Sarcos Technological innovation and Robotics Corporation Closes Acquisition of RE2, Inc.

SALT LAKE City & PITTSBURGH, Pa.–(Business enterprise WIRE)–Sarcos Technology and Robotics Corporation (“Sarcos”) (NASDAQ: STRC and STRCW) today announced the thriving closing of the earlier announced acquisition of Pittsburgh-centered robotics firm RE2, Inc., a developer of autonomous and teleoperated cellular robotic systems for use in the aviation, design, protection, energy, and health care industries. The closing of this transaction provides alongside one another two primary commercial robotics groups focused on acquiring industrial robotic systems that strengthen worker basic safety and efficiency.

Total thought for the transaction was $100 million, consisting of $30 million in cash and

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