SEATTLE & PALM BEACH GARDENS, Fla.Today, Amazon Web Services, Inc. (AWS), an Amazon.com company (NASDAQ: AMZN), and Carrier Global Corporation (NYSE: CARR), a leading global provider of healthy, safe, and sustainable building and cold chain solutions, announced a multi-year agreement to co-develop Carriers new Lynxdigital platform. This suite of tools will provide Carrier customers around the world with enhanced visibility, increased connectivity, and actionable intelligence across their cold chain operations to improve outcomes for temperature-sensitive cargo, including food, medicine, and vaccines. The collaboration builds onCarriers selection of AWS as its preferred cloud services providerin February 2020.
The Lynx platform will combine AWSs IoT, analytics, and machine learning services with Carriers refrigeration and monitoring solutions, extending Carriers current digital offerings for managing the temperature-controlled transport and storage of perishables. Customers using the Lynx platform will benefit from end-to-end tracking, real-time alerts, automated processes, and predictive analytics to help them deliver temperature-controlled cargo more efficiently, in turn decreasing the cost of cold chain operations by optimizing resource utilization and reducing cargo loss and spoilage.
Leveraging AWS IoT services to collect, integrate, organize, and analyze data from Carriers large installed base of refrigeration equipment and monitoring solutions, along with sources such as traffic and weather reports, the Lynx platform will provide a comprehensive view of cargo location, temperature conditions, and external events that could impact cold chain operations. This information will feed into a data lake built on Amazon Simple Storage Service (Amazon S3) where Carrier can use AWS machine learning services to identify potential issues that could impact cargo, as well as run sophisticated analytics to develop recommendations for improving outcomes. For example, by analyzing historic and real-time performance data from Carriers cloud-connected equipment, the Lynx platform could suggest proactive maintenance to maximize a specific piece of equipments availability. Looking ahead, Carrier and AWS plan to introduce a capability for the Lynx platform to provide recommendations related to cargo routing and improved fleet utilization, adding greater resilience into the cold chain that will help Carriers customers to manage costs, schedules, and resources.
Carrier is committed to delivering a healthier, safer, and more sustainable cold chain. Through this collaboration with AWS, we are developing a uniquely powerful ecosystem to give our customers greater flexibility, visibility, and intelligence across the cold chain, said David Appel, President, Carrier Refrigeration. The Lynx platform will help our customers make faster, data-driven decisions to improve the effectiveness, efficiency, and sustainability of their supply chains. This digital solution will enhance connectivity across the cold chain, decreasing delays for cargo that is critical to global health and well-being, while reducing cargo damage, loss, and unanticipated costs.
Carrier and AWS are tackling the complexity and fragmentation of the cold chain to give supply chain customers the transparency, flexibility, and insights they require to reduce risk and deliver food, medicine, and vaccines when and where theyre needed, said Sarah Cooper, General Manager, IoT Solutions at Amazon Web Services, Inc. This project, which combines Carriers cold chain expertise with AWSs digital experience and unparalleled portfolio of services, highlights how entire industries stand to benefit from digital transformation through increased efficiency, reduced costs, and greater dependability.
VisitCarrier.com/Lynxto learn more.
About Amazon Web Services
For 14 years, Amazon Web Services has been the worlds most comprehensive and broadly adopted cloud platform. AWS offers over 175 fully featured services for compute, storage, databases, networking, analytics, robotics, machine learning and artificial intelligence (AI), Internet of Things (IoT), mobile, security, hybrid, virtual and augmented reality (VR and AR), media, and application development, deployment, and management from 77 Availability Zones (AZs) within 24 geographic regions, with announced plans for nine more Availability Zones and three more AWS Regions in Indonesia, Japan, and Spain. Millions of customersincluding the fastest-growing startups, largest enterprises, and leading government agenciestrust AWS to power their infrastructure, become more agile, and lower costs. To learn more about AWS, visitaws.amazon.com.
About Amazon
Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Fire tablets, Fire TV, Amazon Echo, and Alexa are some of the products and services pioneered by Amazon. For more information, visitwww.amazon.com/aboutand follow@AmazonNews.
About Carrier
As the leading global provider of healthy, safe and sustainable building and cold chain solutions, Carrier Global Corporation is committed to making the world safer, sustainable and more comfortable for generations to come. From the beginning, weve led in inventing new technologies and entirely new industries. Today, we continue to lead because we have a world-class, diverse workforce that puts the customer at the center of everything we do. For more information, visitwww.Corporate.Carrier.comor follow us on social media at@Carrier.
This press release contains forward-looking statements concerning future business opportunities. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to challenges in the design, development, production, support, performance and realization of the anticipated benefits of advanced technologies; as well as other risks and uncertainties, including but not limited to those detailed from time to time in Carrier Global Corporations Securities and Exchange Commission filings.
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