Palladyne Ai Corp. · NASDAQ:PDYN
Palladyne Ai — Sarcos Technology & Robotics — Investor Presentation (February 2024)
21 slides from Palladyne Ai's investor presentation, Feb 28, 2024
Slide 1: An AI platform to deliver human-like reasoning & autonomy for commercial and defense applications
An AI platform to deliver human-like reasoning & autonomy for commercial and defense applications February 28, 2024
Slide 2: Disclaimer
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, liquidity and cash burn
Slide 3: Sarcos At-A-Glance
SARCOS AT-A-GLANCE Figures on this page are current as of January 2024. Robotics DNA 30+ years in robotics and robotics software. Legacy leadership in dexterous mobile robot business across aviation, construction, energy, and defense sectors NASDAQ STRC Experience 30+ years of robotics engineering e
Slide 4: Sarcos: years of innovation and evolution
Sarcos: 40 years of innovation and evolution Sarcos Robotics starts trading - STRC (2021) Purchase from Raytheon (2015) 1983 2015 2021 2024 New AI software focus (2023) Anticipated AI/ML Software Framework Launch and Customer Trials Government/DoD R&D Sarcos spins out of University of Utah (1983) De
Slide 5: Our Vision: To enable machines to observe, learn, reason and act like humans
Our Vision: To enable machines to observe, learn, reason and act like humans Substantially accelerate speed of programming and training Increase agility, task sets and use cases Reduce need for human intervention and oversight Reduce cost of standing up and maintaining automation For mobile machines
Slide 6: Sarcos AI Tackles Some of the Biggest Challenges in Robotics
Sarcos AI Tackles SOME OF the biggest challenges in robotics Implementation of industrial robotics can take a long time and be very costly Most industrial robots are highly programmed for a specific task Today’s AI approaches (e.g., LLM1 for generative AI) require vast amounts of training data and a
Slide 7: Real-time Closed-loop Autonomy solves tasks for dynamic and unstructured environments
enable machines to observe, learn, reason and act like humans Real-time Closed-loop Autonomy solves tasks for dynamic and unstructured environments Completing complex tasks Disparate point solutions Addresses key challenges in robotic deployments: High cost of programming, deployment, and downtime A
Slide 8: AI for the Real (physical) world
AI for the Real (physical) world Most AI today lives In the digital world Occurs on the robot without a connection to the cloud. “The key for us is enabling autonomy in an unstructured environment that can dynamically change. We focus on generalized autonomy, providing closed-loop functionality to a
Slide 9: Sarcos' AI and ML Software Platform
Sarcos’ AI and ML Software Platform Real-time Closed-loop autonomy software framework + edge computing & training hardware Observe Learn Reason Act Learning occurs with minimal demonstrations (1-5) Dynamic Reasoning and Learning for novel task combinations or entirely new tasks Model adaptation to s
Slide 10: Sarcos AI/ML Software Platform for robotics
Sarcos AI/ML Software Platform for robotics Certain teleoperation devices may not be included as part of our sales package. Laptops are not sold as a part of the system; assumes customers will source separately or use existing company assets. 3. Designed to work with most industrial robots being sol
Slide 11: Sarcos AI Platform: Expected Advantages
Sarcos ai platform: Expected Advantages How our approach differs Full stack, closed-loop autonomy enables adaptability to dynamic changes in environment or defined task without human intervention or reprogramming Uses probabilistic machine learning (ML) techniques to learn the task, accounting for u
Slide 12: Hardware agnostic
Hardware agnostic1 Expected to enable stationary and mobile robotic platforms to be agile and autonomous, reduce human intervention and increase ROI Industrial Robots and Cobots Unmanned Aerial Vehicles Unmanned Ground Vehicles and Humanoids 1. Designed to work with most industrial robots being sold
Slide 13: Benefits of computing on the edge
Benefits of computing on the edge Complex extremely large data set integration Enormous amounts of cloud compute required Predict outcomes, make recommendations driven by large data sets and models Humans utilize in decision making, process improvement and optimizations Environmental, situational aw
Slide 14: Hidden costs of Power-Hungry AI approaches
hidden costs of Power-Hungry AI approaches How it’s done today “You’ll be astonished how much power it takes to generate a single AI image1” Photo Source: FreePik “The Gordian Knot of Structured Programming4 ” Photo Source: c3.ai “RT-1: Robotics Transformer for real-world control at scale2” Photo So
Slide 15: Potential use cases
Potential use cases Examples based on discussions with potential customers
Slide 16: Tasks & Challenges: manufacturing assembly
Tasks & CHALLENGES Changes in production line (products, fixes, updates) come at high cost – robot retraining and manufacturing downtime Sub parts Assembly manufacturing Structured manufacturing line, task variability Opportunity & expected benefits Low cost/quickly able to repurpose manipulators/ r
Slide 17: Tasks: steel structure construction bolting
Tasks Identify and torque bolts to spec on large steel structures; bridges, buildings, manufacturing facilities, etc. Inspection and repair of damaged bolts, moving/ aligning/securing steel beams (a.k.a. Cooning) build & repair steel structures construction Unstructured, ground-level/at-height, in-d
Slide 18: Tasks: unmanned aerial vehicles
Tasks Unmanned aerial vehicles Persistent detection, tracking, and classification Defense / commercial Unstructured, in-flight Opportunity & expected benefits Persistent sensor-based detection, tracking & classification resolves representation uncertainty and enhances situational awareness Shared si
Slide 19: Sarcos Financial Position
Qsarcos SARCOS FINANCIAL POSITION
Slide 20: Sarcos financial position
Sarcos financial position As of December 31, 2023; includes all cash, cash equivalents and marketable securities. For continuing operations, monthly and quarterly cash usage will vary; represents average monthly change in cash, cash equivalents and marketable securities. As of December 31, 2023. $39
Slide 21: [><] www.sarcos. feos] i
[><] www.sarcos. feos] i com/contact f=] www.sarcos.com in linkedin.com/company/sar O) 888-927-7296
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