Bolstered by multiple, multi-million dollar,
multi-year DoD contracts -- New Advanced Technologies Division
formed to advance generalized AI for unstructured, dynamic
environments
Division pioneering innovative AI approach
applicable to myriad industrial robotics and autonomous
vehicles
Sarcos Technology and Robotics Corporation (“Sarcos”) (NASDAQ:
STRC and STRCW), a leader in the design, development, and
manufacture of advanced robotic systems, solutions, and software
that redefine human possibilities, announced today the award of an
expanded contract (FA8750-22-C-1005) from the Air Force Research
Laboratory (AFRL) for continued development of artificial
intelligence (AI)-driven methods and techniques that autonomously
control a Heterogeneous Sensing Network (HSN).
As part of the AFRL contract, Sarcos is developing a
collaborative sensing solution that enables its Department of
Defense (DoD) partners to quickly, accurately, and safely identify,
track, and classify time-critical objects using autonomous,
heterogeneous sensor networks and AI to improve the operations,
safety, data collection, and communication of autonomous platforms,
such as Unmanned Aircraft Systems (UASs) and Unmanned Aerial
Vehicles (UAVs).
“Sarcos’ unique approach to reinforced learning and AI enables
autonomous systems to work together more effectively,” said Dr.
Peter Zulch, AFRL. “Sarcos utilizes advanced AI-driven methods and
techniques to improve the operations, safety, data collection, and
communication of our autonomous platforms.”
The methods developed will harness the power of a myriad of
sensor data to create more robust data sets that enable accurate
autonomous operations in dynamic and unstructured environments,
such as subsea operations and solar panel installations over
diverse terrain, and the application for air force systems. The
approach models how humans detect and adapt to their surroundings –
using the multiple senses of sight, sound, and feel – to make
real-time decisions and adjustments to operate effectively in
real-world environments.
“This continued work is critical to advancing our AI platform to
benefit customers across industries,” said Dr. Denis Gargic, chief
technology officer, Sarcos. “The ability to harness and unify the
power of sensors to adapt to dynamic inputs in unstructured
environments allows for increased accuracy and continued operations
despite changing conditions.”
Sarcos Forms New AI-Focused Business Unit to Meet Increased
Demand
Software as a service (SaaS) and AI applications for robotics
systems are emerging as expected growth drivers for Sarcos. As a
result of the demand for autonomous solutions and building on the
work derived from multiple, multi-million dollar, multi-year,
AI-focused DoD contracts, Sarcos is also announcing the formation
of a new Advanced Technologies division to be led by Dr. Garagić,
Sarcos’ chief technology officer.
The Advanced Technologies division will work to progress the
development and productization of Sarcos' AI and machine learning
(ML) software platform for generalizable autonomy. The AI and ML
software platform will focus on enabling robots to learn from
experience using a success-based learning approach. The AI and ML
platform will be designed to be usable across a variety of
autonomous systems, including factory robots and drones.
Additionally, the division will continue to pioneer new algorithms,
models, and techniques to unlock new possibilities in the field of
robotics, with a focus on initiatives aimed at pushing the
boundaries of AI capabilities for robotics operating in dynamic,
unstructured environments which pose unique challenges due to their
complex and unpredictable nature.
“Dynamic and unstructured environments present an exciting
opportunity for AI innovation,” said Laura Peterson, interim
president and CEO, Sarcos. “With Dr. Garagic’s expertise and
leadership, our Advanced Technology division is well positioned to
develop cutting-edge AI solutions that can excel in unstructured
environments, enabling industries to achieve unprecedented
efficiency and effectiveness.”
The newly formed division will also collaborate with industry
partners, leveraging their domain knowledge and expertise to
address market-specific challenges. Sarcos believes this market-led
approach will accelerate the adoption of the technology and drive
real-world applications fostering growth and innovation within
these industries and beyond.
“I am honored to lead this newly formed division at Sarcos
alongside some of the brightest minds in AI and ML,” said Dr.
Garagic. “I look forward to continued collaboration with my
colleagues, peers, industry partners, and others to solve some of
the biggest AI challenges and provide solutions that will change
the future of work. Together we will push the boundaries of AI in
dynamic and challenging unstructured environments and revolutionize
the way work gets done.”
For more information on Sarcos and its product portfolio,
including solutions benefitting the U.S. Department of Defense,
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 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.
About Sarcos Technology and Robotics Corporation’s AI and ML
Platform
Sarcos’ AI and ML platform is being designed to enable robotic
systems to learn from experience using a success-based learning
approach. The goal is to mimic the core domains of human-level
concept/task learning, allowing robots to understand their
environment, exhibit reasonable behavior in unforeseen situations,
and quickly acquire new skills from new experiences. Unlike
existing machine learning algorithms that often require numerous
examples to achieve high accuracy, Sarcos’ AI framework seeks to
emulate how people can generalize successfully from just a single
example. By leveraging what the robot has previously learned, the
framework fills in the gaps of unknown scenarios by generating
robust and reliable predictions on how the robot should act in any
given situation. The advanced AI software platform will
revolutionize how businesses operate in dynamic and unstructured
operating environments and will empower customers with cutting-edge
capabilities and unlock new possibilities for efficiency and
innovation.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995, including future collaboration with the U.S. Air Force,
future abilities of Sarcos’ AI/ML software, the expected benefits
and performance of such software (including the impact of Sarcos’
software on how work is done), market adoption of and demand for
the software and its applicability to robotic systems generally.
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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version on businesswire.com: https://www.businesswire.com/news/home/20230726259715/en/
Sarcos PR and Investor Contacts:
mediarelations@sarcos.com ir@sarcos.com
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