Sarcos Technology and Robotics Corporation (“Sarcos”) (STRC and STRCW), a frontrunner within the design, growth, and manufacture of superior robotic methods, options and software program that redefine human prospects, at the moment introduced the appointment of Laura Peterson as its interim president and chief govt officer, efficient instantly. Peterson will exchange outgoing president and CEO, Kiva Allgood. Sarcos thanks Ms. Allgood for her service and desires her effectively in her new endeavors.

Peterson, who presently serves on the Sarcos Board of Directors, brings an intensive understanding of the strategic issues and challenges related to complicated, technology-intensive world industries. Her profession and company board expertise span multinational industrial, high-growth know-how, and transportation sectors.

During her 22-year Boeing aerospace profession, she held a collection of govt positions and served on the Executive Leadership Team of three Boeing Commercial Airplanes (BCA) CEOs, in addition to BCA Airplane Production and Supplier Management, BCA Strategy and Boeing International. She was often tapped to guide on precedence and emergent areas of excessive strategic and monetary significance to the corporate. Her most up-to-date position was Vice President, Business Development for China, Boeing’s largest industrial market.

Peterson is a member of the Board of Directors of Air Transport Services Group, Inc (NASDAQ:) and Accelya Group, a Vista Equity Partners SaaS portfolio firm. Peterson holds a bachelor’s diploma in industrial engineering from Stanford University and an MBA from The Wharton School on the University of Pennsylvania.

“It is an honor to work with the Sarcos team at this important time, as we transition from being primarily a research and development organization to manufacturing and commercializing our award-winning robotic systems. The market opportunity across numerous industries, including aviation, construction, shipyard, solar, subsea/underwater and others is enormous. We are well positioned to capitalize on the compelling opportunity to enable the industrial workforce of the future through robotics while helping to address the drastic labor shortages across industries, and simultaneously increasing worker safety.” mentioned Peterson.

For extra info on Sarcos, its management crew, and its award-winning product portfolio, please go to www.sarcos.com.

About Sarcos Technology and Robotics Corporation

Sarcos Technology and Robotics Corporation (STRC and STRCW) designs, develops, and manufactures a broad vary of superior cellular robotic methods, options, and software program that redefine human prospects and are designed to allow the most secure best workforce on the planet. Sarcos robotic methods function in difficult, unstructured, industrial environments and embody teleoperated robotic methods, a powered robotic exoskeleton, and software program options that allow activity autonomy. For extra info, please go to www.sarcos.com and join with us on LinkedIn at www.linkedin.com/firm/sarcos.

Forward-Looking Statements

This press launch accommodates forward-looking statements throughout the which means of the Private Securities Litigation Reform Act of 1995, together with statements concerning transitions in administration, the seek for a brand new CEO, the position of the interim CEO with respect to Sarcos’ technique, Sarcos’ product growth and commercialization, market alternatives, goal markets and buyer demand. Forward-looking statements are inherently topic to dangers, uncertainties, and assumptions. Generally, statements that aren’t historic info, together with statements regarding attainable or assumed future actions, enterprise methods, occasions, or outcomes of operations, are forward-looking statements. These statements could also be preceded by, adopted by, or embody the phrases “believes,” “estimates,” “expects,” “projects,” “forecasts,” “may,” “will,” “aim,” “should,” “seeks,” “plans,” “scheduled,” “anticipates,” “intends” or “continue” or comparable expressions. Such forward-looking statements contain dangers and uncertainties which will trigger precise occasions, outcomes, or efficiency to vary materially from these indicated by such statements. These forward-looking statements are primarily based on Sarcos’ administration’s present expectations and beliefs, in addition to plenty of assumptions regarding future occasions. However, there may be no assurance that the occasions, outcomes, or tendencies recognized in these forward-looking statements will happen or be achieved. Forward-looking statements converse solely as of the date they’re made, and Sarcos shouldn’t be underneath any obligation and expressly disclaims any obligation, to replace, alter or in any other case revise any forward-looking assertion, whether or not on account of new info, future occasions, or in any other case, besides as required by regulation.

Readers ought to rigorously overview the statements set forth within the studies which Sarcos has filed or will file occasionally with the Securities and Exchange Commission (the “SEC”), specifically the dangers and uncertainties set forth within the sections of these studies entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements,” for an outline of dangers dealing with Sarcos and that might trigger precise occasions, outcomes or efficiency to vary from these indicated within the forward-looking statements contained herein. The paperwork filed by Sarcos with the SEC could also be obtained freed from cost on the SEC’s web site at www.sec.gov.

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Sarcos Media and Investor Contacts:

Media: mediarelations@sarcos.com

Investors: STRC@finprofiles.com

Source: Sarcos Technology and Robotics Corporation