Companies to sell underwater robotic systems
combining VideoRay remotely operated vehicles and Sarcos Guardian®
Sea Class system
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, and VideoRay, the world’s leading manufacturer of
underwater robotic systems, announced today that the companies have
signed an agreement to offer integrated underwater robotic systems
combining VideoRay remotely operated vehicles (ROVs) with the
Sarcos Guardian® Sea Class robotic system including its
power-efficient dexterous arms.
Under the terms of the agreement, Sarcos and VideoRay will each
be able to sell an integrated underwater robotic system, as well as
their respective individual products, and provide replacement parts
and repair services and support.
“This collaboration is significant for the industry as it will
enable Sarcos and VideoRay customers to easily purchase a
pre-integrated system combining VideoRay’s best-in-class remotely
operated vehicles with our advanced one- or two-armed Sea Class
system,” said Kiva Allgood, president and CEO, Sarcos. “Through
this relationship we aim to make it easy for customers to acquire
and deploy complete underwater systems and we look forward to
continuing working closely with VideoRay moving forward.”
Sarcos Guardian Sea Class robotic system has a modular design
that will easily integrate with VideoRay’s lineup of one-person
portable ROVs. VideoRay systems deliver exceptional power and
maneuverability, enabling operations in currents up to four knots.
In August 2022, VideoRay announced that the U.S. Navy had
standardized on the use of the VideoRay Defender system and had
placed a large order of the remotely operated vehicles, due to its
superior capabilities, flexibility and upgradability.
The Guardian Sea Class system can be operated with one or two
six-degree-of-freedom arms and performs in depths of up to one
kilometer (1,000 meters) for up to two hours at a time. It can be
teleoperated or operated via supervised autonomy. As the system is
electronically driven, the Guardian Sea Class eliminates the added
weight, size and expense of hydraulic power unit systems, lowers
maintenance costs and reduces the risk of system downtime due to
failure.
“VideoRay has designed our remotely operated vehicles to perform
critical jobs in the harshest environments,” said Chris Gibson,
CEO, VideoRay. “Our ROVs are a natural fit with the Guardian Sea
Class system and, when combined, we believe that the packaged
solution offers the most advanced underwater inspection capability
on the market today.”
For inquiries, please email sales@sarcos.com or
sales@videoray.com. For more information on Sarcos products, visit
www.sarcos.com. For more information on VideoRay products, visit
www.videoray.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.
About VideoRay
Delivering its first ROV system in 2000, VideoRay now has annual
revenue exceeding $30 million and is the world’s leading
manufacturer of underwater robotic systems. VideoRay Mission
Specialist Systems have redefined the “inspection class” category.
Built to work hard, they are rugged enough to be used around the
world in demanding underwater missions to support national
security, first responders, object search and recovery,
infrastructure examination and science and research. To learn more
about VideoRay, visit videoray.com or call +1 610-458-3000.
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 VideoRay and product
development, testing and trial plans, schedules and results.
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/20230501005226/en/
Sarcos PR/Investor Contact: ir@sarcos.com
mediarelations@sarcos.com
VideoRay Media Contact: Jeff Orlowski, Marketing and
Digital Content Manager 610-458-3013 jeff.orlowski@videoray.com
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