DENVER and TORONTO, July 12, 2023 /PRNewswire/ -- Palantir Technologies Inc. (NYSE: PLTR), and AirMatrix, a trailblazer in airspace infrastructure technology, today announced a strategic partnership to accelerate and scale its drone operations by leveraging Palantir Foundry through theFoundry for Builders Program. The partnership will provide AirMatrix's clients with airspace security, including threat detection, compliance enablement, and risk mitigation through cutting-edge situational awareness available in the market globally.
With Foundry,AirMatrix's customers, which range from large city managers, airspace regulators, enterprises, drone pilots, airports, and defense organizations, will benefit from the partnership through bridging data integration and airspace security. The Foundry Ontology allows the extraction of valuable insights from complex data landscapes which AirMatrix proprietarily derives, including those relevant to autopilots in complex environments from updated urban data sets, micro-weather, millimeter-precise aerial coordinates, accurate maps, aerial uplink and downlink speeds, electromagnetic interference, ground-based radar, radio-frequency interference, telecommunications data, and more. This stitching ultimately provides a comprehensive, real-time view of the client's airspace, enabling seamless, secure, and efficient operation of drones and other low-altitude vehicles between 0-1200 feet above ground level.
"We live in a world where drones are inevitable, our success as an organization is bound to a world where they are used for good, as much as artificial intelligence and humans can possibly help it, together," saidBashir Khan, CEO of AirMatrix.
AirMatrix joins a host of other Canadian businesses who work with Palantir from energy to financial services and manufacturing. Leveraging the Foundry for Builders Program, AirMatrix has begun enhancing both of its commercial drone software products, Libra, as well as Palladium. Libra is an advanced airspace management platform which gives civil authorities the ability to scale and manage drone traffic effectively, while generating revenue as commercial drones take to the sky. Palladium is a software product which empowers drone operators to scale operations, fly drones legally, plan and execute missions, as well as manage 3D-optimized routes to the millimeter level.
"Palantir's commitment to solving the world's most complex problems is key to the partnership, as drone technology is increasingly being employed not only for beneficial outcomes in commercial applications but also for nefarious or illicit purposes," said David MacNaughton, Director & Head of Palantir Technologies Canada. "At Palantir Canada, we are excited to help AirMatrix accelerate and scale its business, leveraging local engineering expertise to help secure our airspace."
Backed by years of product development and hardened by major organizations around the world,Palantir Foundry is a full end-to-end platform that connects data and analytics with real world outcomes. Today, startups are leveraging Foundry as their core platform for combining disparate data, harmonizing it, and building applications faster and more sustainably than before.
AboutPalantir Technologies Inc.
Foundational software of tomorrow. Delivered today. Additional information is available athttps://www.palantir.com.
AirMatrix exists to simplify the current and future challenges our airspace faces as more drones are entering to fly in our skies. End users of the airspace are tired of dealing with the complications of the layers of information they need to process in order to operate simply. We believe we can solve many of these problems through building value add solutions for all the end users of the airspace.
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 original content to download multimedia:https://www.prnewswire.com/news-releases/palantir-and-toronto-based-startup-airmatrix-announce-partnership-301874888.html
SOURCE PALANTIR TECHNOLOGIES INC.