CANBERRA, Australia and PERTH, Australia, Nov. 8, 2022
/PRNewswire/ -- Palantir Technologies Inc. (Palantir, NYSE: PLTR),
a leading builder of operating systems for the modern enterprise,
and WesTrac, a leading provider of heavy mobile equipment and
aftermarket services to the Australian mining and construction
sectors, today announced a partnership to deploy Palantir Foundry
across WesTrac's servicing and rebuild operations centres in
Perth, Western Australia.
The agreement further expands Palantir's work in the Australian
industrial sector, adding to its long-term flagship partnership
with Rio Tinto. Palantir's Foundry operating system, designed to
leverage data for better decision-making across organisations of
all sizes, will be used to drive digital transformation and help
improve performance at WesTrac workshops, including by reducing
work order delays and increasing work order velocity.
WesTrac and Palantir first began collaboration in 2021, and the
current formal agreement will eventually expand to include WesTrac
workshops in New South Wales.
The use of Palantir's technology will help improve visibility of
scheduled work, expand WesTrac's digital twin, improve data
discovery across multiple data sources and scale solutions to be
delivered across multiple WesTrac workshops. Foundry allows for the
integration of siloed data sources into a common operating picture
and bridges the full spectrum of data operations. At WesTrac, the
technology will for example allow it to anticipate workshop
bottlenecks, improve labour allocation, and provide possible
solutions or recommendations.
"We are excited to partner with WesTrac on their digital
transformation journey and bring Palantir's proven, cutting-edge
technology to another emblematic Australian company" said
Ashwin Rajan, Head of Commercial for
Australia at Palantir. "Palantir
Foundry will help transform WesTrac by providing unique insight
into its critical operational and manufacturing decisions."
"The WesTrac team are delighted to be working with Palantir on a
project that will further digitalise our rebuild operations" said
Jarvas Croome, Chief Executive
Officer of WesTrac. "The solution will unlock capacity and improve
work efficiency by optimising steps in the workflow via near
real-time information on job status, and by recommending next steps
to improve job outcomes. We see this as a key step in the
continuation of our journey to deploy data and advanced analytics
across our business."
Palantir's software is currently deployed in more than 50
industries, and helps power decisions in some of the most complex
data environments in the world including natural resources,
manufacturing, finance, and government. Palantir employs more than
50 people in Australia.
About Palantir
Foundational software of tomorrow. Delivered today. Additional
information is available at https://www.palantir.com.
About WesTrac
As one of the largest authorised Cat equipment dealers in the
world, WesTrac provides customers with a wide range of machinery
and construction equipment as well as comprehensive whole-of-life
management solutions designed to make owning and operating
equipment as easy, profitable and safe as possible. With more than
4,000 team members, WesTrac is dedicated to creating and delivering
outstanding value for our team, customers, shareholders and the
community. We are committed to excellence and are focused on
long-term customer relationships and a dedication to customer
service, safety, quality and the environment. Community involvement
is an important part of the WesTrac philosophy, and we are proud to
support local activities, events and charities in the regions in
which we are based. As part of Seven Group Holdings Ltd, WesTrac
also has strong alliances with other leading Australian businesses,
including Seven West Media, Coates and SITECH.
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.
Contacts
Palantir
Lisa Gordon
media@palantir.com
WesTrac
Simon Shepherdson
simon@spokecorporate.com
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SOURCE PALANTIR TECHNOLOGIES INC.