-Rebranding Emphasizes New Concentrate on Mind over Brawn
-Palladyne AI is Commercializing Superior AI Software program that Allows Robots to Observe, Be taught, Cause and Act Like People
Sarcos Know-how and Robotics Company (“Sarcos”) (NASDAQ: STRC and STRCW) is happy to announce that efficient at this time, the corporate has modified its title to Palladyne AI Corp. (Palladyne AI). Efficient April 8, 2024, the Firm’s ticker image will change from NASDAQ: STRC to NASDAQ: PDYN. The brand new title displays the corporate’s narrowed deal with commercializing the synthetic intelligence and machine studying software program that it has been growing since 2020.
“As Palladyne AI, we’re excited to embark on this new chapter in our firm’s historical past. This rebranding isn’t just a change in title however a mirrored image of our dedication to delivering a basically superior kind of intelligence for each cellular and stationary robots by enabling robots to look at, be taught, motive and act in a way akin to people, which boosts robotic versatility, considerably shortens robotic coaching time and materially reduces energy required for AI processing,” mentioned Ben Wolff, President and CEO.
The title Sarcos has been synonomous with innovation and excellence in dexterous robotics for greater than thirty years. With improvements starting from award profitable humanoid robots and powered exoskeletons to animatronic robotics at theme parks, Sarcos’ DNA in robotics runs deep. Palladyne AI will proceed to leverage this wealthy historical past of innovation and international recognition for the Sarcos title by persevering with to model its protection enterprise as Sarcos Protection. We recognize the continued assist of our prospects, workers, and companions all through this rebranding course of. We’re assured that this alteration will additional strengthen our place available in the market and allow us to higher serve the evolving wants of our stakeholders.
About Palladyne AI Corp.
Palladyne AI Corp. (NASDAQ: PDYN) is a software program firm centered on autonomy for robotic methods. Its superior synthetic intelligence and machine studying software program seeks to revolutionize the capabilities of robots, enabling them to look at, be taught, motive, and act in a way akin to human intelligence. Our AI and ML software program platform empowers robots to understand variations or modifications within the real-world setting, enabling them to autonomously maneuver and manipulate objects precisely in response.
The Palladyne AI software program resolution dramatically reduces the numerous effort required to program and deploy robots enabling industrial robots and collaborative robots (cobots) to rapidly obtain autonomous capabilities even in dynamic and or advanced environments. Designed to realize exact outcomes with minimal coaching time, restricted knowledge units, and decrease energy necessities, in comparison with present state-of-the-art options, Palladyne AI believes its software program has extensive utility, together with in industries equivalent to automotive, aviation, building, protection, common manufacturing, infrastructure inspection, logistics and warehousing. Its applicability extends past conventional robotics to incorporate Unmanned Aerial Autos (UAVs), Unmanned Floor Autos (UGVs), and Remotely Operated Autos (ROVs). Palladyne AI’s strategy is anticipated to raise the return on funding related to a various vary of machines which might be mounted, fly, float, or roll.
By enabling autonomy, lowering programming complexity, and enhancing effectivity, we’re paving the best way for a future the place machines can excel in duties that had been as soon as thought of past their attain.
For extra data, please go to www.palladyneai.com and join with us on LinkedIn at https://www.linkedin.com/firm/palladyneaicorp.