Palladyne Ai Corp. · NASDAQ:PDYN
Palladyne Ai — Sarcos Technology & Robotics — Investor Presentation (November 2022)
24 slides from Palladyne Ai's investor presentation, Nov 8, 2022
Slide 1: Robotic systems to enable the safest, most productive workforce in the world
Investor Deck November 8, 2022 Robotic systems to enable the safest, most productive, workforce in the world
Slide 2: Legal Disclaimer
disclaimer Legal Disclaimer This presentation and any related oral statements contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including, but not limited to, statements regarding Sarcos’ future operating results, financial position, liquid
Slide 3: How does work get done when there aren't enough workers to go around?
How does work get done when there aren’t enough workers to go around? Defensenews.com; washingtontimes.com; reuters.com; cnbc.com; forbes.com; yaleclimateconnections.org
Slide 4: The answer: robotic systems to improve worker productivity and safety
The answer: robotic systems to improve worker productivity and safety Teleoperated Systems Exoskeletons 260+ Team Members $375m in R&D technology investments > 55 Years World class robotics engineering team experience Sarcos is developing a fleet of highly dexterous mobile robot systems that deliver
Slide 5: Sarcos Solutions Portfolio: dexterous robots for a wide range of use cases
Strength & productivity multiplier (200 lb lift) Full mobility Alleviate fatigue & injury Dexterity and precision Strength & productivity multiplier Future supervised autonomy and 1:many Keep humans out of harm’s way Intelligent robotic arm Teleoperated & supervised autonomy Keep humans out of harm’
Slide 6: Key challenges facing industries worldwide; drivers for increased adoption of robotics
KEY CHALLENGES FACING INDUSTRIES WORLDWIDE DRIVERS FOR INCREASED ADOPTION OF ROBOTICS 1) Excludes indirect costs and OSHA fines $2.5 trillion negative impact on U.S. economy by 2030, due to labor shortage in manufacturing Industry Source, 2021 2.1 million U.S. worker shortage in manufacturing by 203
Slide 7: $147 billion annual target market in the US alone
POWER & UTILITIES Solar field installation Infrastructure inspection AEROSPACE Maintenance & repair Assembly support AUTOMOTIVE Ship / receive Assemble LOGISTICS Non-cons Heavy duty DEFENSE Logistics Maintenance & repair Subsea OIL & GAS Maintenance & diagnostics Construct / deconstruct CONSTRUCTION
Slide 8: De-carbonization initiatives and solar workforce shortage
De-carbonization initiatives Inflation Reduction Act (IRA) includes government effort to reduce greenhouse gas emissions by >50% by 2030 Goal of 100% carbon pollution free electricity by 2035 Government aiming to mobilize private and public investment Credit Suisse estimates that total public and pr
Slide 9: Challenges: renewable energy and solar panel installation
CHALLENGES Renewable energy Labor concerns: Installation requires physically demanding work in remote locations Workplace injuries are significant problem for installers High employee turnover due to demands of work and lack of advancement Labor costs are a significant component of total costs Sched
Slide 10: Sapien 6M mobile robotic arms
SAPIEN™ 6M mobile robotic arms for use in a variety of complex environments Adds a mid-sized arm for mobile applications to the Sarcos product lineup Reduces human exposure to dangerous working conditions Application-specific end-effectors attach via end-of-arm interface IP66 for work in outdoor env
Slide 11: Sapien 6M use cases
SAPIEN™ 6M USE CASES Solar field construction Construction at height (welding/tool work) Infrastructure inspection and maintenance at height Power utility inspection & maintenance
Slide 12: Guardian XT: highly dexterous robotic system
Guardian®️ XT™: highly dexterous robotic system Optimize productivity for precise tasks in dangerous environments Reduce at-height and overhead fatigue Reduce injury & exposure to hazardous conditions Mitigate risks and associated costs Reduce insurance premiums & hazard pay BENEFITS Lift and manipu
