Market Overview

Sarcos Robotics Awarded Second Exoskeleton Development Contract for United States Air Force Logistics Applications

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Sarcos®
Robotics
, a global leader in the production of full-body exoskeleton
robots for industrial and military applications, today announced that it
has been awarded a second exoskeleton development contract from the
United States Air Force.

The first contract, awarded last year, focused on quasi-powered,
full-body exoskeleton robots that facilitate lifting up to 80 pound
loads. The second contract is focused on a more robust version, capable
of lifting up to 200 pound loads, with a specific focus on use cases
relevant to Air Force logistics applications.

"We are very pleased to have been awarded a second contract to expand
our work with the United States Air Force," said Ben Wolff, chairman and
chief executive officer of Sarcos Robotics. "The Air Force is leading
the charge when it comes to developing next-generation robotics
technologies that combine human intelligence with the strength,
endurance and precision of machines to serve as a force multiplier while
also dramatically reducing the risk of injury. These exoskeletons will
be a game-changer for the Air Force."

For more information about Sarcos Robotics, their leadership team, board
of directors, advisory board and investors, please visit https://www.sarcos.com/company/.

ABOUT SARCOS

Sarcos® Robotics is
the world's leader in mobile, dexterous, tele-operated robots that
combine human intelligence, instinct and judgment with robotic strength,
endurance and precision to augment worker performance. Leveraging more
than 25 years of research and development, Sarcos makes revolutionary
robotics products designed to save lives, reduce injury and improve
productivity, including the Guardian
S
Guardian
GT
, and Guardian
XO
. Sarcos is revolutionizing a myriad of industries by deploying
robots that will create the safest, most productive and cost-effective
work force in the world. Sarcos' investors include Caterpillar, GE
Ventures, Microsoft, and Schlumberger. Sarcos is headquartered in Salt
Lake City, Utah, with additional offices in the Seattle area. For more
information please visit www.sarcos.com.

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