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Sarcos Robotics Names Pine Environmental a Distributor for Guardian S Remote Inspection Robot

Found in Robotics News & Content, with a score of 12.00

…publicly listed through a merger with special-purpose acquisition company (SPAC) Rotor Acquisition Corp. Robots can aid asset management Robotic technology is often overlooked as a critical digital transformation tool for the asset management process. Automating asset performance management, including inspections of facilities and equipment, can yield significant improvements, according to a November 2019 Technology Spotlight by IDC. These include 20% improvements in asset uptime, 15% to 20% reductions in maintenance labor costs, and 8% to 10% improvements in mechanical efficiencies. The Guardian S robot is uniquely capable, cost-effective, and portable, weighing approximately 17 lb. (7.7 kg.), claimed Sarcos. The robot…

Robotic Research Raises $228M in Funding for Autonomous Transportation Development

Found in Robotics News & Content, with a score of 11.90

…acted as special counsel to Robotic Research. Despite Plus calling off its planned merger with a special-purpose acquisition company (SPAC) last month, investors are continuing to bet on the future of autonomous freight. Other recent transactions involving autonomous trucks include FJ Dynamics Technology's $70 million Series B, Kodiak Robotics' $125 million Series B, Gatik's $85 million Series B, and DeepRoute.ai's $300 million Series B.

BAE Systems and Sarcos to Partner on Developing Perception for the U.S. Air Force

Found in Robotics News & Content, with a score of 11.61

…platform for autonomous robots,” he said. Sarcos announced in April that it plans to merge with special-purpose acquisition company (SPAC) Rotor Acquisition Corp.

Sarcos Robotics and T-Mobile to Integrate 5G Into Guardian XT Teleoperation Robot

Found in Robotics News & Content, with a score of 11.34

…Rotor Acquisition Corp., a publicly-traded special purpose acquisition company (SPAC), as it commercializes its assistive systems. The transaction is expected to close in the third quarter of 2021, and the combined company’s common stock is expected to trade on Nasdaq under the ticker symbol “STRC.” T-Mobile 5G to enable remote viewing and teleoperation The Guardian XT robotic system is an upper-body variant of the award-winning Sarcos Guardian XO full-body, battery-powered industrial exoskeleton. It is platform-agnostic and can be mounted to a variety of mobile bases such as cherry pickers or basket trucks to access hard-to-reach or elevated areas. Sarcos and…

Applied Intuition to Acquire Embark Technology to Enhance Autonomous Vehicle Portfolio

Found in Robotics News & Content, with a score of 11.10

…million in a merger with a special-purpose acquisition company (SPAC) in 2021, it recently shut down without a prospective buyer. “Today marks an exciting, new chapter for Embark,” said Alex Rodrigues, co-founder and CEO of Embark. “I would like to thank all past and present employees for their contributions over the past seven years. I appreciate everything they have done for the company, and I cannot wait to see where Applied takes the technology we have built.” Applied Intuition said it plans to integrate Embark’s internal tools, data, and software assets to further improve its offerings for customers in the…

Berkshire Grey Reports $14M in New Supply Chain Orders Since November

Found in Robotics News & Content, with a score of 10.96

…with Revolution Acceleration Acquisition Corp., a special-purpose acquisition company (SPAC). It also opened new headquarters and an innovation center in Bedford, Mass. The company said its latest orders reinforce its ongoing commercial momentum. Berkshire Grey listed the following accomplishments from 2021: Increased orders by $84 million, bringing total orders since inception to $200 million Doubled the number of customers year-over-year, including initial orders with new Fortune 100 and global retail brands Ended the year with $105 million of backlog New robots to aid supply chains To support its continued growth, Berkshire Grey recently added to its suite of patented, AI-enabled…

Embark, Ryder to Establish Nationwide Network of Freight Transfer Points for Autonomous Truck Fleet

Found in Robotics News & Content, with a score of 10.95

…Embark announced plans to merge with special-purpose acquisition company (SPAC) Northern Genesis Acquisition Corp. II, raising $614 million, and to list on the NASDAQ in the fourth quarter of 2021. Embark expands network Embark said it pioneered the transfer-point model in 2019 when it unveiled its first sites in Los Angeles and Phoenix. Since then, the company has conducted hundreds of hauls through these sites, refining required transfer-point capabilities and evaluating a range of service providers to fulfill those capabilities. Through its partnership with Ryder, Embark plans to establish a network of strategically located transfer points—where freight is moved from…

Embark Provides First Autonomous Truck to Knight-Swift as Part of Truck Transfer Program

Found in Robotics News & Content, with a score of 10.89

…largest shippers and carriers in the nation. Embark announced plans to raise $614 million in a special-purpose acquisition company (SPAC) merger in June 2021. It planned to establish a nationwide network of fleet transfer points with Ryder System Inc. and a nationwide terminal network with U.S. Xpress. More recently, the company demonstrated emergency vehicle interaction capability with the Texas Department of Public Safety and Travis County Sheriff's Office.

Quanergy Releases M1 Edge Lidar Sensor for Industrial Automation

Found in Robotics News & Content, with a score of 10.76

…and resolution of the M1 Edge.” In June, Quanergy entered into a definitive merger agreement with special-purpose acquisition company (SPAC) CITIC Capital Acquisition Corp. Upon closing of the transaction, the combined company will be named Quanergy Systems Inc. and is expected to be listed on the New York Stock Exchange under the ticker symbol “QNGY.” The transaction is expected to close in the fourth quarter of 2021, subject to satisfaction of customary closing conditions.

Aurora Innovation Raises $820M to Put Autonomous Trucks on the Road

Found in Robotics News & Content, with a score of 10.39

…and build our coalition of partners.” The company, which raised close to $1 billion in a special-purpose acquisition company (SPAC) merger in 2021, is currently hiring.

Sarcos Robotics Successfully Implements Teleoperation Capabilities of Guardian XT Robotic System

Found in Robotics News & Content, with a score of 10.33

…that it will become publicly listed through a merger transaction with Rotor Acquisition Corp., a publicly-traded special-purpose acquisition company (SPAC). The transaction is expected to close in the third quarter of 2021, at which point the combined company’s common stock is expected to trade on Nasdaq under the ticker symbol “STRC.”

First-Quarter 2021 Robot Sales Increase 20% Over Q1 2020, Reports A3

Found in Robotics News & Content, with a score of 10.33

…such as the recent spate of special-purpose acquisition company (SPAC) mergers, or will there be more new entries? “We're going to see both,” said Burnstein. “For instance, Ambi recently emerged from stealth, and I would not expect to see the end of innovation or new startups.” “COVID didn’t create the move toward automation, but it certainly has accelerated trends that already were under way,” he added. “We expect increasing demand for robotics and automation to continue in North America and throughout the world after the pandemic has ended. We also expect that the increased use of automation will help companies…

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