While it is true that the world of VC has become SPAC-happy, the reverse merger method is not a huge driver in robotics, thus far with few notable exceptions such as Berkshire-Gray. This morning, however, Utah-based Sarcos Robotics announced plans to board the SPAC train, courtesy of Rotor Acquisition Corp.
The deal could potentially value the robot exoskeleton manufacturer and blank check co. At a combined $ 1.3 billion, with potential earnings of $ 281 million. Of course, Sarcos is one of several companies currently exploring the robot exoskeleton category. So, what sets the company apart, beyond some heavy-duty James Cameron-style design language?
A partnership is always a big motivator. Sercos went a very big way at CES 2020. It was located at the center of Delta’s big tech push at the trade show.
Delta CEO Ed Bastian said in today’s announcement, “Delta employees are key components to our success, and we work to reduce job injuries as well as promote workforce diversity and create a healthy and safe team of workers.” Committed to improving longevity. ” “My enthusiasm for Sarkos’ ability has increased ever since, as we continue to work closely with Sarkos to transform our everyday heroes into superheroes, making their jobs safer and easier than ever. “
At the time, the airline announced that it would partner with the company to run these exoskeletons among its employees. The robotics company said that this technology could be used to pay 200 pounds of payload for up to eight hours. This is in line with Sarkos’ more industrial-minded approach to wearable robotics.
Later that same year, the company announced a $ 40 million increase aimed at commercializing its Guardian XO unit. In today’s release, it adds that it hopes to deliver the system at some point in the middle of next year, with the teleporinated Guardian XT following the arrival.
In October last year, Sarcos was awarded a grant from the US Navy to produce remote-powered versions of its XO system, as military financing remains a major driver of the robotics industry.