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          GlobeNewsWire
          2 years ago
         
        
          Sarcos Technology and Robotics Corporation Announces Third Quarter 2023 Financial Results
        
        
          SALT LAKE CITY, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Sarcos Technology and Robotics Corporation (“Sarcos”) (NASDAQ: STRC and STRCW, a leader in advanced robotic technology designed to increase the intelligence, efficiency, capability and productivity of advanced robotic systems through applied autonomy, today announced financial results for the quarter ended September 30, 2023. Highlights Laura Peterson appointed as President and CEO; Ben Wolff, co-founder and Board member named Executive Vice Chairman Sarcos artificial intelligence (AI) and machine learning (ML) software business bolstered by $13.8 million contract from the U.S. Air Force to advance its AI/ML software Pivoting business to focus on robotic AI/ML software platform; aligning cost structure with business priorities CEO Commentary “Since I assumed the role of CEO in May, our leadership team has conducted an ongoing rigorous, data-driven analysis and review of our business, market opportunities, products and development programs,” said Laura Peterson, President and Chief Executive Officer of Sarcos.