Leading supply chain and commodity pricing AI
companies will support DARPA's OPEN program mission to increase
global critical materials market transparency
WASHINGTON, July 17,
2024 /PRNewswire/ -- Exiger, the market-leading
supply chain and third-party risk AI company, and MetalMiner, the
leading metal commodities price intelligence brand, announced today
that they have been selected by the Defense Advanced Research
Projects Agency (DARPA) to support the Open Price Exploration for
National security (OPEN) program.
Exiger's advanced AI capabilities to
provide supply chain visibility that supports DARPA's critical
program
The research and development program, in partnership with the
United States Geological Survey (USGS), aims to enhance supply
chain resilience and national security through the development of
technology that improves transparency in critical commodity pricing
and supply, demand and capacity forecasting.
"Base and rare earth metals and other key minerals are vital to
U.S. defense operations and national security. But, opacity in
these complex markets creates barriers to supply chain resilience,
Department of Defense readiness and economic competitiveness," said
Exiger CEO Brandon Daniels. "We're
honored to be selected by DARPA and to partner with MetalMiner to
leverage Exiger's advanced AI and cognitive computing capabilities
to provide supply chain visibility that supports this critical
program."
Exiger and MetalMiner will collaborate on technology
development, combining MetalMiner's deep expertise in commodities
markets and Exiger's experience managing multi-tier supply chains.
Exiger's proprietary, real-time supply chain data will enhance
MetalMiner's pricing models and forecasting algorithms.
"We're proud to work with Exiger to architect new solutions for
DARPA that seek to drive long-term stability and informed
decision-making in the commodities market," said MetalMiner CEO
Lisa Reisman. "The combination of
Exiger's cognitive capabilities and MetalMiner's time series
forecasting ability will introduce a new level of accuracy, insight
and sophistication to market pricing and forecasting."
OPEN is structured as a single-phase, 24-month effort which will
consist of a seven-month base period with two options.
About Exiger
Exiger is revolutionizing the way corporations, government
agencies and banks navigate risk and compliance in their
third-parties, supply chains and customers through its software and
tech-enabled solutions. Exiger's mission is to make the world a
safer and more transparent place to succeed. Empowering its 550
customers across the globe, including 150 in the Fortune 500 and
over 55 organizations across the Defense Industrial Base and
government agencies, with award-winning AI technology, Exiger leads
the way in ESG, cyber, financial crime, third-party and supply
chain management. Named one of Fast Company's 2023 'Brands That
Matter,' Exiger's work has been recognized by 40+ AI, RegTech and
Supply Chain partner awards. Learn more at Exiger.com and follow
Exiger on LinkedIn.
About MetalMiner
MetalMiner stands at the forefront of metal market price
intelligence as the leading Price Reporting Agency (PRA) for a
diverse range of metals, including grain-oriented electrical steel,
North American stainless steel, and specialized metals. Known for
its innovative use of data science in the metal price intelligence
sector, MetalMiner's platform, MetalMiner Insights, leverages
artificial intelligence (AI), technical analysis (TA), and deep
industry expertise to offer detailed forecasts and strategic buying
recommendations. These tools empower global manufacturers with
precise, actionable insights across a full spectrum of metals,
including carbon steel, nonferrous metals, precious metals, and
minor metals. For further information, visit MetalMiner and
follow their updates on LinkedIn.
For more information, please contact:
Kody Gurfein
Chief Marketing Officer for Exiger
1.914.393.0398
kgurfein@exiger.com
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SOURCE Exiger