Palantir Selected by the National Nuclear Security Administration for 5-year, $89.9M Contract for SAFER Project
April 05 2021 - 6:59AM
Business Wire
Palantir Technologies Inc.
(NYSE:PLTR) today announced it had been selected by the National
Nuclear Security Administration (NNSA) to provide its Office of
Safety, Infrastructure, and Operations with a platform for
effective knowledge management and data-driven decision-making in
an agreement worth up to $89.9 million for a duration of up to 5
years.
Palantir will serve as the
platform for NNSA’s Safety Analytics, Forecasting, and Evaluation
Reporting (SAFER) project. SAFER will help the NNSA in their
mission to manage nuclear security by allowing it to best allocate
its human and financial resources to prioritize safety. This is
Palantir’s first contract with the NNSA.
For SAFER, Palantir will
configure a common operating picture that will integrate data and
allow the NNSA to measure the health of safety programs across the
organization and provide timely insights into data. The program
will give NNSA staff the ability to track, trend, query, analyze,
and visualize safety metrics from different sites across the
country. Palantir’s software allows for the integration of data
across the enterprise regardless of data type or source system, and
its granular security model is uniquely suited for the NNSA to
collaborate across its sites securely.
“Our work with NNSA
illustrates Palantir’s mission to provide software to the world’s
most important institutions in support of their most critical
work,” said Palantir USG President Akash Jain. “We are excited to
expand our work within the U.S. government and provide the NNSA
with a high-tech solution to make the best possible use of its
resources in support of the Nation’s nuclear security
missions.”
About NNSA
Established by Congress in
2000, NNSA is a semi-autonomous agency within the U.S. Department
of Energy responsible for enhancing national security through the
military application of nuclear science. NNSA maintains and
enhances the safety, security, and effectiveness of the U.S.
nuclear weapons stockpile; works to reduce the global danger from
weapons of mass destruction; provides the U.S. Navy with safe and
militarily effective nuclear propulsion; and responds to nuclear
and radiological emergencies in the United States and
abroad.
About Palantir Technologies
Palantir Technologies is a
software company that builds enterprise data platforms for use by
organizations with complex and sensitive data environments. From
building safer cars and planes, to discovering new drugs and
combating terrorism, Palantir helps customers across the public,
private, and nonprofit sectors transform the way they use their
data. Additional information is available at
https://www.palantir.com.
Forward-Looking Statements
This press release contains
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 statements may
relate to, but are not limited to, Palantir’s expectations
regarding the amount and the terms of the contract and the expected
benefits of our software platforms. Forward-looking statements are
inherently subject to risks and uncertainties, some of which cannot
be predicted or quantified. Forward-looking statements are based on
information available at the time those statements are made and
were based on current expectations as well as the beliefs and
assumptions of management as of that time with respect to future
events. These statements are subject to risks and uncertainties,
many of which involve factors or circumstances that are beyond our
control. These risks and uncertainties include our ability to meet
the unique needs of our customer; the failure of our platforms to
satisfy our customer or perform as desired; the frequency or
severity of any software and implementation errors; our platforms’
reliability; and our customer’s ability to modify or terminate the
contract. Additional information regarding these and other risks
and uncertainties is included in the filings we make with the
Securities and Exchange Commission from time to time. Except as
required by law, we do not undertake any obligation to publicly
update or revise any forward-looking statement, whether as a result
of new information, future developments, or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20210405005238/en/
Lisa Gordon
media@palantir.com
Palantir Technologies (NYSE:PLTR)
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