realize
the anticipated benefits of the potential business combination;
Sarcos’ ability to execute on its business strategy, address supply
chain disruptions, launch its products within expected timelines,
develop new products and services and enhance existing products and
services; ability to respond rapidly to emerging technology trends;
ability to compete effectively, recruit and retain qualified
personnel and manage growth and costs; and other risks and
uncertainties set forth in the section entitled “Risk Factors” and
“Cautionary Note Regarding Forward-Looking Statements” in Rotor’s
definitive proxy statement filed with the SEC on August 6, 2021 and
other documents of Rotor filed, or to be filed, with SEC.
This communication is not intended to be all-inclusive or to
contain all the information that a person may desire in considering
an investment in Rotor and is not intended to form the basis of an
investment decision in Rotor. All subsequent written and oral
forward-looking statements concerning Rotor and Sarcos, the
proposed business combination, or other matters and attributable to
Rotor and Sarcos or any person acting on their behalf are expressly
qualified in their entirety by the cautionary statements above.
No Offer or Solicitation
This press release does not constitute a solicitation of a
proxy, consent, or authorization with respect to any securities or
in respect of the proposed transaction. This press release also
does not constitute an offer to sell or the solicitation of an
offer to buy any securities or a solicitation of any vote or
approval, nor will there be any sale of any securities in any state
or jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of such other jurisdiction. No offering of
securities will be made except by means of a prospectus meeting the
requirements of Section 10 of the Securities Act of 1933, as
amended, or an exemption therefrom.
Rotor, Sarcos and certain of their respective directors and
executive officers may be deemed to be participants in the
solicitation of proxies from the stockholders of Rotor, in favor of
the approval of the merger. Information regarding Rotor’s directors
and executive officers is contained in the section of Rotor’s Form
S-1 titled “Management,” which was filed with the SEC on December
18, 2020. Additional information regarding the interests of those
participants and other persons who may be deemed participants in
the transaction may be obtained by reading the proxy statement and
other relevant documents filed with the SEC when they become
available. The documents filed by Rotor with the SEC may be
obtained free of charge at the SEC’s website at www.sec.gov.
Alternatively, these documents, when available, can be obtained
free of charge from Rotor upon written request to Rotor Acquisition
Corp., The Chrysler Building, 405 Lexington Avenue, New York, New
York 10174.
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version on businesswire.com: https://www.businesswire.com/news/home/20210826005027/en/
Sarcos Robotics Ben Mimmack 801-419-0438 pr@sarcos.com
ir@sarcos.com
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