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Sarcos (NASDAQ: STRC) Secures Multi-Million Dollar DoD Contracts, Forms New Advanced Technologies Division

Sarcos Technology and Robotics Corporation (NASDAQ: STRC), a prominent company in the field of advanced robotic systems and solutions, has announced an expanded contract with the Air Force Research Laboratory (AFRL) and the creation of a new Advanced Technologies Division.

Sarcos’s AI-Driven Approach Pioneers Autonomous Control of Heterogeneous Sensing Network

Under the AFRL contract, Sarcos will develop a collaborative sensing solution for the Department of Defense (DoD), facilitating quick, safe, and accurate identification, tracking, and classification of time-critical objects. This autonomous control of the Heterogeneous Sensing Network (HSN) will utilize AI and sensor networks to enhance autonomous platforms, including Unmanned Aircraft Systems (UASs) and Unmanned Aerial Vehicles (UAVs).

Sarcos’s AI-driven methods enable autonomous systems to function in unison more efficiently, improving operational safety, data collection, and communication. The solution leverages sensor data to enable accurate autonomous operations in dynamic, unstructured environments like subsea operations, solar panel installations, and Air Force systems, mirroring human adaptability to real-world environments.

Creation of Sarcos’s New Advanced Technologies Division

Anticipating significant growth from software as a service (SaaS) and AI applications for robotic systems, Sarcos has announced the formation of the Advanced Technologies Division. This unit will focus on the development of AI and machine learning (ML) software platforms for generalizable autonomy, enabling robots to learn from experience using a success-based learning approach.

The Advanced Technologies Division aims to further Sarcos’s AI and ML platforms, making them applicable to a variety of autonomous systems, such as factory robots and drones. The division will continue to innovate in the field of robotics, focusing on developing new algorithms, models, and techniques to enhance AI capabilities for robots operating in dynamic, unstructured environments.

Collaborating to Address Market-Specific Challenges

The newly formed Advanced Technologies Division will also collaborate with industry partners to address market-specific challenges. By leveraging domain knowledge and expertise, Sarcos aims to accelerate the adoption of its technology and spur growth and innovation within various industries.

With its continuous work to advance AI platforms and the formation of the Advanced Technologies Division, Sarcos continues to pioneer AI solutions designed to thrive in dynamic, unstructured environments, promising unprecedented efficiency and effectiveness across industries. The company’s new division under the leadership of Dr. Garagic will push the boundaries of AI, solving complex challenges, and changing the future of work.

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The post Sarcos (NASDAQ: STRC) Secures Multi-Million Dollar DoD Contracts, Forms New Advanced Technologies Division appeared first on Spotlight Growth.

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