Management will host attendees at Sarcos’ new facility in Salt Lake City, UT, with virtual attendees participating via live webcast and conference call
Sarcos will brief analysts on its Guardian® line of highly dexterous mobile robotic systems
Guardian® XO® full-body, battery-powered wearable robot, and Guardian® XT™ remote-controlled industrial avatar robot will be demonstrated live
SALT LAKE CITY – July 29, 2021 – Sarcos Robotics (“Sarcos”), a leader in the development of next-generation robotic systems that augment humans to enhance productivity and safety, and Rotor Acquisition Corp. (NYSE: ROT.U, ROT, and ROT WS), a special purpose acquisition company, will host a live and virtual analyst day on Wednesday, August 18, 2021, from 11:00 a.m. ET to 12:00 p.m. ET. In conjunction with the analyst day, Sarcos will also host one-on-one meetings with investors on Thursday, August 19, at its company headquarters in Salt Lake City, Utah.
On April 6, 2021, Rotor Acquisition Corp. announced an agreement to merge with Sarcos. The transaction is expected to close in the third quarter of 2021 at which time Sarcos is expected to be listed on Nasdaq under the ticker symbol “STRC.”
Ben Wolff, Chairman and Chief Executive Officer of Sarcos, will be joined by other senior management team members to provide an overview of Sarcos’ advanced highly dexterous mobile industrial robotic systems, growth strategies and strategic initiatives. The event will be broadcast live via webcast and include a formal presentation followed by Q&A. After the Q&A session, analysts and investors who attend in person will have the opportunity to participate in live demonstrations of Sarcos’ advanced line of robotic products including:
- Guardian® XO® – Full-body powered wearable industrial robotic exoskeleton
- Guardian® XT™ – Remote-controlled highly dexterous industrial avatar robot
- Guardian® S – Remote controlled inspection robot and Sarcos’ first commercial product
|Date:||Wednesday, August 18, 2021|
|Format:||11:00 a.m. Eastern time (8:00 a.m. Pacific time)|
|Location:||Virtual & Sarcos Headquarters in Salt Lake City, Utah|
A telephone replay will be available approximately two hours after the call and will run through October 18, 2021, by dialing 1-844-512-2921 from the U.S., or 1-412-317-6671 from international locations, and entering replay pin number: 13721186. The replay can also be viewed through the webinar webcast link above and the presentation utilized during the call will be available on Sarcos’ investor relations website.
Sarcos’ next commercial release is expected to be its award-winning Guardian XO exoskeleton robot, followed by its Guardian XT industrial teleoperated robot. Both commercial releases are expected by the end of 2022. The Guardian XO and Guardian XT robots are expected to join Sarcos’ versatile multi-purpose inspection robot, the Guardian S robot, in its commercial lineup, with the aim of delivering a full suite of robots capable of performing physically demanding work that requires human-like skill, dexterity, and range of motion. For more information about Sarcos products, 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.
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.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including, but not limited to, Rotor’s and Sarcos’ expectations or predictions of future business performance or conditions, Sarcos’ product roadmap, including the expected timing of commercialization or new product releases and the expected capabilities of products currently in development. 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, including risks related to Sarcos’ ability to execute on its business strategy, attract and retain users, develop new offerings. 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, develop new products and services and enhance existing products and services; ability to respond rapidly to emerging technology trends; ability to compete effectively 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 preliminary proxy statement filed with the SEC on July 12, 2021 and other documents of Rotor filed, or to be filed, with SEC.
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.
Executive Vice President
MZ Group – MZ North America