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August 5, 2014
05:20 EDTCATCaterpillar to invest $11M in Africa
The Caterpillar Foundation is making an initial investment of $5M with the ONE Campaign to address advocacy and public policy needs and the lack of access to power, which is a key factor in making it more difficult for Africa to lift itself out of poverty. The Caterpillar Foundation plans to announce an additional grant with ONE later this year. The Caterpillar Foundation is investing nearly $5M to bring clean water to two countries in Africa through charity: water, whose mission is to bring clean and safe drinking water to every person in the world. As cooking and fuel collection largely remain a woman's responsibility in many African countries, the health and economic effects of household air pollution from traditional cookstoves disproportionately impact girls and women. The Caterpillar Foundation is investing more than $1M in energy and cookstoves programs to help address this deadly issue in Ghana, Kenya, Nigeria and Uganda.
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April 10, 2015
11:01 EDTCATCaterpillar announces new Analytics & Innovation division
To better capitalize on the growing importance and excitement of data analytics and to drive innovation to support customers, Caterpillar announced the formation of a new division, Analytics & Innovation, which will be led by Caterpillar Vice President Greg Folley. The division will bring together the people and resources that will foster a culture with innovation at the core, form a broad and connected analytics ecosystem and manage strategic third party relationships with providers like Chicago, Illinois-based Uptake, a start-up with which the company recently announced a technology and predictive analytics agreement. Caterpillar will co-locate key employees with the Uptake team in Chicago to accelerate the work needed to create a platform that takes massive amounts of data, combines it with data science to understand patterns and quickly deploys information to save customers money, optimize performance and prevent unplanned downtime. The company is also placing resources in the Silicon Valley and has seeded money in a venture capital fund with the goal of investing in emerging technologies that could further enhance Caterpillar's product and service development. All of these activities under the umbrella of the AI division will complement the innovative work that thousands of Caterpillar employees are already doing around the worldó a trait that has been critical to Caterpillar's success since the formation of the company 90 years ago.
April 8, 2015
15:38 EDTCATCaterpillar nominates Sempra Energy CEO to board
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