DALLAS and DENVER, March 2,
2022 /PRNewswire/ -- Jacobs (NYSE:J) and Palantir
Technologies Inc. ("Palantir," NYSE: PLTR) today announced a global
strategic collaboration targeting data and technology solutions for
the infrastructure and national security markets.
The near-term focus of the relationship is the water sector – a
critical enabling infrastructure – and involves the launch of a
joint data analytics offering to support public and private sector
clients in solving their most complex water infrastructure
problems. The water data analytics solution aggregates and analyzes
plant data to manage and optimize water and wastewater treatment
plant operations and maintenance (O&M), aimed at reducing costs
and improving plant performance. The partnership plans to
expand and commercialize this innovative solution.
This and other Jacobs-Palantir solutions are poised to respond
to clients' data and cyber challenges – and transform the design,
delivery, operation and management of infrastructure and national
security systems around the world.
"Jacobs' leadership in the water sector and proven Industrial AI
and software solutions, combined with Palantir's best-in-class
platform, will deliver innovative solutions to our global network
of water infrastructure clients," said Jacobs Chair and CEO
Steve Demetriou. "And in the
process, unlock new opportunities to create a more connected and
sustainable world."
Jacobs will leverage its existing O&M portfolio, as well as
proprietary machine learning modules and wastewater process
optimization tools such as Replica™, to develop and pilot a dynamic
management solution suite that combines the Palantir Foundry
operating system, connecting day-to-day site operations with AI to
optimize power, chemical usage and asset management. The derived
analytics and insights will help increase plant performance, reduce
lifecycle costs and secure plants from cyber threats – while
supporting regulatory compliance and realization of ESG goals.
"Palantir is proud to partner with Jacobs to revolutionize water
treatment and looks forward to working together across sectors
tackling the world's most pressing problems," said Palantir CEO
Alex Karp. "Jacobs' vision,
technical expertise and speed of execution make Jacobs an ideal
partner for Palantir."
Palantir Foundry is an operating system designed to break down
silos between disparate data systems, creating a central operating
system for an organization's data, leading to faster data-driven
decision making across the enterprise. Designed to scale with
increasing complexity, the system is ideally suited to provide a
digital backbone of key workflows for the complex domain of
wastewater treatment. Its multi-layered security and advanced data
management protocols will help defend these critical utilities
against cyber-terrorism and other threats, while pursuing the value
of connectivity in data.
Looking forward, Jacobs and Palantir are planning other joint
technical and programmatic initiatives to serve U.S. federal
government customers.
About Palantir Technologies Inc.
Palantir Technologies is a technology company that builds
enterprise data platforms for use by organizations with complex and
sensitive data environments. From building safer cars and planes,
to discovering new drugs and combating terrorism, Palantir helps
customers across the public, private, and nonprofit sectors
transform the way they use their data. Additional information is
available at https://www.palantir.com.
About Jacobs
At Jacobs, we're challenging today to reinvent tomorrow by
solving the world's most critical problems for thriving cities,
resilient environments, mission-critical outcomes, operational
advancement, scientific discovery and cutting-edge manufacturing,
turning abstract ideas into realities that transform the world for
good. With $14 billion in revenue and
a talent force of approximately 55,000, Jacobs provides a full
spectrum of professional services including consulting, technical,
scientific and project delivery for the government and private
sector. Visit jacobs.com and connect with Jacobs on
Facebook, Instagram, LinkedIn and Twitter.
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,
expectations regarding the terms of the partnership and the
expected benefits of the software platforms and solutions.
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 and Jacobs' control.
These risks and uncertainties include Palantir's and/or Jacobs'
ability, as applicable, to meet the unique needs of its customers;
the failure of its platforms and solutions to satisfy its customer
or perform as desired; the frequency or severity of any software
and implementation errors; its platforms' reliability; and the
ability to modify or terminate the partnership. Additional
information regarding these and other risks and uncertainties is
included in the filings Palantir or Jacobs, as applicable, makes
with the Securities and Exchange Commission from time to time.
Except as required by law, neither Palantir nor Jacobs undertakes
any obligation to publicly update or revise any forward-looking
statement, whether as a result of new information, future
developments, or otherwise.
For press/media inquiries:
Jacobs Investors:
Jonathan Doros, 214-583-8596
jonathan.doros@jacobs.com
Jacobs Media:
Kerrie Sparks
kerrie.sparks@jacobs.com
Palantir Media:
Lisa Gordon
media@palantir.com
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SOURCE Jacobs