TrackX Wins Enterprise Expansion Deal for One of the World’s Largest Food Companies

Investor Updates, TrackX News | October 25, 2018

TrackX now Services Three of the Top Six Food and Beverage Companies

DENVER, CO — October 25, 2018— TrackX Holdings Inc. (TSX.V:TKX FRANKFURT: 3TH)(“TrackX” or the “Company), a Software-as-a-Service (SaaS)-based enterprise asset management solution provider, today announced a major expansion of its current implementation of its GAME (Global Asset Management for Enterprises) platform to manage yard operations for a Fortune 100 client. The customer, which is the world’s second largest processor and marketer of chicken, beef, and pork, has chosen to expand TrackX’s solution from 8 currently installed locations to all 17beef and pork locations. This expansion is expected to be completed by June 2019.

The existing implementation of the TrackX yard management solution 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. From the existing implementations, the customer has realized many key benefits which led to the decision to expand the TrackX solution, including:

  • Shunt driver efficiencies resulting in labor reductions and increasd capacity
  • Trailer temperature and fuel auditing through the TrackX product protection module to ensure the refrigerated units are operating at correct temperatures
  • Real-time visibility to all the trailers in the yard using a color coded map view to easily determine number of empty, loaded or out of service trailers
  • Dynamic task dispatching to optimize the assignment of trailer move tasks to shunt drivers
  • Integration with the transportation management system utilizing TrackX Connect, eliminating manual entry and related errors
  • Business analytics through TrackX Insightproviding managers with real-time information, operational dashboards, and KPI’s to more effectively manage yard operations

“We are excited to be servicing three of the top six food and beverage companies with our asset management solutions,” said TrackX President and CEO, Tim Harvie. “Not only is our ‘Land and Expand’ strategy continuing to succeed across various customers, but GAME is demonstrating value that drives customers to make GAME the system of record for yard management. Our ability to scale enterprise-wide, demonstrate interoperability and bring TrackX solutions to other areas of this client’s operations was a key determining factor for this expansion.”

About TrackX

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, brewery, healthcare, hi-tech, hospitality, mining, agriculture, horticulture, manufacturing and government.

For more information, please contact:

Gene McConnell, 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.

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