DENVER — October 3, 2017— TrackX Holdings Inc. (TSX.V:TKX) (“TrackX” or the “Company”), an enterprise Industrial Internet of Things (IIoT) software platform provider, announces that a leading, US-based, specialized packaging provider has selected TrackX’s GAME for SCM (Supply Chain Management) platform to manage and optimize supply chain assets and related business processes. The initial deployment has been successfully completed, and discussions are currently underway regarding the expansion of the solution across additional production and distribution locations throughout the US. For TrackX, the deployment represents a significant sale since it originated from the Company’s acquisition of broTECH solutions, which closed June 29, 2017.
“The solution that we designed showcases the flexibility of TrackX’s GAME platform and the value-add from broTECH’s mobile solutions,” said Tim Harvie, President and CEO of TrackX. “Our team optimized business processes from the customer’s warehouses through its distribution and delivery systems to create a supply chain management system that maximizes operational efficiencies and delivers premium experiences to its end customers. We are pleased to be working with this new customer, and look forward to delivering this expanded suite of supply chain management capabilities to both current customers and additional enterprise accounts.”
GAME for SCM focuses on distribution yard and dock management, shipment planning, driver management, and features in-cab Android based driver applications. The solution will integrate with the customer’s existing warehouse management system (WMS) and production planning applications.
GAME for SCM further enhances TrackX’s offerings within the IIoT space by integrating with dock door sensors to determine the presence of trailers while utilizing analytics to drive optimal trailer loading as necessary to meet customer delivery timeframes. This valuable operational information is easily accessed via TrackX Mobile to enable real-time visibility to status updates on mobile devices.
TrackX, based in Denver, Colorado, is an enterprise Industrial Internet of Things (IIoT) software platform provider leveraging multiple auto-ID technologies for the comprehensive management of physical assets. TrackX’s Global Asset Management for Enterprises (GAME) platform enables the IIoT by providing unique item level tracking, workflow processing, event management, alerts and powerful analytics to deliver solutions across a growing number of industries. This platform creates unprecedented visibility and business intelligence of man-to-machine and machine-to-machine interaction. TrackX delivers significant value to a growing list of Fortune 500 companies and for customers in industries such as transportation, beverage, brewery, healthcare, hi-tech, hospitality, mining, agriculture, horticulture, manufacturing and government.
For more information, please contact:
Knox Henderson, TrackX Holdings Inc.
Sean Peasgood, Sophic Capital
Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. All statements that address future plans, activities, events or developments that the Company believes, expects or anticipates will or may occur including the Company’s anticipated pipeline and value of current and customer deployments and future opportunities are the managements best estimates and cannot be guaranteed or relied upon and is forward-looking information. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements in this news release, whether as a result of new information, future events or otherwise, except as required by law.