Palantir Technologies and Rio Tinto Sign Multi-Year Enterprise Partnership
January 28 2021 - 6:59AM
Business Wire
Palantir Technologies Inc. (NYSE:PLTR) announced today it has
signed a multi-year enterprise agreement for its Foundry Platform
with Rio Tinto (ASX:RIO), one of the world’s leading mining and
metals corporations.
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Description: Saguenay/IOC, Reclaimer, the
port in Sept-Iles, Quebec, Canada Source: Rio Tinto Brand Bank
Copyright © 2021 Rio Tinto
Palantir’s software will integrate raw data from a multitude of
disparate sources into a representation of critical mining
operations. Rio Tinto will be able to make decisions and take
actions using a single source of truth that combines operational
and transactional data. This data resource will be available, with
the necessary security and privacy controls, to its frontline and
office-based workers.
“This partnership is an important step in our digital
transformation; enabling fast-paced, forward-looking decision
making across our operations leading to improved results in safety,
cost and production,” says Fay Cranmer, Rio Tinto’s CIO. “We are
excited to work with Palantir in the collaborative delivery of
digital products, with best-in-class data technology.”
The new multi-year partnership with Rio Tinto builds on a number
of successful data integration projects explored last year across
various business units including: transforming Borates to a digital
business across the value chain; connecting people with data in Rio
Tinto’s underground operations; and assisting the company with the
safety and well-being of its employees during the COVID-19
pandemic.
“This is a significant industry partnership for us”, says Shyam
Sankar, COO of Palantir. “Our Foundry Platform has been used
extensively to accelerate delivery and optimise value chains across
a number of market sectors where safety matters.”
About Palantir
Palantir Technologies Inc. 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 non-profit sectors
transform the way they use their data. Additional information is
available at 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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Lisa Gordon media@palantir.com
Palantir Technologies (NYSE:PLTR)
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