Strategic partnership to bring RAIN RFID data from the Impinj platform to TrackXSaaS-based enterprise asset management solution
DENVER, COLORADO – May 1, 2018 – TrackX Holdings Inc. (TSX VENTURE:TKX; FRANKFURT: 3TH), a SaaS-based enterprise asst management solution provider, today announced a strategic partnership with Impinj, Inc. (NASDAQ: PI), a leading provider and pioneer of RAIN RFID solutions.TrackX, Inc., based in Denver, Colorado, is an enterprise asset management company deploying SaaS-based solutions that use automatic identification and sensor technologies, including RAIN RFID, to track and manage a wide variety of physical assets in a range of companies including healthcare organizations, mining and manufacturing companies, and the hospitality and food-and-beverage industry. TrackX will integrate RAIN RFID data from the Impinj platform into the TrackX Global Asset Management for Enterprises (GAME) platform to gain accurate, real-time data about an asset’s identity, location, and history. Customers of TrackX and Impinj gain insight into asset use that drives increased asset and labor optimization.
“TrackX customers consistently request a complete solution to business process issues related to the movement and utilization of corporate assets,” said Tim Harvie CEO of TrackX. “We believe that Impinj’s long history of innovation in RAIN RFID technology for item intelligence balances nicely with TrackX’s ability to deliver business intelligence to a wide variety of industries and business functions through Industrial IoT integration. We are excited about the collaboration with Impinj and the value this relationship represents to our customers.”
Impinj’s vision is to deliver digital life to everyday items such as retail apparel, medical supplies, luggage, automobile parts and more, extending the reach of the Internet by a factor of 1,000. Impinj connects these everyday items using RAIN RFID, a battery-free radio technology ideally suited to identifying, locating and authenticating everyday items. The Impinj Channel Partner Program is designed for companies that provide expertise and services to design, plan, and deploy Internet of Things (IoT) solutions using the Impinj platform.
“We see customers who have adopted enterprise asset management solutions that integrate data from the Impinj platform gain process efficiencies and make better use of resources,” said Jeff Dossett, EVP sales and marketing at Impinj. “TrackX is a leading solution provider in this space and we’re excited to work with them to join the Impinj platform with the TrackX platform to deliver a complete enterprise asset management solution for our shared customers.”
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.
Impinj (NASDAQ: PI) wirelessly connects billions of everyday items such as apparel, medical supplies, and automobile parts to consumer and business applications such as inventory management, patient safety, and asset tracking. The Impinj platform uses RAIN RFID to deliver timely information about these items to the digital world, thereby enabling the Internet of Things. www.impinj.com
Impinj is a registered trademark of Impinj, Inc. All other trademarks are the property of their owners.
For more information, please contact:
Gene McConnell, TrackX Holdings
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.