Sarcos Technology and Robotics Corporation
STRCW
NASDAQ Global Market0.05
USD
-0.01
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Sarcos Technology and Robotics Corporation
STRCW
(NASDAQ Global Market)
Recent
price
0.05
P/E
ratio
- -
div
yld
- -
ROIC.AI
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- Sarcos Technology and Robotics Corporation designs, develops, and provides advanced robotic systems and artificial intelligence software aimed at augmenting human capabilities and improving productivity across multiple industries. Its core products include the Guardian XM, Guardian XT, Guardian Sea Class teleoperated and semi-autonomous robotic systems, and the Guardian XO powered exoskeleton. These systems feature mobile robotic arms, human-robot interfaces, application-specific end-effectors, and intelligent AI-based software for use in industries such as defense, construction, aviation, subsea, solar, and public safety. The company integrates its hardware with third-party equipment like lifts and remotely operated underwater vehicles to enhance operational versatility. Headquartered in Salt Lake City, Utah, Sarcos was founded in 1983 and operates globally. In recent major developments, Sarcos strategically pivoted in late 2023 to focus exclusively on artificial intelligence software development for robotic applications, ceasing all hardware development and production activities. This shift was accompanied by significant workforce reductions and a leadership change with co-founder Ben Wolff returning as CEO in early 2024. Sarcos also expanded partnerships and manufacturing capabilities, notably signing an agreement with Jabil Inc. to accelerate production of its robotic systems globally. Furthermore, Sarcos acquired RE2 Robotics in 2022, bolstering its autonomous and teleoperated mobile robotics portfolio and expanding into medical and subsea markets. The company maintains ongoing collaborations such as with Blattner Company to refine autonomous solar construction robotics, targeting commercial launch phases. These actions underscore Sarcos’s transition towards providing AI-driven robotic intelligence solutions that enhance safety and efficiency across diversified industrial sectors.