Sarcos Signs Manufacturing Services Agreement with Jabil to Advance Production Capabilities for Sarcos Robotic Systems
22 Marzo 2023 - 7:00AM
Business Wire
Jabil’s manufacturing expertise, supply chain
knowledge and robotics experience to enable Sarcos to gain scale
and supply chain benefits for its innovative products
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, is collaborating with Jabil Inc., a leading
manufacturing solutions provider, to expand Sarcos’ production
capacity for its robotic systems and sub-systems.
Under the terms of the agreement, Sarcos will utilize Jabil’s
broad manufacturing services to produce a variety of leading-edge
robotic systems and sub-systems. Sarcos also will be able to
leverage Jabil’s global footprint, strategic supplier
relationships, and state-of-the-art manufacturing facilities to
accelerate volume production while benefiting from advanced supply
chain, procurement, and component-sourcing solutions.
“We expect that our relationship with Jabil will advance Sarcos’
manufacturing capabilities tremendously, helping to augment our
overall production capacity and enabling us to scale much faster
than we could without their support,” said Kiva Allgood, president
and CEO, Sarcos. “We are excited to work with a proven
manufacturing services leader that has a long-standing record of
success and an established global network of vendors and partners
as we begin delivering our robotic systems to our customers.”
Sarcos expects to increase the production of its commercial
robotics technologies throughout 2023, with manufacturing and
assembly occurring at a combination of Sarcos’ facilities in Salt
Lake City and Pittsburgh, as well as Jabil’s San Jose,
California-based production site. Sarcos anticipates that Jabil
will primarily produce sub-systems for Sarcos’ commercial products
this year, particularly the Guardian® XT™ dexterous robotic system
and may also include the Guardian® XM intelligent robotic system
and Guardian® Sea Class Robotic System. In 2023, final system
assembly is expected to take place at Sarcos facilities.
“Jabil is pleased to provide our value-added manufacturing
services, which we are confident will expand Sarcos’ overall
production capacity in a highly cost-effective and efficient
manner,” said Craig Trotter, vice president of the capital
equipment business unit, Jabil. “Our deep expertise in materials
science, mechanical assembly, and human-machine interfaces, along
with final assembly and test, will prove pivotal in accelerating
world-class production of Sarcos’ industry-leading robotic systems
and sub-systems.”
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
https://www.linkedin.com/company/sarcos.
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 product manufacturing
capacity, the intended systems and sub-systems to be produced by
Jabil and the benefits expected from outsourcing manufacturing to
Jabil. 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/20230322005236/en/
Sarcos PR/Investor Contact: ir@sarcos.com
mediarelations@sarcos.com
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