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Sarcos Defense Awarded $1M Contract by U.S. Army

By: via Business Wire

Contract to include accelerated testing to bring ammunition handling and maneuvering robotic solution to defense industry

Sarcos Defense, a subsidiary of 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, today announced the company has been awarded a $1M contract by the Army Applications Laboratory, U.S. Army Futures Command for the testing of a robotic solution that Sarcos developed for ammunition handling and maneuvering.

The Sarcos robotic ammunition handling solution leverages a dexterous robotic arm that was designed to be integrated into the U.S. Army’s fleet of Self-Propelled Howitzer Systems, specifically the Extended Range Cannon Artillery system. Sarcos will perform extensive testing of this robotic system to ensure it meets requirements for Army use, including shock and vibration absorption and withstanding extreme temperatures, humidity, and sand and dust incursion.

The robotic system was designed to address fatigue and injuries among Soldiers caused by the prolonged lifting and placing of 100-pound rounds of ammunition from a rack to the cannon loader. Sarcos devised its solution to reduce Soldiers’ injuries.

“The Extended Range Cannon Artillery system is used extensively in the U.S. Army for long range precision firing, but the downside to this system is the weight of the ammunition needing to be hand-loaded by Soldiers in the field,” said Reeg Allen, vice president of business development, Sarcos. “Our ultimate goal with the development of this robotic ammunition solution is to help the Army successfully accomplish their missions with lower rates of injury by having a robot lift and place the heavy ammunition rounds. We are excited about this accelerated testing that will help get this robotic system into the hands of Army personnel soon.”

For more information on Sarcos and its award-winning product portfolio including solutions benefitting the U.S. Department of Defense, please visit www.sarcos.com.

Sarcos Defense

Sarcos Defense is a wholly-owned subsidiary of Sarcos Technology and Robotics Corporation (NASDAQ: STRC and STRCW), a leader in robotic systems that augment humans to enhance productivity and safety. Sarcos Defense is led by an elite team of proven former U.S. military officers and business leaders who understand the current and future threat environment and are equipped to deliver solutions that meet the needs of the modern military. Working closely with the U.S. Department of Defense and other federal and international government agencies, Sarcos Defense identifies capability gaps and undertakes research and development efforts, as well as rapid systems integration, to transform Sarcos’ commercial products into specialized, mission-ready solutions that meet the specified requirements. For more information, 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 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.

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. Army and future product capabilities. 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 addition to factors identified in this press release, the risks and uncertainties set forth in the section entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in reports filed from time to time with the SEC could cause actual results to differ materially from forward-looking statements or historical performance. Reports and other 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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