Carpenter Technology Corp
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Materials : Metals & Mining | Small Cap Value
Company profile

Carpenter Technology Corporation is engaged in the manufacturing, fabrication and distribution of specialty metals. The Company develops, manufactures and distributes specialty alloys, including titanium, nickel and cobalt, as well as alloys specifically engineered for additive manufacturing processes and soft magnetics applications. The Company's segments include Specialty Alloys Operations (SAO) and Performance Engineered Products (PEP). Its SAO segment consists of alloy and stainless steel manufacturing operations. Its PEP segment includes the Dynamet titanium business, the Carpenter Powder Products business, the Amega West business, the Specialty Steel Supply business and the Latrobe and Mexico distribution businesses. It provides specialty alloy-based materials and process solutions for applications in the aerospace and defense, energy, transportation, medical and industrial and consumer industries.

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Last Trade
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Closing Price
$35.70
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-0.23 (-0.64%)
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Day's High
35.99
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34.88
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Volume:
636,449

10-day average volume:
466,213
636,449

PathAI Chooses Digital Realty's PlatformDIGITAL(R) to Deploy AI Workloads

6:30 am ET October 26, 2020 (PR Newswire) Print

Digital Realty (NYSE: DLR), a leading global provider of carrier- and cloud-neutral data center, colocation and interconnection solutions, announced today that PathAI, a global provider of artificial intelligence (AI)-powered technology for use in pathology research, has selected Digital Realty's data hub solution on PlatformDIGITAL(R) to deploy its AI workloads.

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PathAI's platform uses machine learning and deep learning AI-based techniques to assist pathologists' research as part of the teams who develop new medicines for the treatment of diseases like cancer. As PathAI has grown, its workloads have expanded, and data gravity has become an issue. PathAI searched for an industry-leading partner that could help reduce challenges associated with data gravity, such as complexity and cost, while providing greater flexibility as well as a more efficient solution for secure data movement and processing. PathAI selected Digital Realty due to the company's scalable and flexible design options, unparalleled footprint in the data-dense Northern Virginia1 metropolitan area, availability of renewable energy solutions, and ability to rapidly deploy high-density, AI-ready infrastructure.

"Despite our background as a cloud-native company, we realized that we could really benefit from a hybrid cloud infrastructure," said Don O'Neill, Vice President of Engineering at PathAI. "We initially deployed with Digital Realty given their cost benefits and flexible options, but the biggest and most surprising advantage we've seen is the increase in performance and capacity. Since deploying on PlatformDIGITAL, our complicated workloads are running three to four times faster in a hybrid data center environment than purely in the cloud - a critical differentiator that significantly improved the productivity of our machine learning engineers."

Digital Realty Chief Technology Officer Chris Sharp added, "Enterprises are looking for the optimal hybrid IT architecture to deploy AI workloads both on-premise and in the cloud. Our established relationships with key IT providers along with our depth of partnerships in the data center supply chain enable customers like PathAI to swiftly take advantage of hybrid cloud models. Enterprises can quickly deploy workloads at our AI-ready centers of data exchange and harness data gravity to spur AI innovation."

Supporting Resources:

-- Learn more about Digital Realty's PlatformDIGITAL(R) Data Hub solution

-- More information on Data Center solutions in Northern Virginia

-- Artificial Intelligence (AI) solutions from Digital Realty

-- Media alert: MarketplaceLIVE 2020 to focus on 'Defying Gravity'

About Digital RealtyDigital Realty supports the world's leading enterprises and service providers by delivering the full spectrum of data center, colocation and interconnection solutions. PlatformDIGITAL(R), the company's global data center platform, provides customers a trusted foundation and proven Pervasive Datacenter Architecture PDx(TM) solution methodology for scaling digital business and efficiently managing data gravity challenges. Digital Realty's global data center footprint gives customers access to the connected communities that matter to them with 280 facilities in 47 metros across 22 countries on six continents. To learn more about Digital Realty, please visit digitalrealty.com or follow us on LinkedIn and Twitter.

Media & Industry Analyst RelationsMarc MusgroveDigital Realty+1 (415) 508-2812mmusgrove@digitalrealty.com

Investor RelationsJohn Stewart / Jim HusebyDigital Realty+1 (415) 738-6500InvestorRelations@digitalrealty.com

Safe Harbor StatementThis press release contains forward-looking statements which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially, including statements related to PathAI and PlatformDIGITAL(R). For a list and description of such risks and uncertainties, see the reports and other filings by the company with the U.S. Securities and Exchange Commission. The company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

1 Washington, D.C. ranked highest in the U.S. and third globally in terms of the metro-to-metro data gravity attraction between the Washington, D.C. metropolitan area and the financial hub of New York. Source: Data Gravity Index 2020

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View original content to download multimedia:http://www.prnewswire.com/news-releases/pathai-chooses-digital-realtys-platformdigital-to-deploy-ai-workloads-301159065.html

SOURCE Digital Realty

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