Enhanced Investments - Financial Portal

Palantir Expands Presence in Industry Entering Multi-Year Partnership with Azule Energy

Published: 2023-08-09 10:59:00 ET

Angola's leading independent oil and gas producer will use Palantir Foundry across operations

DENVER, Aug. 9, 2023 /PRNewswire/ -- Palantir Technologies Inc. (NYSE: PLTR), and Azule Energy, a leading Angolan energy provider, have entered a multi-year partnership to deploy cutting edge software to optimize Azule Energy's upstream production. Palantir Foundry will help Azule Energy manage their current 200,000 barrels of daily oil production and support their growth goal of 250,000 barrels per day.

Palantir and Azule Energy will partner to deploy cutting edge software to optimize Azule Energy's upstream production

Azule Energy, a 50/50 independent joint venture owned by bp and Eni, has selected Palantir Foundry to digitize operations of their assets safely and efficiently. Foundry will be deployed in Azule Energy's upstream oil production business to support petroleum engineers, process engineers, flow assurance engineers, and more. Foundry will also assist in development of Azule Energy's upstream ontology, connecting their data, including real time sensor data, from wells, pipelines, compressors, and other equipment allowing safe and productive workflows.

"We are excited to work with Azule Energy and expand our presence in an industry we've worked and operated in for more than a decade," said Matt Babin, Global Head of Energy at Palantir. "Palantir Foundry will serve as the digital foundation for Azule Energy's upstream production business, helping them manage and grow their production safely and optimally."

Palantir has worked in the energy sector for more than a decade, helping customers from small operators to Fortune 500 companies meet challenges and capture opportunities throughout the value chain. Palantir's customers have harnessed the power of Foundry to deliver both immediate results and compounding value across a wide range of use cases, with seamless interoperability between massive datasets and mission-critical models.

About Palantir Technologies Inc.Foundational software of tomorrow. Delivered today. Additional information is available at https://www.palantir.com/offerings/energy/.

Forward-Looking StatementsThis 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 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; and the reliability of our platforms or related third-party services and platforms. 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.

Media ContactLisa Gordonmedia@palantir.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/palantir-expands-presence-in-industry-entering-multi-year-partnership-with-azule-energy-301896492.html

SOURCE PALANTIR TECHNOLOGIES INC.

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

Important disclosures

Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities.
Past performance is no guarantee of future results. Any historical returns, expected returns [or probability projections] are hypothetical in nature and may not reflect actual future performance.
All the strategies assume investments in equity invstrumenta only and are more relevant for "agressive investment profile". Eastern European flagship strategy assumes using up to 20% leverage of total portfolio. GlobalCommodities and US Growth strategy currently assume no leverage.
Results for the Enhanced Investments strategies as compared to the performance of Illustrative Benchmarks is for informational purposes only. Our investment program does not mirror that of the Illustrative Benchmarks and the volatility may be materially different from the volatility of Illustrative Benchmarks. Reference or comparison to an Illustrative Benchmark does not imply that strategies of Enhanced Investments will be constructed in the same way as the Illustrative Benchmark or achieve returns, volatility, or other results similar to those of the Illustrative Benchmark. The S&P 500 is an unmanaged market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance.
Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.