DENVER, COLORADO-- March 27, 2018 - TrackX Holdings Inc. (TSX VENTURE:TKX) ("TrackX" or the "Company), a SaaS-based enterprise asset management solution provider, announces that it has entered into an agreement for an enterprise-wide expansion of its Global Asset Management for Enterprises (GAME) solution for a previously announced customer. Under this agreement, TrackX will deploy GAME for SCM (Supply Chain Management) across all four existing distribution yards for this U.S.-based baked goods manufacturer that generates more than US$1 billion in annual revenue. This adds to TrackX’s strong customer base in the Food & Beverage Distribution industry that already includes two of the top five food and beverage companies in North America.
“It is wonderful to be working with a client with such vision and thought leadership in their industry,” said TrackX CEO Tim Harvie. “Upon completing a very detailed business process and workflow analysis, this deployment not only further validates our “land and expand” strategy, but will also result in further extensions to our GAME platform, allowing us to better serve other food services companies.”
TrackX GAME for SCM will track and manage complex truck and trailer activity throughout this customer’s distribution facilities, maintain accurate yard inventory, automate gate operations, improve labor efficiency, facilitate efficient dock door scheduling. The deployment will leverage GAME’s support for a wide variety of asset tracking and IoT hardware as well as its comprehensive integration into back end ERP systems to automate the yard and dock related operational processes of this customer. Passive RFID tags will be affixed to every trailer. RFID readers at the gates along with GPS receivers and RFID readers on the spotter trucks will provide for real time locationing and tracking of trailers within the yard and in an out of the yard gates. IoT sensors at the dock doors will provide real time dock door status, facilitate dynamic task scheduling and improve operational safety. Once fully deployed, this solution will allow the customer to consolidate disparate distribution operations across their network onto a single solution platform, gaining visibility and business intelligence throughout the entire operation.
TrackX, 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
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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.