U.S. Coast Guard Renews Partnership with Palantir to Fight COVID-19
May 06 2021 - 6:59AM
Business Wire
Palantir Technologies Inc. (NYSE:PLTR) today announced the U.S.
Coast Guard has extended its commitment to use Palantir’s software
to help it respond to the COVID-19 pandemic.
The Coast Guard has been using Palantir’s software since April
2020 as the data management, analytics, and operations tool for its
response to the pandemic. This contract renewal has a base value of
$6.25 million and a potential total amount of $11.25 million for
nine months.
Palantir’s software enables centralized collaboration of
workspaces across the country, offering real-time visibility into
critical data for Coast Guard members anywhere, across ranks, to
make informed and risk-based decisions. The Coast Guard will
continue to use Palantir to create a common operating picture and
help determine resource allocation, including vaccines, to best
respond to the pandemic and enhance readiness.
The Coast Guard announced on April 21 that it had fully
vaccinated over 50% of its members since its vaccination campaign
began only four months ago.
“Palantir is proud to help enhance Coast Guard readiness, and
keep their staff and families safe. We look forward to continuing
to provide the Coast Guard with the very best technology to help
them ensure our Nation's maritime safety and security,” said Doug
Philippone, Palantir’s Global Defense Lead.
Palantir has played a key role in mitigating the global COVID-19
pandemic, supporting more than 100 organizations in their response
to the pandemic, including across the U.S. government and military.
At the Coast Guard, Palantir's software has enabled operational
management of the pandemic response, including collaborative
logistics planning, vaccine distribution and inventory tracking,
and centralized field reporting.
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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210506005437/en/
Media Contact Lisa Gordon media@palantir.com
Palantir Technologies (NYSE:PLTR)
Historical Stock Chart
From Mar 2024 to Apr 2024
Palantir Technologies (NYSE:PLTR)
Historical Stock Chart
From Apr 2023 to Apr 2024