Palantir and Panasonic Energy of North America sign multi-year agreement

PENA selects Palantir Foundry to operationalize data and introduce automated efficiencies

Palantir Technologies Inc. (NYSE: PLTR) (“Palantir”), a leading builder of operating systems for the modern enterprise, and Panasonic Energy Co., Ltd., a Panasonic Group Company, a global leader in high-quality lithium-ion batteries, today announced a multi-year partnership to deliver an operations “Smart Factory” for the Panasonic Energy of North America (“PENA”) facility in Sparks, Nevada. The company has selected Palantir’s Foundry to help integrate edge sensors across factory lines, introduce automated efficiencies and enable operational users on factory floors to leverage connected operations. The agreement expands Palantir’s signature platform including artificial intelligence and edge capabilities in the manufacturing space.

Driven by Foundry and informed by PENA’s expertise, the “Smart Factory” will be utilized across the entirety of the information technology and operational organization within PENA. Using Foundry, the system will guide operational decision-making in their existing Nevada factory as well as the new facility in De Soto, Kansas starting in 2025. This strategic partnership is intended to provide the battery leader with the ability to quickly generate meaningful cost savings and increase return on investment once implemented.

“We engaged Palantir to assist on our journey towards a connected factory by addressing the challenges of disparate data systems and manual work arounds leading to inaccurate data analysis,” said Justin Herman, Chief Information Officer of PENA. “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. And we are just getting started.”

PENA previously relied on a combination of automated and manual processes, inspecting thousands of datapoints, and using ticketing systems to offer guidance on next steps. Now, with Foundry, PENA will be able to use AI/ML capabilities to increase uptime and decrease defects. Most of the manual processes of the past have been completely replaced by automated software with access to billions of data points across the entirety of the company.

“PENA is a leader in their field, and Foundry is the leading software to drive operational excellence for PENA,” said Palantir CTO Shyam Sankar. “Foundry now serves as the foundation of PENA’s Smart Factory initiative, and we are already seeing meaningful impact on reducing material scrap and increasing line uptime, thereby improving the quality and volume of production outputs.”