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Falkonry Establishes Global Partner Program to Meet Growing Demand for its “Ready-to-Use” Machine Learning System

September 26, 2018

SUNNYVALE, Calif.--(BUSINESS WIRE)--Sep 26, 2018--Falkonry, Inc., a leading provider of operational machine learning for Global 2000 industrial companies, today announced the launch of a global partner program to meet the needs of the growing number of companies and organizations interested in selling or implementing the Falkonry LRS machine learning and predictive analytics system. As part of this program, SCSK Corporation and KOLON BENIT have begun selling Falkonry LRS in Japan and South Korea respectively, and Falkonry is engaged with other OEMs, system integrators, distributors, resellers and referral partners around the globe who are expected to quickly follow.

Over the last year, Falkonry has seen increased demand for its “ready-to-use” operational machine learning and predictive analytics system because it significantly helps improve the throughput, quality and safety in industrial operations. Using Falkonry LRS, customers have been able to improve performance by 10% to 20%, saving several millions of dollars annually. Because of these benefits, analyst firms like AGC Partners project the adoption of such analytics in the manufacturing sector to grow from 15% in 2017 to over 50% by 2020. Highlighting its growing market momentum, Falkonry has been recognized as a Gartner Cool Vendor, an IDC Innovator, and one of Network World’s Hottest AI-powered Startups.

“There is tremendous demand for ready-to-use machine learning because of how quickly customers are reaching operational results,” said Dr. Nikunj Mehta, CEO of Falkonry. “The partner program will scale our ability to meet these needs by expanding access to customers around the globe, while enabling channel partners to participate in this exciting market opportunity.”

Strong Demand in Japan and Korea

The market for operational machine learning is mature in Japan and Korea, driven by Falkonry’s early success with customers in automotive and industrial equipment manufacturing. To expand access to customers in these regions, Falkonry has formed two new channel partnerships that bring established local presence, business relationships and customer support in their respective markets.

In Japan, SCSK Corporation, a subsidiary of Sumitomo Corporation, has entered into a distributor agreement with Falkonry. SCSK is including Falkonry LRS as a significant piece of its Industrial IoT solutions, and believes this advanced and easy-to-use offering will enable its customers to realize increased productivity and quality. In Korea, KOLON BENIT, a subsidiary of Kolon Corporation, has entered into a distributor agreement with Falkonry. KOLON BENIT’s Smart Factory offerings enable advanced process diagnosis and automation, and the inclusion of Falkonry LRS will add industry leading predictive analytics for its customers.

About the Falkonry Partner Program

The Falkonry Partner Program provides a route to revenue for companies wishing to participate in the rapidly growing predictive analytics market. As part of the program, partners will gain access to the proven and reliable Falkonry LRS product for resale or to embed in the solutions they sell to their customers. The Falkonry Partner Program includes the following categories:

Solution Development partners who want to address the needs of their digital transformation customers and increase the value of their products and solutions embedding Falkonry LRS. System Integrators that include Falkonry LRS in the solutions and services they implement for their clients to meet the need for predictive analytics. Distributors and Resellers that sell and support Falkonry LRS in a designated territory with responsibility for support. Referral partners that generate qualified leads for Falkonry.

Additional Comments:

“The Falkonry LRS system is the leading technology on the market based on its proven success in customer sites, the Global 2000 customers already using it and how fast and easy it is to implement and begin reaping its rewards,” said Shinjo Takashi, Managing Executive Officer and General Manager of IT Platform Solutions Group at SCSK Corporation. “Given that Japanese companies have a history of operationalizing innovative new technologies, we believe Falkonry’s product will be rapidly embraced across many industries in this region.”

“The ability of Falkonry LRS to leverage existing time series data that most companies already have represents a tremendous opportunity for both Korean companies and Falkonry,” said Jong-Chan Lee, Managing Executive Officer and General Manager of IT Service Division at KOLON BENIT. “Unlike other solutions that require the assistance of data scientists, the Falkonry system is simple to install and starts delivering results in only three weeks. We look forward to providing these benefits to the many customers we serve.”

To learn more, and apply for the Falkonry Partner Program, please visit http://falkonry.com/partners/.

About SCSK Corporation:

SCSK provides a full lineup of services to support any area of IT solution required for businesses from system integration to IT infrastructure implementation, IT management, BPO (business process outsourcing), and IT hardware and software sales. In addition, we take advantage of the capability to support a global IT system network for customers including Sumitomo Corporation, aiming for further leaps ahead as a global IT services company. http://www.scs k.jp/

About KOLON BENIT:

KOLON BENIT Co., Ltd. is a subsidiary of Kolon Corporation. Kolon Benit boasts rich experiences in the fields of Cloud, Big Data, Smart Factory and Home IoT in the various industrial domains of manufacture, finance, fashion and E&C. A leading distributor of many global IT solutions, Kolon Benit is specialized in IT solutions and boasts solid partnership with clients. Kolon Benit serves many Kolon companies, as well as public entities and various service providers of education, corporate disclosure, market surveillance and financial information and technology services. The company was founded in 1990 and is headquartered in Gwacheon, South Korea. https://www.kolonbenit.com/eng/main/index.do

About Falkonry

Falkonry is the leading provider of operational machine learning for Global 2000 companies who are looking to achieve significant improvements in the throughput, quality and yield of their industrial operations. Falkonry’s ready-to-use machine learning system, Falkonry LRS, enables operations teams to discover patterns hidden in their existing operations data, apply predictive analytics and receive actionable insights, all without requiring data scientists. Falkonry LRS can be used directly by industrial practitioners, like a “data scientist-in-a-box”, and can be deployed both on-premises or in the cloud. For more information about Falkonry and its products, please visit www.falkonry.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180926005101/en/

CONTACT: Powelson Communications, Inc. for Falkonry

Erika Powelson, 408-781-4981

pr@falkonry.com

KEYWORD: UNITED STATES ASIA PACIFIC NORTH AMERICA CALIFORNIA SOUTH KOREA JAPAN

INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT NETWORKS SOFTWARE MANUFACTURING AUTOMOTIVE MANUFACTURING OTHER MANUFACTURING

SOURCE: Falkonry, Inc.

Copyright Business Wire 2018.

PUB: 09/26/2018 09:00 AM/DISC: 09/26/2018 09:00 AM

http://www.businesswire.com/news/home/20180926005101/en

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