SAN FRANCISCO, June 29, 2017 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD), the global leader in logistics real
estate, today announced a strategic partnership with Plug and Play, a global startup ecosystem and venture fund specializing in
the development of early-to-growth stage technology startups in the Supply Chain and Logistics vertical.
Prologis will provide mentorship and space in its logistics real estate properties to a select group of startups in the Plug
and Play accelerator program to pilot new technologies. Prologis joins DHL, Maersk, Panasonic, Hitachi, Mann+Hummel, CMA CGA, Daimler, Deutsche Bahn, Swiss Post, BASF, Union Pacific Railroad and Ericsson as partners with Plug
and Play.
"Prologis will collaborate with startups and industry leaders—many of which are Prologis customers—to develop the next
generation of supply chain technology," said William O'Donnell, Senior Vice President, Prologis.
"With our continued focus on streamlining operations to better serve our customers, we're making strides in driving the future of
logistics facilities. This is reflective in our leading-edge building features such as solar and lighting installations, and new
building designs such as multistory facilities. We look forward to exploring and integrating a range of new capabilities,
including advanced analytics, IoT and other innovations within the supply chain."
"Plug and Play launched this new initiative to find new technologies for the supply chain. This is one of the greatest
opportunities for corporations to innovate and transform the future of the industry," said Saeed
Amidi, Founder and CEO of Plug and Play. "We're excited to have Prologis join the program and to further support their
innovation strategy."
About Prologis
Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of
March 31, 2017, the company owned or had investments in, on a wholly owned basis or through
co-investment ventures, properties and development projects expected to total approximately 678 million square feet (63 million
square meters) in 19 countries. Prologis leases modern distribution facilities to a diverse base of approximately 5,200 customers
across two major categories: business-to-business and retail/online fulfillment.
About Plug and Play Tech Center
Plug and Play is a global innovation platform. We connect startups to corporations and invest in over 150 companies
every year. Since inception in 2006, our programs have expanded worldwide to include a presence in 22 locations globally
giving startups the necessary resources to succeed in Silicon Valley and beyond. With over 6,000 startups and 180 official
corporate partners, we have created the ultimate startup ecosystem in many industries. We provide active investments with 200
leading Silicon Valley VCs, and host more than 365 networking events per year. Companies in our community have raised over
$6 billion in funding, with successful portfolio exits including Danger, Dropbox, Lending Club,
PayPal, SoundHound, and Zoosk. For more information, visit www.plugandplaytechcenter.com/supply-chain
Forward-Looking Statements
The statements in this document that are not historical facts are 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
forward-looking statements are based on current expectations, estimates and projections about the industry and markets in which
we operate as well as management's beliefs and assumptions. Such statements involve uncertainties that could significantly impact
our financial results. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," including
variations of such words and similar expressions are intended to identify such forward-looking statements, which generally are
not historical in nature. All statements that address operating performance, events or developments that we expect or
anticipate will occur in the future — including statements relating to rent and occupancy growth, development activity,
contribution and disposition activity, general conditions in the geographic areas where we operate, our debt, capital structure
and financial position, our ability to form new co-investment ventures and the availability of capital in existing or new
co-investment ventures — are forward-looking statements. These statements are not guarantees of future performance and involve
certain risks, uncertainties and assumptions that are difficult to predict. Although we believe the expectations reflected in any
forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be attained
and therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking
statements. Some of the factors that may affect outcomes and results include, but are not limited to: (i) national,
international, regional and local economic and political climates, (ii) changes in financial markets, interest rates and foreign
currency exchange rates, (iii) increased or unanticipated competition for our properties, (iv) risks associated with
acquisitions, dispositions and development of properties, (v) maintenance of real estate investment trust status, tax structuring
and changes in income tax rates (vi) availability of financing and capital, the levels of debt that we maintain and our credit
ratings, (vii) risks related to our investments in our co-investment ventures, including our ability to establish new
co-investment ventures, (viii) risks of doing business internationally, including currency risks, (ix) environmental
uncertainties, including risks of natural disasters, and (x) those additional factors discussed in reports filed with the
Securities and Exchange Commission by us under the heading "Risk Factors." We undertake no duty to update any forward-looking
statements appearing in this document, except as may be required by law.
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SOURCE Prologis, Inc.