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Palladyne AI Corp. - STRCW STOCK NEWS

Welcome to our dedicated page for Palladyne AI news (Ticker: STRCW), a resource for investors and traders seeking the latest updates and insights on Palladyne AI stock.

Palladyne AI Corp. (STRCW) delivers cutting-edge artificial intelligence solutions for enterprise transformation. This news hub provides investors and industry observers with timely updates on the company's strategic initiatives, product developments, and market positioning within the competitive AI sector.

Access official press releases alongside curated analysis of key announcements including software innovations, strategic partnerships, and financial performance updates. Our repository simplifies tracking of Palladyne AI's progress in advancing machine learning applications across industries like healthcare, finance, and advanced manufacturing.

Discover comprehensive coverage of corporate milestones including technology licensing agreements, research breakthroughs, and leadership updates. All content is verified for accuracy and presented with contextual clarity to support informed decision-making.

Bookmark this page for streamlined access to Palladyne AI's evolving narrative in the AI landscape. Check regularly for updates demonstrating the company's commitment to pushing boundaries in intelligent automation and data-driven solutions.

News
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Sarcos Technology and Robotics rebrands to Palladyne AI Corp, focusing on AI software for robots to mimic human behavior. Ticker symbol changes to NASDAQ: PDYN. The company aims to enhance robot versatility, shorten training time, and reduce power consumption.
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Sarcos Technology and Robotics Corporation announces the appointment of Ben Wolff as president and CEO, with Laura Peterson assuming the role of executive vice chairman. The company is pivoting to focus on commercializing and deploying its robotic AI and machine learning software platform, suspending the development of hardware products. The move aims to leverage the unique AI platform to enhance the productivity of industrial robots worldwide.
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Sarcos Technology and Robotics Corporation (NASDAQ: STRC and STRCW) announced a pivot to focus on artificial intelligence (AI) and machine learning (ML) software business, bolstered by a $13.8 million contract from the U.S. Air Force. The company appointed Laura Peterson as President and CEO and announced plans to suspend hardware commercialization efforts, reduce headcount, and realign resources to concentrate on the AI/ML platform. Q3 2023 financial results showed a total revenue of $1.8 million, down from $4.7 million in Q3 2022, and a net loss of $29.0 million. Sarcos ended the quarter with $55.1 million in unrestricted cash, cash equivalents, and marketable securities.
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Sarcos Technology and Robotics Corporation (NASDAQ: STRC and STRCW) announced its pivot to focus on its robotic artificial intelligence (AI) and machine learning (ML) software platform, leveraging years of R&D and recent momentum from U.S. Department of Defense contract wins. The AI software platform aims to reduce robotic training times and increase agility, with a planned market launch in mid-2024.
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Sarcos Technology and Robotics Corporation (NASDAQ: STRC and STRCW) will release its financial results for the quarter ended September 30, 2023, on November 14, 2023. A conference call and webcast will be held to discuss the results.
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Sarcos fulfills order for Guardian Sea Class robotic systems from Atlantas Marine
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Sarcos Defense receives $13.8M contract to develop AI and ML software for Guardian line of robotic systems, aiming to enhance productivity and safety in job settings. Contract spans 4 years and includes Military Utility Assessments at various Air Force locations.
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Sarcos Technology and Robotics Corporation announced financial results for Q2 2023. They optimized operations, formed a new Advanced Technologies software business division, and partnered with Blattner Company for an autonomous robotic solar construction system. They reduced their workforce by 25% and consolidated manufacturing facilities. Q2 2023 revenue was $1.3 million, operating expenses were $31.2 million, and gross margin was 26%. Net loss was $28.7 million. They ended the quarter with $75.1 million in cash.
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Palladyne AI Corp.

Nasdaq:STRCW

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13.30M
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United States
Salt Lake City