Sarcos Defense Awarded New Contract for Collaborative Sensing Platform by Air Force Research Laboratory

Contract to support development of system used to detect, track and classify time-critical objects in adversarial environments SALT LAKE CITY– May 19, 2022 – Sarcos Defense, a wholly-owned subsidiary of Sarcos Technology and Robotics Corporation (“Sarcos”) (NASDAQ: STRC and STRCW), a leader in the development of robots that augment humans to enhance productivity and safety, […]

Sarcos Technology and Robotics Corporation Announces First Quarter 2022 Financial Results

Announced acquisition of RE2, Inc.  Ended the first quarter with $199 million in unrestricted cash and cash equivalents  Initial production of commercial units of Guardian® XO® industrial exoskeleton and Guardian® XTTM teleoperated dexterous robotic system still expected to commence by the end of 2022  SALT LAKE CITY — May 11, 2022 — Sarcos Technology and […]

Sarcos Technology and Robotics Corporation Announces Webcast of First Quarter 2022 Financial Results

SALT LAKE CITY — April 27, 2022 — Sarcos Technology and Robotics Corporation (“Sarcos”) (NASDAQ: STRC and STRCW) will webcast a live audio feed of its first-quarter 2022 financial results conference call with financial analysts on Wednesday, May 11, 2022, at 5.00 p.m. ET. The webcast will be available on a listen-only basis at investor.sarcos.com. […]

Sarcos Technology and Robotics Corporation Closes Acquisition of RE2, Inc.

SALT LAKE CITY & PITTSBURGH, Pa. — April 25, 2022 — Sarcos Technology and Robotics Corporation (“Sarcos”) (NASDAQ: STRC and STRCW) today announced the successful closing of the previously announced acquisition of Pittsburgh-based robotics company RE2, Inc., a developer of autonomous and teleoperated mobile robotic systems for use in the aviation, construction, defense, energy, and […]

Sarcos Technology and Robotics Corporation Announces Fourth Quarter and Full-year 2021 Financial Results

Ended 2021 with $217 million in unrestricted cash and cash equivalents  Completed assembly and began initial testing of the initial Guardian® XTTM “Beta” unit Completed scheduled move into new headquarters in Salt Lake City  SALT LAKE CITY — March 29, 2022 — Sarcos Technology and Robotics Corporation (“Sarcos”) (NASDAQ: STRC and STRCW), a leader in […]

Sarcos Technology and Robotics Corporation to Acquire RE2, an Award-Winning Developer of Intelligent Mobile Manipulation Systems

Acquisition will add breadth to Sarcos’ family of mobile dexterous robots for use in industrial environments and expands Sarcos’ total addressable market to medical and subsea markets  Combination is expected to significantly increase Sarcos’ revenue by adding revenue from RE2s existing contracts  Transaction brings together two of the most experienced commercial robotics teams, nearly doubling […]