Palladyne Ai Corp. · NASDAQ:PDYN
Palladyne Ai — Sarcos Technology & Robotics — Investor Presentation (February 2023)
31 slides from Palladyne Ai's investor presentation, Feb 23, 2023
Slide 1: Investor Presentation February 2023
Investor Presentation Nasdaq: STRC February 2023
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: About Sarcos
About Sarcos Manufacturer of dexterous robotic systems designed to master dangerous and Unstructured environments. Extensive R&D $375 million and 30+ years invested Deep IP Portfolio 325 technology patents issued or filed Technical Expertise 25 PhDs, 75 Master’s, 178 world-class robotics engineers L
Slide 4: The Sarcos Mission
The SARCOS mission PREVENT INJURIES AND increase worker productivity and longevity through robotics - Our Focus - Sarcos is enabling the workforce of the future by combining human intelligence, instinct and judgment with the strength, endurance and precision of machines to create dexterous robots th
Slide 5: Key Investment Rationale
Key Investment Rationale Commercializing R&D investment into huge market opportunities Massive market opportunity with solutions that address many use cases across numerous huge end markets including power and utilities, aerospace, defense and construction Focusing on significant near-term commercia
Slide 6: Sarcos Robotic Solutions
Sarcos Robotic solutions Guardian robots are end-to-end systems, not market-specific Guardian: one who guards, protects, or preserves Teleoperation and supervised autonomy are protecting the operator Sarcos has a registered trademark for Guardian® Every individual robot we design and produce is crea
Slide 7: Asset-light Approach to Manufacturing
Asset-light approach to Manufacturing Addition of contract manufacturer to enable SCALABILITY Insourced development Outsourced production Process Maturation Enabling Transfer Engineering Development Rapid Prototyping Supplier & Line Qualification Ramp to Volume Sarcos Value add Contract Manufacturer
Slide 8: Sarcos Solutions Gaining Traction
Sarcos solutions gaining traction 2020 1983 Sarcos founded Fully electric semi-autonomy 2022 Q2 2022 Q2 Acquired RE2 2022 Q3 Began production of XM Began production of XT, Robot Service Platform 2022 Q4 MID 2023 MID 2023 Planned scale deployments of XT and Sea Class Planned scale deployments of XM,
Slide 9: $147 Billion Target Market in the US
POWER & UTILITIES Power line and transformer maintenance Infrastructure inspection Solar field installation AEROSPACE Service airliners Maintenance & repair Assembly support DEFENSE Logistics Maintenance, repair, hydroblasting CONSTRUCTION Build & repair Material transport AUTOMOTIVE Ship / receive
Slide 10: Aerospace / Aviation
Aerospace / Aviation 1. Sarcos' Total Addressable Market (TAM) is a subset of this larger number, representing aircraft maintenance & ground service jobs to be done. Global opportunity is limited to top 13 countries we are likely to sell in vs. every country. 2. https://www.linkedin.com/pulse/how-co
Slide 11: Solar Energy Market Opportunity
Solar Energy Significant and Growing Market Opportunity market traction Successful installation of 76 panels in field with large utility and EPC sponsored by DOE. Solar was 39% of new generating capacity in 1H’221 Utility-scale projects will face significant growth risks from IRA2 and UFLPA2 – will
Slide 12: Sarcos Robotic Solar-Module Installation Solution
Sarcos Robotic Solar-Module Installation Solution iy f f Acknowledgment: This material is based upon work supported by the U.S, Renewable Energy (EERE) under the Solar Energf Technologies Office Award Number DE-EE00093: ergy Efficiency
Slide 13: Construction Market Opportunity for Robotic Solutions
Construction Significant and Growing Market Opportunity for Robotic Solutions > 375K unfilled jobs, as of July 2022. Construction workers quit their jobs at a faster rate than they were laid off or discharged for the 17th consecutive month in July 20221. 40%+ of the current workforce is expected to
Slide 14: SubSea Market Opportunity for Robotic Solutions
SubSea Growing Market Opportunity for Robotic Solutions Fully integrated with VideoRay® Deep water applications: Continued work on the Office of Naval Research-funded Dexterous Maritime Manipulation System project, which will provide Navy explosive ordnance disposal personnel with the ability to rem
Slide 15: Guardian Autonomous Underwater Manipulation
SARCOS. GUARDIAN’ Autonomous Underwater Manipulation
Slide 16: Sarcos Solution Portal and Data
Baggage Loading/Unloading Door Opening Water Service Customers Solar Field Construction Surface Preparation Future Apps Future Apps Data: AI/ML learning models, business analytics, performance, predictive maintenance, scheduling, logistics, etc. Value: improved operations, insights, statistics, etc.
