BOSTON, Oct. 01, 2024 (GLOBE NEWSWIRE) — Zapata AI (NASDAQ: ZPTA), a leader in AI solutions for large enterprises and the defense sector, today announced the first commercial agreement of its partnership with MAG Aerospace (“MAG”). MAG is the leading independent defense contractor providing full-spectrum outsourced ISR (intelligence, surveillance, reconnaissance) services for manned and unmanned systems, and a full spectrum of multi-domain deep sensing capabilities, including cyber, electronic warfare, and tactical communications in theaters around the world. In the initial phase of the partnership, Zapata will build foundational elements of MAG’s next-generation integrated surveillance platform.
The Zapata and MAG teams will work to enable next-generation ISR relying upon advanced sensor fusion technology, bringing together airborne and ground-based sources, and a wide variety of signal and sensor types – such as radar, camera, SIGINT, LiDAR, and thermal imaging – powered by real-time data processing, correlation, image classification, and decisioning at the edge to automate target acquisition, identification, and tracking. The teams will also build reconfigurable software packages based on specific mission objectives, along with dynamic communications to optimize how information is collected, fused, and shared across contested networks. This integration represents a significant step forward in ISR capabilities, with significantly improved performance in enabling tactical decision superiority across any number of challenging operational environments.
“As the battle space becomes more digitized, Zapata’s ability to rapidly build and deliver AI solutions that deliver real-time situational awareness and decision support, including on the edge and in contested environments, is the unique value we deliver as a mission partner,” said Christopher Savoie, Zapata AI Co-founder & CEO. “The partnership with MAG showcases how Zapata’s innovative approach to AI can solve complex, real-world challenges, and we’ll help push the boundaries of what’s possible for the next generation of airborne ISR, while helping MAG better serve its customers in achieving their mission objectives.”
Zapata AI will leverage its Orquestra® Enterprise Solution to drive rapid algorithm development and integration in MAG’s systems. Zapata’s technological expertise lies in the ability to ingest large and varied time series data streams, sensors, and other signals, including in low connectivity environments, make sense of the data, and deliver back to the user real-time insights, anomaly detection, and accurate predictions for what will happen next. These capabilities lie at the heart of ISR and the decision cycles necessary in tactical environments.
“MAG’s mission is to make the world smaller and safer. We serve our customers anywhere in the world under extreme and austere operating conditions. As the decisions in our operating theaters becomes faster paced, we must look to partner with non-traditional AI and software providers who can rapidly deliver innovations to help us deliver solutions to maintain our customers’ tactical decision superiority. We are excited to partner with a company like Zapata AI to help drive this transformative effort,” said Donald Robinson PhD, MAG Chief Strategy Officer.
“One of MAG’s greatest strengths is our ability to rapidly move innovations from a concept to fully operational in weeks or months, not years. Zapata has a proven ability to deploy AI applications for fast moving vehicles with complex telemetry and streaming data, while providing real-time decision support in high stakes environments such as INDYCAR racing. Merging Zapata’s experience with Andretti Racing and MAG’s ability to quickly and efficiently innovate, this partnership aims to create algorithmic mission packages that work with the complex platforms MAG integrates and operates for its customers.”
The MAG partnership adds to Zapata AI’s experience in the United States Department of Defense sector. As the only company participating across all tracks of the Defense Advanced Research Projects Agency (DARPA) Quantum Benchmarking program, and the company’s development partnership with USSOCOM, along with several late stage agreements and partnerships, Zapata AI is leading groundbreaking efforts in applying its quantum-enabled algorithms, sensor intelligence and anomaly detection technology, proprietary AI capabilities, and proven delivery methodology to produce results in environments where “intelligence anywhere”, speed, and accuracy are mission critical.
About Zapata AI
Zapata AI (NASDAQ: ZPTA) is a leader in enterprise AI solutions, helping solve the Fortune 500’s toughest mission critical challenges through specialized, computational models powered by quantum-enabled algorithms which excel in handling complex, time series, and numerical data.
Founded out of Harvard University computer science and quantum labs, Zapata AI helps large enterprises and the defense sector unlock the promise of AI with industrial-grade solutions powered by Orquestra®, the company’s proprietary software development platform that accelerates the Model Development Lifecycle (MDLC). Zapata AI’s innovative approach delivers real-time, actionable insights across industries such as manufacturing, finance, energy, and defense, enabling immediate, accurate decision-making in high-stakes environments. With one of the largest patent libraries for enterprise AI and quantum computing, Zapata AI delivers practical, efficient AI solutions while ensuring data governance and security. For more information, visit http://www.zapata.ai
About MAG Aerospace
MAG is the leading independent provider of manned/unmanned full-spectrum outsourced intelligence, surveillance, and reconnaissance (ISR) services, with 1,000+ employees operating 200+ platforms over 100,000 flight hours annually on 6 continents. MAG offers turnkey C5ISR services (ISR operations, ISR training, tactical communications, specialized logistics and technology services) through a technology agnostic approach to government, international, and commercial customers globally. MAG has secured diverse contracts with highly sought after customers across multiple end markets. MAG is headquartered in Fairfax, Virginia. MAG is part of the New Mountain Capital portfolio, leading technology-focused private equity firm.
Contacts:
For Zapata AI
Media: press@zapata.ai
Investors: investors@zapata.ai
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, that are subject to risks and uncertainties and are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally are accompanied by words such as “aim,” “believe,” “may,” “will,” “intend,” “evolve,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “progress,” “seem,” “seek,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding anticipated interest by telecommunication companies in our offerings and the ability of our technology to transform the telecommunications industry. These statements are based on the current expectations of Zapata AI’s management and are not predictions of actual performance. The inclusion of forward-looking statements should not be regarded as a representation that such plans, estimates and expectations will be achieved. Readers are cautioned not to place undue reliance on the forward-looking statements contained herein, which speak only as of the date hereof. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law. Risks and uncertainties that could cause our actual results to materially differ from those described in the forward-looking statements include, but are not limited to, (i) failure to realize the benefits expected from the business combination; (ii) our ability to successfully market and deploy our Generative AI solutions to telecommunications companies (iii) a decline in the price of our securities if we fail to meet the expectations of investors or securities analysts; (iv) our ability to attract new customers, retain existing customers, and grow; competition in the generative AI industry; (v) our ability to raise additional capital on non-dilutive terms or at all; (vi) our ability to improve our operational, financial and management controls; (vii) failure to maintain and enhance awareness of our brand; (viii) increased costs associated with operating as a public company; (ix) protection of proprietary rights; intellectual property infringement, data protection and other losses; and (x) other risks and uncertainties described in our filings with the Securities and Exchange Commission.
