Palantir Technologies and Hyundai Heavy Industries Group Grow Partnership to +$45M with Expansion into Shipbuilding
20 Setembro 2022 - 6:00PM
Business Wire
Palantir Technologies Inc. (NYSE:PLTR) today announced a major
expansion of its partnership with South Korea’s Hyundai Heavy
Industries Group by bringing Palantir Foundry to additional
companies within the conglomerate. Korea Shipbuilding &
Offshore Engineering (KSOE) will utilize the Palantir Foundry
operating system across its shipbuilding subsidiaries — Hyundai
Heavy Industries Co, Hyundai Samho Heavy Industries, and Hyundai
Mipo Dockyard — in order to advance the “Future of Shipyard”
vision.
Teams across the shipbuilding subsidiaries will use Foundry to
help them make better, data-driven decisions, focused especially on
safety and operational efficiency. During the successful pilot
phase, shipbuilding teams used Foundry to improve architectural
design of ships, ensure quality on production lines, and bring the
power of big data analysis to standard safety procedures.
This expansion, valued at $20M over 5 years, deepens Palantir's
partnership with Hyundai Heavy Industries Group and helps with the
digital transformation of South Korea's storied shipbuilders.
As announced in January, Foundry is already in use across
Hyundai Oilbank for crude oil selection, daily refinery operations,
and more. Hyundai Doosan Infracore, another HHI Group subsidiary,
has been using Foundry since 2019 for process management, parts
management, supply chain optimization, and more. These contracts
are valued at over $25M, bringing the total of our contracts to
over $45M over 5 years.
“We will change the way we work by working with Palantir
Technologies,” said Taejin Lee, CDO of HHI Group. “We aim to
enhance the competitiveness of our group by setting up an
environment where we can make data-based decisions.”
Today’s announcement marks a significant step towards the
formation of a joint venture. In January 2022, at an executive
gathering at CES in Las Vegas, the two companies signed an
agreement to establish a big data platform for use across the Group
and in Hyundai Heavy’s core markets in both the public and private
sectors.
“Hyundai Heavy is an industrial leader working at the leading
edge of some of the most complex engineering challenges that we
collectively face,” said Alexander C. Karp, co-founder and chief
executive officer of Palantir Technologies Inc. “We could not be
more enthusiastic about expanding our partnership and are actively
working to extend access to our software across Hyundai Heavy’s
operations, as well as the country’s commercial and government
sectors.”
About Palantir Technologies Inc.
Foundational software of tomorrow. Delivered today. Additional
information is available at https://www.palantir.com.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the U.S. Securities Act of 1933, as
amended, and Section 21E of the U.S. Securities Exchange Act of
1934, as amended. These statements may relate to, but are not
limited to, Palantir’s expectations regarding the terms and the
expected benefits of the partnership. 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 Palantir’s control. These risks and uncertainties
include Palantir’s ability to meet the unique needs of its
customers; the failure of its platforms to satisfy its customers or
perform as desired; the frequency or severity of any software and
implementation errors; the reliability of Palantir’s platforms; the
terms and conditions of any strategic agreements or relationships;
and the ability of Palantir’s customers to modify or terminate
their contracts. Additional information regarding these and other
risks and uncertainties is included in the filings Palantir makes
with the U.S. Securities and Exchange Commission from time to time.
Except as required by law, Palantir does 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/20220920006221/en/
Lisa Gordon media@palantir.com
Palantir Technologies (NYSE:PLTR)
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