Slide 17: Flexibility for Dynamic Industrial Environments
ENVIRONMENT STRUCTURED UNSTRUCTURED PHYSICALLY DEMANDING WORK flexibility for dynamic industrial environments Sarcos is strongly positioned to address THIS NEED
Slide 18: Environmental, Social, Governance
Environmental, social, governance Sarcos is a natural fit with esg principles Environmental Enabling speedier transition to solar energy Robotic systems are all electric Social Robotic technology eliminates need to put workers in many dangerous situations Upskill workers from manual labor to robotic
Slide 19: Financial Highlights
Revenue Profile Gross Margin and Liquidity $4.7M Revenue for Q3 2022 $13-15M Revenue Guidance for 2022 24% Gross Margin for Q3 2022 $135M Cash and Cash Equivalents on 9/30/22 ~$6.1M* Revenue for Q4 2022 ~$14.6M* Revenue for 2022 $114.5M Cash and Cash Equivalents on 12/31/22 Financial Highlights * Su
Slide 20: Kiva Allgood
Kiva Allgood A leader with a proven track record of bringing products to market Technology executive with public company experience leading multi-billion-dollar business units 20 years of experience commercializing complex technologies Instrumental in bringing to market: Online banking Motorola Razr
Slide 21: Key Investment Rationale
Key Investment Rationale Commercializing R&D investment into huge market opportunities Massive market opportunity with solutions that address many use cases across numerous huge end markets including power and utilities, aerospace, defense and construction Focusing on significant near-term commercia
Slide 22: Appendix
APPENDIX Use this box if you have footnotes; otherwise delete
Slide 23: Future of Robots
FUTURE OF ROBOTS 'DOCKSIDE REPAIRS: PARTS = [ =| a Py m1 E & a eel a = til 7 ‘SEQUENCING & DELIVERY : Fecal Tamed Sa ce Dm rors weary ane saan, sarc Lue = “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 so
Slide 24: Autonomous Port and Military Use Cases
autonomous Port and military Use Cases Expeditionary EOD 300m or less RIB deployed Launch & recovery from RIB Teleoperate on target Imitative controller & OCU Autonomous waypoint Missile/ordnance recovery Hook & line / lift bags IED - complex environments Pier pilings Limpet mines Overcharge deploym
Slide 25: Aviation Use Cases
Aviation Use Case De-icing Aircraft De-icing aircraft at the gate Semi-autonomously apply de-icing fluid to the aircraft while it is still at the gate Ensure better coverage and reduce waste of de-icing fluid Surface Preparation Surface removal (corn starch blasting) Rapid removal of surface coating
Slide 26: Solar Energy Use Case
Solar energy Use Case Solar Panel Manipulation Autonomously pick and place PV modules delivery to installation on racking systems O-AMPP project: which began in 2021 with funding support from the U.S. Department of Energy Solar Energy Technologies Office (SETO), aims to streamline the process of sol
Slide 27: Construction Use Cases: Surface Prep
CONSTRUCTION USE CASES SURFACE PREP Plasma / laser ablation to remove material from the side of the ship Media blasting to remove paint & rust
Slide 28: Construction Use Cases: At-height
CONSTRUCTION USE CASES At-height Surface Removal At-height surface removal (grinding/sanding) Removal of surface coatings using hand tools like grinders, sanders, and laser ablation Common in commercial and infrastructure construction to smooth out surface irregularities At-height surface removal (m
Slide 29: Customer Support / Sarcos Fleet Management
Customer Support / Sarcos Fleet Management Data Analytics Cellular and Wifi Connectivity Robots, Human Machine Interfaces Business Case Support fielded robots Gather operational insight and tools Provide real world human/robot data Support Deployment of Software as a Service IoT Hub Device Twin Azur
Slide 30: Leadership Experience
LEADERSHIP EXPERIENCE Dr. Fraser Smith Founder, Distinguished Engineer President, Raytheon Sarcos Jorgen Pedersen Chief Operating Officer Founder, RE2 Robotics Steve Sonne Chief Legal Officer Booking Holdings Lisa Johnson VP, Supply Chain and Quality Boeing Supply Chain Executive Drew Hamer Chief Fi
Slide 31: Board of Directors
Sarcos Technology and Robotics Corporation BOARD OF DIRECTORS Laura Peterson VP (former), The Boeing Company Board of Directors: Air Transport Services Group Ben Wolff Director, Co-Founder, Sarcos Board of Directors: Globalstar Brian Finn CEO (former), Credit Suisse Board of Directors: Scotts Miracl
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