- Palantir Technologies Inc. (NYSE:PLTR) stock is rallying thanks to its unique proposition among a strong business segment
- In the past month, PLTR shares have risen 65.8 per cent and are up 100 per cent since this time last year
- The stock has risen on solid news from the company, such as the recent announcement that it signed a multi-year partnership with Panasonic Group Co., a global business involved with high-quality lithium-ion batteries
- Palantir Technologies Stocks (NYSE:PLTR) opened trading at US$16.18 per share
Palantir Technologies Inc. (NYSE:PLTR) stock is rallying thanks to its unique proposition among a strong business segment.
In the past month, PLTR shares have risen 65.8 per cent and are up 100 per cent since this time last year.
The stock has risen on solid news from the company, such as the recent announcement that it signed a multi-year partnership with Panasonic Group Co., a global business involved with high-quality lithium-ion batteries.
Palantir will deliver an operations “Smart Factory” for the Panasonic Energy of North America (PENA) facility in Sparks, Nevada.
Palantir’s Foundry was selected by Panasonic to help integrate edge sensors across factory lines, introduce automated efficiencies and enable operational users on factory floors to leverage connected operations.
This agreement intends to expand Palantir’s platform including artificial intelligence and edge capabilities in the manufacturing space.
PENA’s Chief Information Officer, Justin Herman, said his team engaged Palantir to assist on its journey towards a connected factory by addressing the challenges of disparate data systems and manual work-arounds leading to inaccurate data analysis.
“Within Foundry, we were able to operationalize our data and, within months, reduce waste throughout our manufacturing process. Over multiple use-cases across functional groups, Foundry is assisting in driving operational excellence for PENA, empowering our people through accurate data-driven decision making and delivering significant ROI per year,” Herman said.
Palantir Technologies Inc. provides organizations with solutions to manage large disparate data sets to gain insight and drive operational outcomes. The company recently launched Palantir Foundry for Manufacturing on Amazon Web Services (AWS). This allows users to merge industrial data, decisions, and operations to fully harness manufacturing data through its entire lifecycle. Click here to read more.
Palantir Technologies Inc. (PLTR) opened trading at US$16.18 per share.
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