Palladyne AI Corp., formerly known as Sarcos Technology and Robotics Corporation (STRC), has recently undergone a ticker symbol change. As of today, April 8, 2024, the company’s ticker symbols on the Nasdaq have transitioned from STRC and STRCW to PDYN and PDYNW123.
This strategic shift reflects Palladyne AI’s focused commitment to commercializing its advanced artificial intelligence (AI) and machine learning (ML) software platform. Their goal is to revolutionize robot capabilities, allowing them to observe, learn, reason, and act in ways similar to human intelligence. The software operates on the edge, enabling robots to autonomously maneuver and manipulate objects accurately, even in dynamic or complex environments. Palladyne AI’s approach extends beyond traditional robotics to include Unmanned Aerial Vehicles (UAVs), Unmanned Ground Vehicles (UGVs), and Remotely Operated Vehicles (ROVs)1.
In summary, the company’s pivot toward AI software development led to the change in ticker symbols, emphasizing their commitment to cutting-edge technology and automation4. No action by stockholders is required due to this ticker symbol change, and the number of outstanding shares remains unaffected1
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