PENA selects Palantir
Foundry to operationalize data and introduce automated
efficiencies
DENVER, June 7, 2023
/PRNewswire/ -- Palantir Technologies Inc. (NYSE: PLTR)
("Palantir") and Panasonic Energy Co., Ltd., a Panasonic Group
Company, a global leader in high-quality lithium-ion batteries,
today announced a multi-year partnership to deliver an operations
"Smart Factory" for the Panasonic Energy of North America ("PENA") facility in Sparks, Nevada. The company has selected
Palantir's Foundry to help integrate edge sensors across factory
lines, introduce automated efficiencies and enable operational
users on factory floors to leverage connected operations. The
agreement expands Palantir's signature platform including
artificial intelligence and edge capabilities in the manufacturing
space.
Driven by Foundry and informed by PENA's expertise, the "Smart Factory" will be
utilized across the entirety of the information technology and
operational organization within PENA. Using Foundry, the system will guide
operational decision-making in their existing Nevada factory as well as the new facility in
De Soto, Kansas starting in 2025.
This strategic partnership is intended to provide the battery
leader with the ability to quickly generate meaningful cost savings
and increase return on investment once implemented.
"We engaged Palantir to assist on our journey towards a
connected factory by addressing the challenges of disparate data
systems and manual work arounds leading to inaccurate data
analysis," said Justin Herman, Chief
Information Officer of PENA.
"Within Foundry, we were able to operationalize our data and,
within months, reduce waste throughout our manufacturing process.
Over multiple use-cases across functional groups, Foundry is
assisting in driving operational excellence for PENA, empowering our people through accurate
data-driven decision making and delivering significant ROI per
year. And we are just getting started."
PENA previously relied on a
combination of automated and manual processes, inspecting thousands
of datapoints, and using ticketing systems to offer guidance on
next steps. Now, with Foundry, PENA will be able to use AI/ML capabilities to
increase uptime and decrease defects. Most of the manual processes
of the past have been completely replaced by automated software
with access to billions of data points across the entirety of the
company.
"PENA is a leader in their
field, and Foundry is the leading software to drive operational
excellence for PENA," said
Palantir CTO Shyam Sankar. "Foundry
now serves as the foundation of PENA's Smart Factory initiative, and we are
already seeing meaningful impact on reducing material scrap and
increasing line uptime, thereby improving the quality and volume of
production outputs."
About Palantir Technologies Inc.
Foundational software of tomorrow. Delivered today. Additional
information is available at https://www.palantir.com.
About Panasonic Energy Co., Ltd.
Panasonic Energy Co., Ltd., established in April 2022 as part of the Panasonic Group's
switch to an operating company system, provides innovative battery
technology-based products and solutions globally. Through its
automotive lithium-ion batteries, storage battery systems and dry
batteries, the company brings safe, reliable, and convenient power
to a broad range of business areas, from mobility and social
infrastructure to medical and consumer products. Panasonic Energy
is committed to contributing to a society that realizes happiness
and environmental sustainability, and through its business
activities the Company aims to address societal issues while taking
the lead on environmental initiatives. For more details, please
visit https://www.panasonic.com/global/energy/
About the Panasonic Group
Founded in 1918, and today a
global leader in developing innovative technologies and solutions
for wide-ranging applications in the consumer electronics, housing,
automotive, industry, communications, and energy sectors worldwide,
the Panasonic Group switched to an operating company system on
April 1, 2022 with Panasonic Holdings
Corporation serving as a holding company and eight companies
positioned under its umbrella. The Group reported consolidated net
sales of 8,378.9 billion yen for the
year ended March 31, 2023. To learn
more about the Panasonic Group, please visit:
https://holdings.panasonic/global/
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 Contact
Lisa Gordon
media@palantir.com
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SOURCE PALANTIR TECHNOLOGIES INC.