Palantir Launches Foundry for Manufacturing on AWS to the Broader Market

Rhea-AI Summary

Palantir Technologies Inc. announced the launch of Palantir Foundry for Manufacturing on Amazon Web Services (AWS). This offering allows users to merge industrial data, decisions, and operations to fully harness manufacturing data. Foundry for Manufacturing on AWS helps manufacturers integrate and contextualize their data assets and unlock powerful applications. Foundry is becoming the primary operating system at Integrity Tool & Mold's largest plant in Windsor, Canada. Panasonic Energy Co., Ltd. and Jacobs have also deployed Foundry on AWS to improve their manufacturing operations.

DENVER, June 6, 2023 /PRNewswire/ -- Today, Palantir Technologies Inc. (NYSE: PLTR) ("Palantir"), a leading builder of operating systems for the modern enterprise, announced the launch of Palantir Foundry for Manufacturing on Amazon Web Services (AWS). This integrated offering allows users to merge industrial data, decisions, and operations to fully harness manufacturing data through its entire lifecycle. Foundry brings data to life for manufacturing customers, offering a single environment to drive optimization and organizational change. This is done through the seamless convergence of information technology and operational technology (IT/OT), as well as operations data, the integration of traceable data models, and closed-loop operational applications for leadership, engineers, and operators alike.

Foundry for Manufacturing on AWS is a comprehensive solution that helps manufacturers integrate and contextualize their data assets and unlock powerful applications, such as yield optimization, dynamic maintenance, production scheduling, and computer vision quality detection. Integrations between Foundry and AWS services such as AWS Lake Formation, Amazon Redshift and Amazon Relational Database Service (Amazon RDS) allow for additional flexibility.

Foundry for Manufacturing on AWS addresses the challenges of fragmented data systems with high barriers to access data, responding to the frequent value chain disruption, and widespread talent and skills shortages. With this solution based on the AWS Industrial Data Fabric offering, customers can take immediate steps toward transforming manufacturing and industrial operations and embracing a data-driven approach.

Foundry is quickly becoming the primary operating system at Integrity Tool & Mold's largest plant in Windsor, Canada. The company engaged with Palantir early on in its digital transformation journey and Integrity Tool & Mold is on track to build a best-in-class digital command center, connecting teams and data from across the organization to improve manufacturing operations.

"We believe that with the combination of our people, our vision and now with the Foundry platform, we can revolutionize the custom manufacturing industry," said Kevin Booker, Director of Operations at Integrity Tool & Mold. "We are now connecting to data points that we previously could not access, and injecting them back into our system in order to improve operational efficiency and quality."

Panasonic Energy Co., Ltd., a Panasonic Group Company recently deployed Foundry on AWS at its Panasonic Energy of North America facility in Sparks, Nevada. Foundry on AWS now serves as the foundation of Panasonic Energy of North America's Smart Factory ecosystem, deploying technology across the stack from Edge AI to SDKs. The SDKs allow enterprises to leverage the Foundry Ontology and ML capabilities in external applications across the business.

Jacobs, one of the world's largest engineering and technical services companies, developed a process optimization and dynamic maintenance solution suite in Palantir Foundry that connects predictive AI modeling with day-to-day site operations to improve energy and chemical usage across plant sites. In 6 months, Jacobs achieved a 20% annual reduction in plant-wide energy utilization at the pilot site location, and the company is now scaling to multiple plant locations.

"We're excited to deliver our cutting-edge manufacturing solution on Foundry through our dynamic relationship with AWS," said Gabby Rojas, Head of Manufacturing at Palantir. "In an era of increasing demands on the manufacturing sector and historic staffing shortages, it's more important than ever to help manufacturing clients unlock the power of their sensor data and AI to optimize operations."

"At AWS, we're inspired by what's possible when organizations have complete, unfettered access to their data and are able to transform operations, processes, and even entire industries by scaling to the cloud," said Wendy Bauer, General Manager, Automotive & Manufacturing at AWS. "We are excited to see the impact on customers as they use Foundry for Manufacturing on AWS, underscoring the importance of solutions available in AWS Marketplace and via the Industrial Data Fabric offering."

For more information, or to try Foundry for Manufacturing on AWS, please visit https://aws.amazon.com/solutions/industrial/industrial-data-fabric/ [aws.amazon.com]. 

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 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 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; and the reliability of our platforms or related third-party services and platforms. 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.

FAQ

What did Palantir Technologies announce?

Palantir Technologies announced the launch of Palantir Foundry for Manufacturing on Amazon Web Services (AWS).

What does Foundry for Manufacturing on AWS do?

Foundry for Manufacturing on AWS allows users to merge industrial data, decisions, and operations to fully harness manufacturing data.

Which companies have deployed Foundry on AWS?

Integrity Tool & Mold, Panasonic Energy Co., Ltd., and Jacobs have deployed Foundry on AWS.

What benefits does Foundry for Manufacturing on AWS offer?

Foundry for Manufacturing on AWS helps manufacturers integrate and contextualize their data assets and unlock powerful applications.

What is the primary operating system at Integrity Tool & Mold's plant?

Foundry is becoming the primary operating system at Integrity Tool & Mold's largest plant in Windsor, Canada.