Palantir Partners with Ukrainian Tennis Star Elina Svitolina

Rhea-AI Summary

Palantir announces sponsorship of Ukrainian tennis player and humanitarian Elina Svitolina, deepening support for Ukraine

Positive

• Palantir's sponsorship of Elina Svitolina demonstrates its commitment to supporting Ukraine and its efforts in resettling refugees, documenting war crimes, and facilitating reconstruction projects.
• The partnership with Elina will also support the Elina Svitolina Foundation, which provides support to young Ukrainian tennis players and their families.
• Palantir CEO Alex Karp's visit to Ukraine in 2022 shows the company's dedication to the country and its people.

Negative

• None.

Palantir deepens support for Ukraine with sponsorship of champion tennis player, humanitarian, and mother

DENVER, June 29, 2023 /PRNewswire/ -- Palantir Technologies Inc. (NYSE: PLTR) ("Palantir") today announced its support of Ukrainian professional tennis player and humanitarian, Elina Svitolina ("Elina"). The partnership with Elina deepens Palantir's commitment to supporting Ukraine and its ongoing efforts to resettle refugees, document war crimes and facilitate additional reconstruction projects. 

The sponsorship with Elina, Ukraine's highest-ranked player in Women's Tennis Association history, is the first sponsorship of this kind for Palantir. Born out of Palantir's mission to defend and support Ukraine in the war efforts, the sponsorship will also support the Elina Svitolina Foundation, ("the Foundation") launched in 2019. The Foundation initially served and encouraged youth in Ukraine through scholarships, programs, and special events. Since the start of the war, the Foundation has redirected its focus to provide necessary support to young Ukrainian tennis players and their families by relocating them to European tennis academies and helping them safely chase their tennis dreams.

"Palantir has been a friend to Ukraine since the Russian aggression began," said Elina Svitolina. "I am thankful for the work they are doing in helping my government continue its fight to peacefully exist within our own borders. Palantir is helping that cause and my decision to partner with them helps advance our humanitarian missions."

As ambassador for United24, Elina focuses on the Rebuild Ukraine program. She has taken part in numerous restoration projects, including the rebuilding of a residential building, home to more than 100 Ukrainian families. Elina's humanitarian efforts focus on helping her native Ukraine rebuild, a goal being supported by Palantir technology on the ground throughout the country. The partnership with Elina deepens Palantir's relationship with Ukraine, working shoulder to shoulder with our counterparts focusing on the reconstruction in war-torn areas. 

"The employees of Palantir are proud to stand behind Elina and her work on behalf of Ukrainian relief," said Lisa Gordon, Head of Global Communications and Brand at Palantir. "We are aligned in our support and commitment to the people of Ukraine and thrilled about the potential impact of this partnership."

Palantir CEO Alex Karp was the first western CEO to visit Ukraine in June 2022, following the start of the war. Since that time, Palantir's efforts in Ukraine have been focused on the resettling refugees, providing technology to Ukrainians on the battlefield, and reestablishing schools in war-torn areas. 

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 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

View original content to download multimedia:https://www.prnewswire.com/news-releases/palantir-partners-with-ukrainian-tennis-star-elina-svitolina-301866445.html

SOURCE PALANTIR TECHNOLOGIES INC.

FAQ

Who is Palantir sponsoring?

Palantir is sponsoring Ukrainian tennis player and humanitarian Elina Svitolina.

What is the purpose of the sponsorship?

The sponsorship demonstrates Palantir's commitment to supporting Ukraine and its ongoing efforts in resettling refugees, documenting war crimes, and facilitating reconstruction projects.

What is the Elina Svitolina Foundation?

The Elina Svitolina Foundation provides support to young Ukrainian tennis players and their families, helping them pursue their tennis dreams.

What did Palantir CEO Alex Karp do in Ukraine?

Alex Karp visited Ukraine in 2022, showing Palantir's dedication to the country and its people. The company has been focused on resettling refugees, providing technology to Ukrainians on the battlefield, and reestablishing schools in war-torn areas.