Sarcos And Blattner Company Sign Agreement For Development Of Autonomous Robotic Solar Construction System
Portfolio Pulse from Benzinga Newsdesk
Sarcos Technology and Robotics Corporation (NASDAQ:STRC) and Blattner Company have entered into a collaboration agreement to develop and refine Sarcos' autonomous mobile robotic system for the installation of photovoltaic (PV) modules for utility-scale solar projects. The system aims to improve worker safety, enhance efficiency, and address labor shortages in the solar construction industry. The companies will conduct field trials over the next few years, with Blattner providing funding, expertise, and facilities for testing. The commercial launch of the system is estimated for late 2024.
July 19, 2023 | 1:05 pm
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Sarcos' partnership with Blattner to develop an autonomous robotic system for solar projects could potentially boost its market position and revenues in the long term. The commercial launch of the system is expected in late 2024.
The partnership with Blattner could potentially open new revenue streams for Sarcos in the renewable energy sector. The successful development and commercial launch of the autonomous robotic system could enhance Sarcos' market position and boost its revenues. However, the impact is expected to be realized in the long term, post the estimated commercial launch in late 2024.
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