• Sat. May 18th, 2024

DARPA Picks 4 Companies to Develop Technology for Enhancing Transparency in Critical Materials Pricing

BySamantha Johnson

Apr 12, 2024
DARPA Picks 4 Companies to Develop Technology for Enhancing Transparency in Critical Materials Pricing

The Defense Advanced Research Projects Agency (DARPA) has chosen four companies to develop technology that aims to improve price transparency in the critical materials market as part of the Open Price Exploration for National Security (OPEN) program.

Exiger and S&P Global Commodity Insights have been selected to work on the first technical area of the program, which involves creating a prototype system to estimate input costs for critical materials. In addition, S&P Global Commodity Insights will be joining Charles River Analytics and GE Research in the second technical area to develop a prototype system for forecasting supply and demand for critical commodities.

DARPA’s program manager, Jonathan Doyle, stated that the selected companies will use their expertise in critical materials markets to develop technology that provides accurate and unbiased price, supply, and demand predictions. This technology has the potential to improve decision-making for the U.S. government and investors, and enhance resilience in the face of supply chain disruptions.

The OPEN program was launched in October 2023 in collaboration with the U.S. Geological Survey with the goal of creating technology that enhances price transparency in critical materials markets for both producers and buyers.

By Samantha Johnson

As a content writer at newszkz.com, I delve into the realms of storytelling, blending words to paint vivid narratives that captivate and inform our readers. With a keen eye for detail and a passion for research, I craft compelling articles that resonate with our audience. My love for words drives me to explore diverse topics, ensuring that each piece I create not only educates but also entertains. Join me on this journey as we navigate the ever-evolving landscapes of news and knowledge together.

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