DENVER, COLORADO–(June 12, 2018) – TrackX Holdings Inc. (TSX VENTURE:TKX; FRANKFURT: 3TH) (“TrackX” or the “Company”), a Software-as-a-Service (SaaS)-based enterprise asset management solution provider, announces the expansion of its yard management solution for a leading Global Appliance Manufacturer customer announced on January 25, 2018. The implementation extends to the second of a potential 10 locations targeted over the next 18 months.
“TrackX is proud to be granted additional expansion opportunities by a leader in the appliance manufacturing industry. We work closely with our customers to educate them on all TrackX solutions and ensure that the value they represent is realized,” said Tim Harvie, CEO of TrackX. “By truly partnering with our customers, we hope to earn the right to be considered for many other asset management opportunities within enterprise accounts and expand the TrackX solution footprint across additional locations, business processes and asset classes.”
This expansion comes after the customer realized the significant value of TrackX’s GAME (Global Asset Management for Enterprises) platform for Yard Management, offering further affirmation of TrackX’s “Land & Expand” strategy. As with other enterprise accounts, now that the initial site installation is nearing completion, other locations can be deployed in a fraction of the time as economies begin to be realized.
The current TrackX implementation manages all functions related to Dock, Yard and Gate by leveraging RFID tags and readers throughout the facility, along with GPS locationing on the Hostlers or Shunt Trucks to efficiently position transport trailers where needed within the facility.
TrackX, Inc. (TSX VENTURE:TKX), based in Denver, Colorado, is an enterprise asset management company deploying SaaS-based solutions leveraging multiple auto-ID and sensor technologies for the comprehensive tracking and 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, alerting and powerful analytics to deliver solutions across a growing number of industries. TrackX delivers significant value to a growing list of Fortune 500 companies and for customers in industries such as transportation, beverage and brewery, hi-tech, agriculture, manufacturing and government.
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TrackX Holdings Inc.
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.