Sarcos Signs Manufacturing Services Agreement with Jabil to Advance Production Capabilities for Sarcos Robotic Systems
Jabil’s manufacturing expertise, supply chain knowledge and robotics experience to enable Sarcos to gain scale and supply chain benefits for its innovative products
Under the terms of the agreement, Sarcos will utilize Jabil’s broad manufacturing services to produce a variety of leading-edge robotic systems and sub-systems. Sarcos also will be able to leverage Jabil’s global footprint, strategic supplier relationships, and state-of-the-art manufacturing facilities to accelerate volume production while benefiting from advanced supply chain, procurement, and component-sourcing solutions.
“We expect that our relationship with Jabil will advance Sarcos’ manufacturing capabilities tremendously, helping to augment our overall production capacity and enabling us to scale much faster than we could without their support,” said
Sarcos expects to increase the production of its commercial robotics technologies throughout 2023, with manufacturing and assembly occurring at a combination of Sarcos’ facilities in
“Jabil is pleased to provide our value-added manufacturing services, which we are confident will expand Sarcos’ overall production capacity in a highly cost-effective and efficient manner,” said
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding product manufacturing capacity, the intended systems and sub-systems to be produced by Jabil and the benefits expected from outsourcing manufacturing to Jabil. Forward-looking statements are inherently subject to risks, uncertainties, and assumptions. Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events, or results of operations, are forward-looking statements. These statements may be preceded by, followed by, or include the words “believes,” “estimates,” “expects,” “projects,” “forecasts,” “may,” “will,” “should,” “seeks,” “plans,” “scheduled,” “anticipates,” “intends” or “continue” or similar expressions. Such forward-looking statements involve risks and uncertainties that may cause actual events, results, or performance to differ materially from those indicated by such statements. These forward-looking statements are based on Sarcos’ management’s current expectations and beliefs, as well as a number of assumptions concerning future events. However, there can be no assurance that the events, results, or trends identified in these forward-looking statements will occur or be achieved. Forward-looking statements speak only as of the date they are made, and Sarcos is not under any obligation and expressly disclaims any obligation, to update, alter or otherwise revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law.
Readers should carefully review the statements set forth in the reports which Sarcos has filed or will file from time to time with the
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