CO-PALANTIR

The Ministry of Education and Science, along with Palantir (NYSE:PLTR), a leading provider of AI systems, have signed an agreement. The main goal is to facilitate qualitative transformations in the field of education and ensure the maximum number of children have access to safe in-person learning.

The agreement, initially for 12 months, will support the Government’s official School Offline initiative which aims to provide 300,000 more Ukrainian pupils with safe access to a school. New software tooling will enable:

• Funding allocated for school bomb shelters to be targeted where it will deliver the greatest benefit for children and young people of a school age.
• Every school to receive a risk rating according to a methodology recently adopted in law as a Cabinet of Ministers decree, in order to help identify targeted measures that will improve the safety of a school. The rating will take into account factors such as historic shelling in the area, presence of a bomb shelter, safety of access and missile defense systems.

The 100 percent off-line initiative is a response to the sharp increase in the number of children and young people in Ukraine who are being educated online since Russia’s illegal full-scale invasion. Research estimates that more than 40 percent of children in Ukraine are relying on online or hybrid learning due to the war. It has caused educational losses, thus according to the PISA-2022 international education quality survey, Ukrainian students lag behind the required level by 1.5 to 2.5 years of study.

These new tools are part of a wider suite of software support which will also enable:

• Analysis of educational and financial data, as well as the current model of the education system, to transform Soviet-era educational institutions into modern innovative spaces based on this data;
• Assessment of the security situation in communities to create all necessary conditions for in-person learning for children;
• Analysis of children's academic achievements, their correlation with the security situation, and other factors to make further management decisions regarding the transformation of the Ukrainian education system as a whole and individual educational institutions;
• Provision of innovative technologies, including artificial intelligence, as well as analytical tools and models for making effective management decisions by educational institutions, communities, local self-government bodies, and directly by the Government;
• Modeling a support network for Ukrainian children who are forcibly staying abroad through the integration of a Ukrainian studies component in selected educational institutions that provide quality educational services in a distance learning format.

Dmytro Zavgorodnii, Deputy Minister of Education and Science of Ukraine for digital development, digital transformations and digitalization, said: “Palantir technologies will provide us with innovative tools for creating policies based on a data-driven approach. Thus, it will help us make effective management decisions in the field of educational policies. The Ministry of Education and Science has diligently collaborated with Palantir, harnessing its cutting-edge technologies to devise an innovative approach and formulate a comprehensive methodology for assessing war-related risk levels within different regions of the education system for restoration of access to offline and secure education at schools.”

Louis Mosley, Executive Vice President for UK and Europe at Palantir, said: “Today’s agreement reinforces Palantir’s steadfast support for Ukraine, building on the use of our software to support the military effort, the resettlement of those forced to flee abroad, the investigation into war crimes and critical demining efforts. It will help to reduce the number of young people denied the basic human right of in-person education because of Russian aggression, as well as helping to shape the country’s education policy in the long term.”

About Palantir

Foundational software of tomorrow. Delivered today. Additional information is available at https://www.palantir.com/.

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.

To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240328792625/en/