PALO ALTO, Calif. and TORONTO, Sept. 9, 2020 /PRNewswire/ -- Inpixon
(Nasdaq: INPX), a leading indoor data company that delivers Indoor
Intelligence™ solutions, today announced that it has entered into a
multi-year reseller agreement with GASCOM, S.A. de C.V. ("GASCOM"),
a leading importation and distribution organization with extensive
expertise bringing a wide range of international products into
Central America and Mexico.
"We look forward to leveraging the breadth of GASCOM's
experience across many large and important business verticals and
its relationships with senior officials in several governments,"
commented Nadir Ali, CEO of Inpixon.
"Given the specific system requirements of three clients identified
by GASCOM in particular, Inpixon's recent certification from the
United States Federal Communications Commission ("FCC") for our
multi-technology sensor and of our Ultra-Wideband ("UWB") module
were catalysts for proceeding with GASCOM to address these customer
use cases along with our sensor's cellular, Wi-Fi and Bluetooth Low
Energy ("BLE") and indoor mapping capabilities."
"Significant global investment by leading multi-national
companies is driving substantial demand for innovative technology
products that are essential for growing companies and government
entities," said GASCOM's Head of Sales, Evelyn Jimenez. "Technology innovation by
companies such as Inpixon, which has demonstrated to us its ability
to successfully serve large enterprise customers and the United States government, is crucial for
the continued growth of our customers and governments and their
ability to compete on a global scale by adoption of these
advancements in the region. Inpixon's introduction of technology
that has the ability to provide positional accuracy of under 30
centimeters will allow us to address some of the largest challenges
against economic growth caused by the COVID-19 pandemic."
Ms. Jimenez continued, "For example, El Salvador has been one of the leading
countries in the world regarding the measures it has taken to
prevent and mitigate the spread of COVID-19. It was one of the
first countries to close its international borders and to require a
mandatory stay-at-home order. Importantly, El Salvador's President, Nayib Bukele, has focused not only on taking the
steps needed to mitigate the spread of this virus but also to
implement vital economic aid programs to reactivate and strengthen
the country's economy. President Bukele has requested an
extraordinary $3 billion dollars in
an emergency fund to stimulate the economy and innovate in the
protection of the country's citizens. He has also built the largest
COVID-19 hospital in Central
America, Hospital de El
Salvador, which is now completely operational and running
full time. Given these factors and The Government of El Salvador's interest in investing in
high-tech products, we believe implementation of location-awareness
technologies in government facilities, hospitals, airports and at
border entry points will further demonstrate El Salvador's leadership in Central America and the world. We are also
exploring distributed system integration with the Central America
Integration System ('SICA')."
Added Mr. Ali, "We are aware of no company other than Inpixon
that has entered the large and growing market in Central America and Mexico that can deliver the capabilities of a
sensor able to detect cellular, Wi-Fi, BLE and UWB, that
is also integrated with an Indoor Intelligence platform that
includes mapping, analytics and device positioning. Along with
GASCOM's management, we look forward to implementation of Inpixon
technology and its powerful positional accuracy across a diverse
set of opportunities ranging from cybersecurity situational
awareness, contact tracing and rogue device detection to asset
tracking and visitor management. Together, we intend to take a
leadership role in bringing world-class location-based services
("LBS") and real-time location systems ("RTLS") to the region.
GASCOM's primary offices are located in San Salvador, El
Salvador, and GASCOM also has operations in Panama, Guatemala, Belize, Honduras, Costa
Rica, Nicaragua and
Mexico. GASCOM's experienced team
imports and distributes some of the most recognized global brands
in Central America and
Mexico. "At GASCOM, our team
represents innovative brands such as DJI, which is the worldwide
leader in aerial drones," noted Ms. Jimenez. "We believe we were
the first group in Central America
to distribute DJI, and our sales have grown 46% year-over-year. We
are confident that our expansive client base and deep distribution
channels will allow Inpixon's technology to be widely adopted by
marque customers and innovative governments throughout the
region."
About Inpixon
Inpixon® (Nasdaq: INPX) is the Indoor Intelligence™ company that
specializes in capturing, interpreting and giving context to indoor
data so it can be translated into actionable intelligence. The
company's Indoor Intelligence platform ingests diverse data from
IoT, third-party and proprietary sensors designed to detect and
position active cellular, Wi-Fi, UWB and Bluetooth devices. Paired
with a high-performance data analytics engine, patented algorithms,
and advanced mapping technology, Inpixon's solutions are leveraged
by a multitude of industries to do good with indoor data. This
multidisciplinary depiction of indoor data enables users to
increase revenue, decrease costs, and enhance safety. Inpixon
customers can boldly take advantage of location awareness,
analytics, sensor fusion and the Internet of Things (IoT) to
uncover the untold stories of the indoors. For the latest insights,
follow Inpixon on LinkedIn, Twitter, and
visit inpixon.com.
Safe Harbor Statement
All statements in this release that are not based on
historical fact are "forward-looking statements" within the meaning
of the Private Securities Litigation Reform Act of 1995 and the
provisions of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. While management has based any forward-looking statements
included in this release on its current expectations, the
information on which such expectations were based may change. These
forward-looking statements rely on a number of assumptions
concerning future events and are subject to a number of risks,
uncertainties and other factors, many of which are outside of the
control of Inpixon and its subsidiaries, which could cause actual
results to materially differ from such statements. Such risks,
uncertainties, and other factors include, but are not limited to,
GASCOM's ability to successfully market Inpixon's products and
services, the purchase of Inpixon's products and services by GASCOM
customers, the fluctuation of economic conditions, the impact of
COVID-19 on Inpixon's results of operations, the performance of
management and employees, the regulatory landscape as it relates to
privacy regulations and their applicability to Inpixon's
technology, Inpixon's ability to maintain compliance with Nasdaq's
minimum bid price requirement and other continued listing
requirements, including during a panel monitoring period ending on
February 5, 2021, the ability to
obtain financing, competition, general economic conditions and
other factors that are detailed in Inpixon's periodic and current
reports available for review at sec.gov. Furthermore, Inpixon
operates in a highly competitive and rapidly changing environment
where new and unanticipated risks may arise. Accordingly, investors
should not place any reliance on forward-looking statements as a
prediction of actual results. Inpixon disclaims any intention to,
and undertakes no obligation to, update or revise forward-looking
statements.
Inpixon Contacts
Media relations and general inquiries:
Inpixon
Email: marketing@inpixon.com
Web: inpixon.com/contact-us
Investor relations:
Crescendo Communications, LLC
Tel: +1 212-671-1020
Email: INPX@crescendo-ir.com
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SOURCE Inpixon