Slide 13: Guardian XT example use case: construction
CHALLENGES Reduce idle and downtime due to worker fatigue Eliminate humans doing elevated and at-height work Eliminate worker exposure to hazmat (welding fuel gas, silica, cement dust, etc.) Reduces the need for other safety equipment for at-height work Repair and maintenance RESULTS Potentially lif
Slide 14: Guardian XT example use case: power utility
CHALLENGES Reduce occurrence and costs for fatalities & injuries Improve frequency and coverage of power line inspection and maintenance. Eliminate humans doing elevated and at-height work. Inspection & Maintenance RESULTS Hazardous conditions: High voltage power line work at-height and in all-weath
Slide 15: Sapien Sea Class
SAPIEN™ SEA CLASS Light work capabilities on an inspection-class vehicle lowers solution costs by reducing support personnel and equipment Integrates with existing deployed ROVs Allows for multiple hand tools to be used by a single gripper design Reduces human exposure to extremely dangerous working
Slide 16: Sapien Sea Class use cases
SAPIEN™ SEA CLASS USE CASES Offshore wind inspection & maintenance Naval EOD & mine neutralization Offshore production platform inspection & maintenance Underwater welding for construction Renewable energy inspection & maintenance
Slide 17: Guardian XO: Industry 4.0 workforce multiplier
Guardian® XO®: AN Industry 4.0 Workforce multiplier with reduced risks of injury Innovative technology offering significant productivity improvement Up to 200 lb lift capacity Hot-swap batteries, near-continuous operation Capable of up to 100% load relief < 30 seconds to don or doff Pricing starting
Slide 18: Guardian XO example use case: aircraft maintenance
CHALLENGES Heavy components handling: Frontline maintenance crews handle heavy tools and parts that can lead to fatigue and strain Injuries & downtime: 25.9 million+ workers lost an average of 7.2 days of work due to backpain1 Shoulder-related injuries: Employees are out of work for 27 days2 Inspect
Slide 19: Guardian XO example use case: logistics
CHALLENGES Heavy, ergonomically challenging tasks: Distribution center workers repeatedly lift heavy parcel bags off shelves to load into vans for last-mile delivery. Over time, these tasks can cause fatigue, strain, and back, shoulder, and neck injuries Last-mile delivery LOGISTICS HEAVY PARCEL BAG
Slide 20: Future of robots: tarmac
DE-ICING HEAVY TOOL MANIPULATION LUGGAGE HANDLING TECHOPS HEAVY PARTS HANDLING, DEPALLETIZING CARGO DOOR OPERATIONS MAIL, NON-CONVEYABLES, HEAVY CARGO LOADING Future of robots: TARMAC CATERING CART LOADING FUELING, WATER, LAVATORY SERVICES CONNECT TO GROUND POWER & COMMUNICATIONS WHEEL SUPPORT, JACK
Slide 21: Future of robots: shipyard
FUTURE OF ROBOTS: SHIPYARD NON-DESTRUCTIVE TESTING WELDING, CUTTING, HEATING VISUAL INSPECTION DOCKSIDE REPAIRS: PARTS SEQUENCING & DELIVERY SURFACE MAINTENANCE & CORROSION CONTROL UNDERWATER (UWILD) INSPECTIONS UNDERWATER HULL MAINTENANCE
Slide 22: Robot-as-a-Service (RaaS) model
Robot-as-a-service (raas) model Expected to accelerate adoption and deliver recurring revenues RAAS is expected to constitute majority of sales in medium to long term Benefits of RAAS raas vs. buy Maintenance and servicing covered by Sarcos Lowers barriers to deployment due to no CapEx outlay Simple
Slide 23: Target industries and customers; expected customer journey and timing
Target INDUSTRIES AND customers focused on work-at-height use cases in aviation, shipyard and vegetation management in the short-term DoD / Government “We owe it to the best airline employees on the planet to explore how emerging technology can make their jobs safer and easier…That’s why we sought o
Slide 24: Q&A
Q&A
Sarcos Technology & Robotics — Investor Presentation (November 2022) on 6ix