Palantir Technologies Expands Japan Business with New $22.5 Million Contract
January 04 2021 - 6:59AM
Business Wire
Palantir Technologies Inc. (NYSE:PLTR) announced today that on
December 28, 2020, it was awarded a $22.5 million, one-year
contract in partnership with SOMPO Holdings for the “Real Data
Platform for Security, Health, and Wellbeing”. SOMPO’s visionary
Real Data Platform, or “RDP” is a collaborative ecosystem between
public and private sectors that will improve healthcare in Japan,
streamline supply chains across industries, and increase security
and resilience in the region.
In November 2019, SOMPO and Palantir jointly established
Palantir Technologies Japan K.K., a technology company that would
provide Palantir’s platforms and services in Japan. Already,
Palantir Japan has actively supported elder care transformation,
with active work across dozens of facilities to make care plans
more efficient and effective and improve facility operations.
SOMPO’s RDP objectives will accelerate the digital
transformation of Japanese commercial and governmental
institutions, and create connected infrastructure across key
industries. Japanese industries, ranging from healthcare to
automotive to manufacturing, have generated a tremendous amount of
“real data” over the past few decades. For example, Japan alone has
more than 60,000 elder care facilities, each generating real data
from suppliers, facilities, care plans, training programs, and
more. The RDP, with SOMPO at the forefront, will serve as the
connected infrastructure for this and other industries, including
logistics, transportation, research, and government agencies.
Further updates on the RDP will be provided in a forthcoming
joint press release between SOMPO and Palantir.
About Palantir Technologies Inc.
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.
About Palantir Technologies Japan K.K.
Co-founded by SOMPO Holdings, Inc. and Palantir Technologies
Inc., Palantir Japan enables the digital transformation of Japanese
government and commercial institutions by providing the Palantir
Gotham and Palantir Foundry platforms and enabling the security of
real operational data. For more information, please see
https://www.palantir.com/japan or email japan@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 its software platforms in
Japan. 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 and/or partner; the failure of our platforms to satisfy
our customer and/or partner or perform as desired; the frequency or
severity of any software and implementation errors; our platforms’
reliability; and our customer’s and/or partner’s ability to modify
or terminate the contract or partnership. 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/20210104005171/en/
Lisa Gordon media@palantir.com
Palantir Technologies (NYSE:PLTR)
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