SAN FRANCISCO, June 29, 2017 /PRNewswire/ -- Prologis, Inc.
(NYSE: PLD), the global leader in logistics real estate, today
announced a strategic partnership with Plug and Play, a global
startup ecosystem and venture fund specializing in the development
of early-to-growth stage technology startups in the Supply Chain
and Logistics vertical.
Prologis will provide mentorship and space in its logistics real
estate properties to a select group of startups in the Plug and
Play accelerator program to pilot new technologies. Prologis joins
DHL, Maersk, Panasonic, Hitachi, Mann+Hummel, CMA CGA, Daimler, Deutsche Bahn, Swiss Post,
BASF, Union Pacific Railroad and Ericsson as partners with Plug and
Play.
"Prologis will collaborate with startups and industry
leaders—many of which are Prologis customers—to develop the next
generation of supply chain technology," said William O'Donnell, Senior Vice President,
Prologis. "With our continued focus on streamlining operations to
better serve our customers, we're making strides in driving the
future of logistics facilities. This is reflective in our
leading-edge building features such as solar and lighting
installations, and new building designs such as multistory
facilities. We look forward to exploring and integrating a range of
new capabilities, including advanced analytics, IoT and other
innovations within the supply chain."
"Plug and Play launched this new initiative to find new
technologies for the supply chain. This is one of the greatest
opportunities for corporations to innovate and transform the future
of the industry," said Saeed Amidi,
Founder and CEO of Plug and Play. "We're excited to have Prologis
join the program and to further support their innovation
strategy."
About Prologis
Prologis, Inc. is the global leader in
logistics real estate with a focus on high-barrier, high-growth
markets. As of March 31, 2017, the
company owned or had investments in, on a wholly owned basis or
through co-investment ventures, properties and development projects
expected to total approximately 678 million square feet (63 million
square meters) in 19 countries. Prologis leases modern distribution
facilities to a diverse base of approximately 5,200 customers
across two major categories: business-to-business and retail/online
fulfillment.
About Plug and Play Tech Center
Plug and Play is a
global innovation platform. We connect startups to corporations and
invest in over 150 companies every year. Since inception in
2006, our programs have expanded worldwide to include a presence in
22 locations globally giving startups the necessary resources to
succeed in Silicon Valley and beyond. With over 6,000 startups and
180 official corporate partners, we have created the ultimate
startup ecosystem in many industries. We provide active investments
with 200 leading Silicon Valley VCs, and host more than 365
networking events per year. Companies in our community have raised
over $6 billion in funding, with
successful portfolio exits including Danger, Dropbox, Lending Club,
PayPal, SoundHound, and Zoosk. For more information, visit
www.plugandplaytechcenter.com/supply-chain
Forward-Looking Statements
The statements in this
document that are not historical facts are forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. These forward-looking statements are based on
current expectations, estimates and projections about the industry
and markets in which we operate as well as management's beliefs and
assumptions. Such statements involve uncertainties that could
significantly impact our financial results. Words such as
"expects," "anticipates," "intends," "plans," "believes," "seeks,"
"estimates," including variations of such words and similar
expressions are intended to identify such forward-looking
statements, which generally are not historical in nature. All
statements that address operating performance, events or
developments that we expect or anticipate will occur in the future
— including statements relating to rent and occupancy growth,
development activity, contribution and disposition activity,
general conditions in the geographic areas where we operate, our
debt, capital structure and financial position, our ability to form
new co-investment ventures and the availability of capital in
existing or new co-investment ventures — are forward-looking
statements. These statements are not guarantees of future
performance and involve certain risks, uncertainties and
assumptions that are difficult to predict. Although we believe the
expectations reflected in any forward-looking statements are based
on reasonable assumptions, we can give no assurance that our
expectations will be attained and therefore, actual outcomes and
results may differ materially from what is expressed or forecasted
in such forward-looking statements. Some of the factors that may
affect outcomes and results include, but are not limited to: (i)
national, international, regional and local economic and political
climates, (ii) changes in financial markets, interest rates and
foreign currency exchange rates, (iii) increased or unanticipated
competition for our properties, (iv) risks associated with
acquisitions, dispositions and development of properties, (v)
maintenance of real estate investment trust status, tax structuring
and changes in income tax rates (vi) availability of financing and
capital, the levels of debt that we maintain and our credit
ratings, (vii) risks related to our investments in our
co-investment ventures, including our ability to establish new
co-investment ventures, (viii) risks of doing business
internationally, including currency risks, (ix) environmental
uncertainties, including risks of natural disasters, and (x) those
additional factors discussed in reports filed with the Securities
and Exchange Commission by us under the heading "Risk Factors." We
undertake no duty to update any forward-looking statements
appearing in this document, except as may be required by law.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/prologis-partners-with-plug-and-play-to-support-startups-in-supply-chain-and-logistics-300482211.html
SOURCE Prologis, Inc.