DENVER and WINDSOR,
ON, Dec. 16, 2022 /PRNewswire/ -- Palantir
Technologies Inc. ("Palantir," NYSE: PLTR), a leading builder of
operating systems for the modern enterprise and Integrity Mold
& Tool ("Integrity"), a global pioneer in the tool and mold
industry, today announced a partnership to deploy Palantir Foundry
across business functions at Integrity to help support the
company's growth and cement its leading position in the market.
This multi-year, multi-million dollar deal will help optimize
Integrity's operations from the factory floor to sales, product
design, scheduling and engineering, helping revolutionize how the
company operates and how its leaders run the business. Palantir's
Foundry operating system is designed to lead to better, data-driven
decisions at all levels by using the data organisations already
have and will help optimize Integrity's assets by developing and
operationalizing the company's existing data foundation.
Founded in 2000 by a mold maker, Integrity has grown from a single
plant to five facilities in three locations in North America, projecting revenue of more than
C$230 million in 2023. Aware of the
importance of cutting-edge technology to guarantee speed of
execution and a competitive advantage over foreign manufacturers,
the company has been investing in its digital transformation. For
example, Integrity is setting up connectors to extract data from
its machines; this machine connectivity will be extended and
augmented by Palantir.
"Thanks to our talented and hardworking team, we had extracted all
the potential out of our current system but wanted a more advanced
data platform to reach our full potential," said Paul DiGiovanni, Integrity's founder and CEO.
"Palantir Foundry is aligned with our desire to act with speed to
push the boundaries of what is possible and will help take
Integrity to a new level."
Palantir believes software has a critical role in ensuring the job
security of tomorrow's workforce and its technology aims to
amplify, not replace, human decision making. Foundry is a
vertically integrated platform that bridges the full spectrum of
data operations and can be used by a workforce throughout
organisations.
"Our partners at Integrity recognize that software and
technology are key for North American manufacturers to compete
globally and to preserve manufacturing jobs," said David MacNaughton, president of Palantir
Technologies Canada. "This partnership shows how our cutting-edge
technology can benefit companies of all sizes, and we are proud to
support Integrity's pursuit of excellence."
Palantir's software is currently deployed in more than 50
industries and helps power decisions in some of the most complex
data environments in the world including healthcare, natural
resources, manufacturing, and government. Palantir is growing in
Canada, where it already employs
more than 50 people and works with customers in government,
finance, healthcare, energy and manufacturing.
About Palantir Technologies
Inc.
Foundational software of tomorrow. Delivered today. Additional
information is available at https://www.palantir.com.
About Integrity Tool & Mold,
Inc.
Integrity Tool & Mold is a global leader specializing in the
design and manufacturing of plastic injection molds for the
automotive industry. Founded in 2000 and headquartered in
Oldcastle (Windsor), Ontario,
Canada, Integrity currently has more than 700 highly skilled
team members operating out of three countries, dedicated to its
mission to be the most intelligently operated and professionally
run manufacturing system in the world.
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.
Media Contacts
Palantir
Lisa
Gordon
media@palantir.com
Integrity Tool & Mold
Lindsay Wilbur
Lindsay@teamintegrity.com
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SOURCE PALANTIR TECHNOLOGIES INC.