Sarcos Achieves Final Validation of Outdoor Autonomous Manipulation of Photovoltaic Panels Project for U.S. Department of Energy

Rhea-AI Summary

Sarcos Technology and Robotics Corporation (NASDAQ: STRC and STRCW) has completed the final validation of its Outdoor Autonomous Manipulation of Photovoltaic Panels (O-AMPP) project, in collaboration with industry leaders like Mortenson, JLG Industries, Array Technologies, and Pratt Miller. This milestone is essential for the commercialization of their robotic solar field construction solution, aimed at enhancing safety and efficiency in solar projects. The solar industry anticipates a significant workforce increase to meet rising demands, and Sarcos’ system could address labor shortages while improving project timelines and quality.

Positive

• Successful completion of the O-AMPP project validation enhances Sarcos' positioning for commercialization.
• Collaboration with major industry players strengthens credibility and potential market adoption.
• The robotic solution aims to mitigate labor shortages and improve productivity in the solar construction industry.

Negative

• None.

Industrial robotics leader collaborates with Mortenson, JLG Industries, Array Technologies, and Pratt Miller to complete validation of system designed to enhance safety and efficiency in solar field construction

SALT LAKE CITY--(BUSINESS WIRE)-- Sarcos Technology and Robotics Corporation (“Sarcos”) (NASDAQ: STRC and STRCW), a leader in the design, development, and manufacture of advanced robotic systems that redefine human possibilities, announced today that it has successfully completed final validation of its Outdoor Autonomous Manipulation of Photovoltaic Panels (O-AMPP) project. During this field trial, Sarcos collaborated with Mortenson, JLG Industries, Array Technologies, and Pratt Miller to achieve this critical project milestone at a Mortenson project site, which validated the Sarcos robotic solar field construction solution.

“Achieving this market validation and field test milestone is a mission-critical step on our path to commercializing our robotic solar field construction solution and, ultimately, enhancing safety and productivity in the solar field construction industry,” said Kiva Allgood, president and CEO, Sarcos. “I am grateful to the teams at Mortenson, JLG Industries, Pratt Miller, and Array Technologies for their support, expertise, and resources throughout this process, and we look forward to collaborating in the future as we prepare to make this solution readily available to the industry.”

“The solar construction industry is facing unprecedented labor shortages while simultaneously facing an increase in demand for solar energy,” said Trent Mostaert, vice president, industrialization, Mortenson. “We believe the O-AMPP system can address these challenges while improving safety, productivity, and efficiency for our workers. It will also enable solar project developers to scale output and production to the levels needed to achieve the Energy Department’s 2030 and 2050 renewable energy goals. We are excited about the possibilities and potential impact of the O-AMPP system in solar construction.”

According to the Solar Energy Industries Association (SEIA), annual solar installations will need to increase by 60% between now and 2030 in order to meet the Biden administration’s climate targets of solar energy reaching 30% of U.S. electricity generation by 2030. To meet this solar installation goal, SEIA estimates that an anticipated workforce expansion of nearly 900,000 new workers will be required. Given current labor force limitations—the U.S. solar industry employed approximately 230,000 workers in 2020—and a labor-intensive solar installation process, the solar field construction market represents a potentially massive addressable market for robotic technology.

The O-AMPP project, which began in 2021 with funding support from the U.S. Department of Energy Solar Energy Technologies Office (SETO), aims to streamline the process of solar field construction into one harmonized robotic system to deliver, detect, lift, and place photovoltaic modules in the field. The benefits for energy companies implementing the system for solar construction include lower soft costs for projects, the ability to engage in more projects simultaneously, improved construction timelines and quality, and a safer worksite that reduces the risk of injuries, including lifting and fatigue-related injuries.

During the validation of this system, a proof-of-concept O-AMPP system consisting of an Autonomous Working Vehicle (AWV) featuring the Guardian^® XM robotic system, and an Autonomous Delivery Vehicle (ADV), was used to optimize the flow of photovoltaic modules from delivery to installation. Sarcos collaborated with several leading companies involved in the renewable energy industry to complete this testing, including:

• Mortenson provided critical subject matter expertise and a validation site.
• JLG Industries supplied the mobile elevating work platform used for the AWV, onto which the Guardian XM robotic system was mounted and integrated.
• Array Technologies supplied the tracker technology used in the project along with engineering resources.
• Pratt Miller provided the mobile base, leveraging their Flexible Robotic Platform with the PM-ADS^™ autonomy system, on which the ADV prototype was built.

Sarcos expects to commercially launch its robotic solar field construction solution in 2024. For more information on Sarcos and its robotics technologies, please visit www.sarcos.com.

About Sarcos Technology and Robotics Corporation

Sarcos Technology and Robotics Corporation (NASDAQ: STRC and STRCW) designs, develops and manufactures a broad range of advanced mobile robotic systems that redefine human possibilities and are designed to enable the safest, most productive workforce in the world. Sarcos robotic systems operate in challenging, unstructured industrial environments and include teleoperated robotic systems, a powered robotic exoskeleton, and software solutions that enable task autonomy. For more information, please visit www.sarcos.com and connect with us on LinkedIn at www.linkedin.com/company/sarcos.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding future customers, collaborations, markets, products, product capabilities and the timing of product release or availability. 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 disclaims 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 Sarcos has filed or will file from time to time with the Securities and Exchange Commission (the “SEC”), in particular the risks and uncertainties set forth in the sections of those reports entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements,” for a description of risks facing Sarcos and that could cause actual events, results or performance to differ from those indicated in the forward-looking statements contained herein. The documents filed by Sarcos with the SEC may be obtained free of charge at the SEC’s website at www.sec.gov.

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Sarcos Investor/Press Contacts:

ir@sarcos.com

mediarelations@sarcos.com

Source: Sarcos Technology and Robotics Corporation

FAQ

What is the purpose of the O-AMPP project by Sarcos Technology and Robotics Corporation?

The O-AMPP project aims to enhance safety and efficiency in solar field construction by automating the manipulation of photovoltaic panels.

When will Sarcos launch its robotic solar field construction solution?

Sarcos plans to commercially launch its robotic solar field construction solution in 2024.

Which companies collaborated with Sarcos on the O-AMPP project?

Sarcos collaborated with Mortenson, JLG Industries, Array Technologies, and Pratt Miller for the O-AMPP project.

What impact will the O-AMPP system have on the solar construction industry?

The O-AMPP system is expected to help address labor shortages, enhance safety, and improve project timelines, supporting the growth of solar energy.

What are the stock symbols for Sarcos Technology and Robotics Corporation?

The stock symbols for Sarcos Technology and Robotics Corporation are STRC and STRCW.