Kinaxis Announces Agreement to Transform Energy Sector Supply Chains

Collaboration with ExxonMobil will create customized technology solutions for efficiency

OTTAWA, Ontario October 14, 2024–(BUSINESS WIRE)–Kinaxis^® (TSX:KXS), a global leader in end-to-end supply chain orchestration, today announced a co-development agreement with ExxonMobil, one of the world’s largest integrated fuels, lubricants and chemicals companies, to create technology solutions for supply chain designed specifically for the energy sector.

Empowered by the growing demand for energy products that support modern life, the companies will work together to identify supply chain challenges unique to the energy sector and create a potential industrial solution to mitigate them.

Kinaxis and ExxonMobil will focus on a supply and demand planning solution for the complicated fuel market, which does not have an industry-wide standard and relies heavily on spreadsheets and other manual methods. The solution will enable integrated planning from the refinery to the customer with timely data for more accurate planning, balancing and supply/demand signaling. Benefits include automated data visibility, better inventory management and terminal replenishment, and improved supply scenario planning that should enable arbitrage opportunities and lower supply costs.

In the area of ​​chemicals and lubricants, companies are developing an advanced planning solution that provides manufacturing and logistics constraints management along with scenario modeling and assessment.

Finally, co-development will fit established sales and operations planning solutions specifically for upstream operations to optimize the supply, storage and movement of materials and assets to improve utilization and reduce costs.

“Over the past year, we have brought together all of ExxonMobil’s supply chain activities and expertise into a centralized organization, creating one of the largest supply chain operations in the world, and through this we have identified critical solution gaps to enable our business to capture value additional,” said Staale. Gjervik, president of supply chain, ExxonMobil Global Services Company. “Collaborating with Kinaxis, a leading provider of supply chain technology, is critical to providing solutions for a large, complex business like ours.”

“ExxonMobil is uniquely positioned to understand the biggest opportunities in improving energy supply chains, from more accurate sales and operations planning, greater agility in field operations, effective management of massive transportation networks and rapid adaptation to regulatory environments complex,” said John Sicard, Kinaxis CEO. “There is an urgent need to increase efficiency at every stage, from extraction to end-user consumption, and we look forward to making a big impact across the sector.”

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Operating for more than 140 years, ExxonMobil is one of the largest energy companies in the world; she will bring her deep knowledge and experience in the energy sector, while Kinaxis will leverage its market-leading supply chain expertise and digital innovation to create techniques and software solutions designed specifically for the sector.

About Kinaxis
Kinaxis is a global leader in modern supply chain orchestration, powering complex global supply chains and supporting the people who run them, in service to humanity. Our powerful AI-based supply chain orchestration platform, Maestro™, combines proprietary technologies and techniques that deliver complete transparency and agility across the entire supply chain — from multi-year strategic planning to final delivery. Renowned global brands trust us to provide the agility and predictability they need to navigate today’s volatility and disruption. For more news and information, visit kinaxis.com or follow us on LinkedIn.

Cautionary Note and Forward-Looking Information
This press release contains forward-looking information within the meaning of Canadian securities legislation. Forward-looking information relates to future events or the anticipated performance of Kinaxis and reflects management’s expectations or beliefs regarding such future events. In certain cases, statements containing forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends” , “anticipates”, “believes” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “may” or “will be taken”, “occur” or ” be achieved” or the negative of these words or comparable terminology. By its very nature, forward-looking information involves known and unknown risks, uncertainties and other factors that may cause Kinaxis’ actual performance to be materially different from any performance predicted, expressed or implied by such forward-looking information.

Forward-looking information is subject to a variety of risks and uncertainties, which could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, the risks described under the heading “Risk Factors” in the Form of annual information of the Company dated March 25, 2024 for the fiscal year ended December 31, 2023, under the heading “Forward-Looking Statements” in our press release dated July 31, 2024, and other risks identified in the Company’s records. Company with Canadian securities regulators, whose filings are available on SEDAR+ at https://www.sedarplus.ca.

The risk factors mentioned above are not an exhaustive list of factors that may affect any forward-looking information of the Company. Forward-looking information includes statements about the future and is inherently uncertain, and the Company’s actual achievements or other future events or conditions may differ materially from those reflected in the forward-looking information due to a variety of risks, uncertainties and other factors. The Company’s statements containing forward-looking information are based on management’s beliefs, expectations and opinions on the date the statements are made, and the Company undertakes no obligation to update such forward-looking information if circumstances or management’s beliefs, expectations or opinions must change except as required by applicable law. For the reasons set out above, undue reliance should not be placed on forward-looking information.

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Contacts

Media relations
Jaime Cozinheiro | Kinaxis
[email protected]
+1 289-552-4640

Investor Relations
Rick Wadsworth | Kinaxis
[email protected]
+1 613-907-7613