Sarcos Announces Delivery of Guardian® Sea Class Robotic System to UK Supplier Atlantas Marine

Rhea-AI Summary

Sarcos fulfills order for Guardian Sea Class robotic systems from Atlantas Marine

Positive

• Sale of Guardian Sea Class systems is an important milestone for Sarcos
• The Guardian Sea Class system reduces the need for divers to work in dangerous underwater conditions
• The Guardian Sea Class system is electronically driven, lowering maintenance costs and reducing the risk of system downtime
• The Sarcos-VideoRay combined system is expected to offer the most advanced underwater inspection and intervention capabilities on the market

Negative

• None.

Sale of commercially available Guardian Sea Class systems is an important milestone for Sarcos.

SALT LAKE CITY--(BUSINESS WIRE)-- Sarcos Technology and Robotics Corporation (“Sarcos”) (NASDAQ: STRC and STRCW), a leader in the design, development, and manufacturing of advanced robotic systems, solutions, and software that redefine human possibilities, announced today that it fulfilled an order from Atlantas Marine (“Atlantas”) for two Guardian Sea Class robotic systems and a support package. Sarcos delivered the systems in the third quarter of 2023.

The Guardian Sea Class is a teleoperated, dual-armed manipulation system with six-function dexterity per arm and performs in depths of up to one kilometer (1,000 meters). When integrated with VideoRay’s Defender ROV, which delivers exceptional power and maneuverability, it is expected to enable operations in currents up to four knots. The use of the Guardian Sea Class system reduces the need for divers to work in dangerous underwater conditions, allowing for safer, faster operations.

“We are looking forward to putting the integrated Sarcos and VideoRay underwater system to work,” said Charlie Foll, Chief Executive Officer, Atlantas Marine. “One of the key pillars of our business is providing the world’s most comprehensive and sought-after subsea offshore inspection services using the highest quality equipment. The Guardian Sea Class helps ensure we provide the best service to our customers while keeping our employees safe.”

The Guardian Sea Class system is electronically driven, eliminating the added weight, size and expense of hydraulic power unit systems, lowering maintenance costs and reducing the risk of system downtime. When paired with VideoRay’s Defender ROV, it augments the ROV’s existing capabilities, flexibility and upgradeability, to perform a varied range of complex and precise tasks using handheld tools and sensors.

“This sale to Atlantas is an important milestone that demonstrates Sarcos’ ability to bring complex robotic systems to market and shows the important role the Guardian Sea Class robot can play in challenging underwater environments,” said Matt Vogt, Chief Revenue Officer, Sarcos. “We work to provide job-critical solutions to our customers that also prevent injury and save lives in the harshest and most inhospitable environments. The Sarcos-VideoRay combined system is expected to offer the most advanced underwater inspection and intervention capabilities on the market, driving down organizational maintenance costs and protecting human capital.”

For more information on Sarcos and its underwater robotics solutions, 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, solutions, and software that redefine human possibilities and are designed to enable the safest most productive workforce in the world. Sarcos robotic solutions address the challenging, unstructured, industrial environments for markets that require a high degree of accuracy, efficiency and can benefit from task autonomy. For more information, please visit www.sarcos.com and connect with us on LinkedIn at www.linkedin.com/company/sarcos.

About Atlantas Marine Ltd

Atlantas Marine is a privately owned UK company, which specializes in supplying underwater robotic equipment and services to military and non-military customers. We have been UK dealers for VideoRay for over 22 years, and supply a range of products, including the VideoRay ‘Defender’ ROV, Atlantas ‘Storm’ camera and Sarcos ‘Guardian Sea Class’ robotic arm manipulators. We are ISO9001, 14001 and 45001 certified and we provide full after-sales technical support, training, and maintenance services. For more information, please visit www.atlantasmarine.com.

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 Sarcos’ products and their integration with other technology. 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231017544390/en/

Sarcos PR and Investor Contacts:

pr@sarcos.com

ir@sarcos.com

Source: Sarcos Technology and Robotics Corporation

FAQ

What is the Guardian Sea Class system?

The Guardian Sea Class is a teleoperated, dual-armed manipulation system with six-function dexterity per arm that performs in depths of up to one kilometer.

What is the benefit of using the Guardian Sea Class system?

The system reduces the need for divers to work in dangerous underwater conditions, allowing for safer and faster operations.

What are the advantages of the electronically driven Guardian Sea Class system?

The system eliminates the added weight, size, and expense of hydraulic power unit systems, lowering maintenance costs and reducing the risk of system downtime.

What capabilities does the Sarcos-VideoRay combined system offer?

The combined system is expected to offer the most advanced underwater inspection and intervention capabilities on the market, driving down maintenance costs and protecting human capital.