DENVER--(BUSINESS WIRE)--Palantir Technologies Inc. (NYSE: PLTR) today announced that it has been designated as an “Awardable” vendor for the Chief Digital and Artificial Intelligence Office’s (CDAO) Tradewinds Solutions Marketplace. Two of the company’s product offerings, including Palantir’s AI Mission Command Capability and its Predictive Maintenance & Precision Sustainment Suite, have been added to the Marketplace and are available to support critical missions across the Department of Defense (DoD).
The Tradewinds Solutions Marketplace is a digital repository of post-competition, readily awardable capabilities that address the DoD’s most significant challenges in the Artificial Intelligence/Machine Learning (AI/ML), data, and analytics space. The Tradewinds initiative is designed to accelerate the procurement and adoption of emerging technologies. All awardable solutions have been assessed through complex scoring rubrics and competitive procedures and are available to government customers with a Marketplace account.
"The growing participation of established firms such as Palantir and others in the Tradewinds Solutions Marketplace demonstrates the value of the Marketplace outside of just providing a contracting pathway for firms without one. Such participation demonstrates the Marketplace's value as the point of convergence for buyers and sellers in identifying cutting edge digital, data, and AI/ML solutions for the Department of Defense," said Mr. Ben McMartin, CDAO’s Tradewinds Solutions Marketplace Manager and Industry liaison at the Applied Research Institute (ARI).
Palantir’s AI Mission Command Capability and its Predictive Maintenance & Precision Sustainment Suite are now accessible by government customers on the Tradewinds Solutions Marketplace. Both of these capabilities support critical needs across the DoD and aim to rapidly advance how the Department can operationalize the use of AI across key initiatives, such as JADC2 and Contested Logistics. These products are immediately available for interested offices across the DoD to contract through the Tradewinds Marketplace.
"Achieving an 'awardable' status for our technologies within the Tradewinds Marketplace is an exciting moment for our company and our partners across DoD," said Akash Jain, President of Palantir USG. "Our inclusion in the Tradewinds Marketplace will enable Palantir to deliver innovative, AI-enabled mission command and logistics capabilities to service members at a pace that exceeds most traditional procurement pathways. This unique Marketplace for commercial technology adoption would not be possible without the agile acquisition authorities made available by Congress, as well as the Department’s leadership in embracing modern procurement solutions to ensure the U.S. maintains its edge over global competitors."
Palantir’s dual use solutions are designed to support a wide range of customers in leveraging data and AI against their most critical operations. Palantir’s capabilities, including its AI Platform (AIP) that underpins the solutions available through the Tradewinds Solutions Marketplace, are in use across both U.S. Government agencies and Fortune 500 companies.
Palantir was recognized among a competitive field of applicants to the Tradewinds Solutions Marketplace whose solutions demonstrated innovation, scalability, and potential impact on DoD missions. Government customers interested in viewing the solution can create a Tradewinds Solutions Marketplace account at tradewindAI.com.
About Tradewinds Solutions Marketplace
The Tradewinds Solutions Marketplace is a digital repository of post-competition, readily awardable pitch videos that address the Department of Defense’s (DoD) most significant challenges in the Artificial Intelligence/Machine Learning (AI/ML), data, and analytics space. All awardable solutions have been assessed through complex scoring rubrics and competitive procedures and are available to Government customers with Marketplace account. Government customers can create an account at www.tradewindai.com. Tradewinds is housed in the DoD’s Chief Digital and Artificial Intelligence Office.
About Palantir Technologies Inc.
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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.
