Palantir, Bapco Energies Enter Strategic Partnership to Support Bahrain’s Energy Production
08 Février 2024 - 12:59PM
Business Wire
Palantir Technologies Inc. (NYSE: PLTR), a leading provider of
AI systems to the energy sector, and Bapco Upstream, a 100% owned
subsidiary of Bapco Energies, today announced a strategic,
multi-year partnership to deploy Palantir’s software to support and
help accelerate Bapco Upstream’s ability to power the next
generation of energy in the Kingdom of Bahrain.
Palantir’s Foundry Platform and Artificial Intelligence Platform
(AIP) will be deployed in a three-year agreement to help Bapco
Upstream maximize its return on investment on energy production in
the country and support its mission to connect the energy
infrastructure of the Kingdom of Bahrain in an unprecedented way.
Using data and artificial intelligence is a key part of the Kingdom
of Bahrain's strategy to deliver on its commitment to reducing
carbon emissions, as pledged at COP26 by His Royal Highness Prince
Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister, to
reduce emissions by 30 percent through decarbonization and
efficiency initiatives by 2035, and double the Kingdom’s deployment
of renewables, to achieve Net-Zero by 2060.
"We are honored to be selected by Bapco Energies to bring our
platforms and expertise in the sector to Bahrain, particularly as
they pursue their ambition to provide secure energy and advance on
the energy transition," said Matt Babin, Global Head of Energy at
Palantir.
Palantir has worked in the energy sector for more than a decade,
helping customers from small operators to supermajors and national
oil companies meet challenges and capture opportunities throughout
the value chain, from production to distribution, to supporting the
reduction of carbon emissions. Palantir’s newest platform, AIP,
enables organizations to bring the power of large-language models,
and other cutting-edge AI, to their enterprise networks, private
data, and core operations - with maximum security and trust. The
platform is designed to bring in siloed and disconnected data
sources, logic assets, and systems of action into a single common
operating picture, enabling users to optimize their
decision-making.
“We are thrilled to announce our strategic partnership with
Palantir. This collaboration marks a pivotal moment for Bapco
Upstream as it aligns seamlessly with our commitment to innovation
and business excellence,” said Johann Pleininger, CEO of Bapco
Upstream. “We are poised to unlock new possibilities in our
upstream operations by delivering value and driving efficiency
throughout the organization.”
"Bapco Energies is positioning itself at the forefront of the AI
revolution in energy production,” said Alex Karp, co-founder and
chief executive officer of Palantir Technologies. “We are proud of
this partnership, which will enable Bapco Upstream to boost output,
improve efficiency, and meet Bahrain's energy goals.”
About Palantir Technologies Inc.
Foundational software of tomorrow. Delivered today. Additional
information is available at https://www.palantir.com.
Bapco Energies
Bapco Energies | Powering the next generation
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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240208115611/en/
Palantir Lisa Gordon media@palantir.com
Palantir Technologies (NYSE:PLTR)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024
Palantir Technologies (NYSE:PLTR)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024