Luxembourg, 15 February 2018 - To explore innovative ideas in new technologies for its steelmaking and mining activities, ArcelorMittal today announces that it has partnered with Silicon Valley-based Plug and Play, the world’s largest Innovation EcoSystem which helps connect technology focused startup companies with corporate partners.
The purpose of this partnership is to further develop and expand upon the various initiatives which ArcelorMittal is developing and deploying in the areas of digitalisation, big data and Industry 4.0. It is also an opportunity to explore further ideas in new materials, mobility and other emerging technologies.
“We are very excited about this partnership. Our aim is to identify new ideas from startups that may accelerate the transformation of our company and help us develop superior products, processes and services.”, explains Greg Ludkovsky, Vice-President of ArcelorMittal and Head of Global Research and Development.
Plug and Play’s Acceleration and Innovation programs, will offer participating startups the opportunity to collaborate with ArcelorMittal to improve its products and solutions, and accelerate ongoing technology-driven innovation initiatives.
“Industry leaders such as ArcelorMittal help us create an Innovation Ecosystem where the startups thrive,” says Farzin Shadpour, Vice-President of Plug and Play and Managing Director of Supply Chain Program. “It is a great honor to have ArcelorMittal join Plug and Play and we look forward to connecting them to the best and brightest startups in the industry.”
Photo caption: From left to right: Paul Perdang, CFO Global R&D, ArcelorMittal, Farzin Shadpour, VP Plug and Play, Greg Ludkovsky, VP and Head of Global R&D, ArcelorMittal. This photo, courtesy of Plug and Play was taken at their offices in Sunnyvale California on 6 February, 2018.
About Plug and Play
Plug and Play is a global innovation platform. We connect startups to corporations and invest in over 150 companies every year. Since inception in 2006, our programs have expanded worldwide to include a presence in 28 locations globally giving startups the necessary resources to succeed in Silicon Valley and beyond. With over 6,000 startups and 220 official corporate partners, we have created the ultimate startup ecosystem in many industries. We provide active investments with 200 leading Silicon Valley VCs, and host more than 365 networking events per year. Companies in our community have raised over $6 billion in funding, with successful portfolio exits including Danger, Dropbox, Lending Club, PayPal, SoundHound, and Zoosk. For more information, visit http://plugandplaytechcenter.com/supply-chain/
ArcelorMittal is the world's leading steel and mining company, with a presence in 60 countries and an industrial footprint in 18 countries. Guided by a philosophy to produce safe, sustainable steel, we are the leading supplier of quality steel in the major global steel markets including automotive, construction, household appliances and packaging, with world-class research and development and outstanding distribution networks.
Through our core values of sustainability, quality and leadership, we operate responsibly with respect to the health, safety and wellbeing of our employees, contractors and the communities in which we operate. For us, steel is the fabric of life, as it is at the heart of the modern world from railways to cars and washing machines. We are actively researching and producing steel-based technologies and solutions that make many of the products and components people use in their everyday lives more energy efficient.
We are one of the world’s five largest producers of iron ore and metallurgical coal. With a geographically diversified portfolio of iron ore and coal assets, we are strategically positioned to serve our network of steel plants and the external global market. While our steel operations are important customers, our supply to the external market is increasing as we grow. In 2017, ArcelorMittal had revenues of $68.7 billion and crude steel production of 93.1 million metric tonnes, while own iron ore production reached 57.4 million metric tonnes.
ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MT), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS). For more information about ArcelorMittal please visit: http://corporate.arcelormittal.com/