Sarcos Forms New Advanced Technologies Software Business Division To Drive Emerging Saas/AI Revenue Opportunities
Portfolio Pulse from Benzinga Newsdesk
Sarcos Technology and Robotics Corporation (STRC) has formed a new Advanced Technologies Software Business Division to drive emerging SaaS/AI revenue opportunities. The move is aimed at leveraging the company's expertise in robotics and AI to create new revenue streams.
July 12, 2023 | 8:09 pm
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Sarcos' formation of a new Advanced Technologies Software Business Division could potentially increase its revenue by tapping into the growing SaaS/AI market.
The formation of a new division focused on SaaS/AI indicates Sarcos' strategic move to diversify its revenue streams and tap into the growing market. This could potentially increase the company's revenue and positively impact its stock price in the short term.
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