Eaton is deepening its partnership with Palantir to increase the use of artificial intelligence in operations

• Palantir AIP now Market applications will create more value faster for Eaton’s global operations
• The partnership builds on the previous success of Eaton and Palantir working together to develop a material shortage solution for Eaton’s supply chain team

DUBLIN AND DENVER–(BUSINESS WIRE)–$PLTR–Eaton, an intelligent energy management company, and Palantir Technologies Inc., a leading developer of artificial intelligence systems for modern enterprises, today announced the expansion of their partnership to bring Palantir’s artificial intelligence platform (AIP) to Eaton’s operations.

Strengthened cooperation will offer a unique data management solution that will accelerate and modernize enterprise resource planning (ERP) implementations with mapping, cleansing and data migration automation based on artificial intelligence. Palantir will support Eaton’s AI innovation process, providing a systematic way to turn ideas into reality. The AIP Now Marketplace suite of applications will accelerate value creation across Eaton’s global operations.

“While many people talk about the promise of generative AI, Eaton and Palantir are building something real at the heart of our business,” said Ross Schalmo, Eaton’s chief data officer. “We see these AI-powered applications as strategic differentiators that will significantly increase productivity and, more importantly, improve our ability to deliver value to our customers.”

Previously, Eaton and Palantir collaborated to develop and deliver an AI-powered solution workflow for Eaton’s supply chain team. The solution proactively identified and eliminated material shortages, preventing downtime and unblocking the assembly of finished products.

Palantir enables and optimizes decision-making in some of the world’s most complex organizations by connecting isolated and disconnected data sources, logical resources and operational systems into one common operating picture. Introduced in 2023, AIP brings the power of large-language models (LLM) and other cutting-edge AI solutions to enterprise networks, private data and core operations – with maximum security and trust.

“Eaton’s scope and reach, with operations in approximately 160 countries, along with its leadership in the energy transition, make it an ideal partner for Palantir,” said Danny Lutkus, chief industrial officer at Palantir. “By leveraging our software, we are excited to increase the use of AI in Eaton’s operations and increase Eaton’s impact in supporting clean energy and the AI ​​revolution.”

ABOUT PALANTIR

Palantir creates category-leading software that enables organizations to create and manage artificial intelligence across public and private networks. Since 2003, we have been helping the world’s most important organizations solve their most difficult problems. The essential software of tomorrow. Delivered today.

About EATON

Eaton is an intelligent energy management company committed to protecting the environment and improving the lives of people around the world. We make products for Data center, public, industrial, commercial, mechanical engineering, residential, aerospace and mobile. We are guided by our commitment to doing business right, operating sustainably and helping our customers manage their energy – today and in the future. By leveraging global growth trends in electrification and digitalization, we are accelerating the planet’s transition to renewable energy sources, helping to solve the world’s most pressing energy management challenges and build a more sustainable society for today’s people and future generations.

Eaton was founded in 1911 and has been listed on the New York Stock Exchange for over a century. We had revenue of $23.2 billion in 2023 and serve customers in over 160 countries. More information can be found at Eaton.com. Follow us on LinkedIn.

Forward-looking statements

This press release contains forward-looking statements within the meaning of Art. 27A of the Securities Act of 1933, as amended, and Art. 21E of the Securities Exchange Act of 1934, as amended. These statements may include, among other things, Palantir’s expectations regarding the amount and terms of the contract and the expected benefits from our software platforms. Forward-looking statements inherently involve risks and uncertainties, some of which cannot be predicted or quantified. Forward-looking statements are based on information available at the time they are made and current expectations, as well as management’s then-current beliefs and assumptions with respect to future events. These statements are subject to risks and uncertainties, many of which involve factors or circumstances beyond our control. These risks and uncertainties include our ability to meet the unique needs of our customers; failure of our platforms to satisfy customers or perform as expected; the frequency or severity of any software and implementation errors; the reliability of our platforms; and the possibility of modification or termination of the contract by our client. Additional information regarding these and other risks and uncertainties is included in documents we file from time to time with the Securities and Exchange Commission. Except as required by law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise.

Communication

Eat

Ashley O’Connell

216-990-5682

[email protected]

Palantir

Rita Devlin Marier

[email protected]