PALO ALTO, Calif. and
TORONTO, Dec. 18, 2020 /PRNewswire/ -- Inpixon
(Nasdaq: INPX), the Indoor Intelligence™ company, today announced
that Inpixon Mapping has been selected as part of a workplace
experience solution for a leading medical technology provider, one
of the world's largest public companies, to provide intelligent,
multi-dimensional digital maps. Inpixon Mapping is currently
contracted for deployment throughout the organization's
headquarters campus comprised of dozens of buildings covering
nearly one million square feet.
Inpixon Mapping will be used to visualize locations throughout
the organization's headquarters in a multi-layered digital map and
operate in conjunction with additional technologies to support a
comprehensive workplace experience application. The solution will
offer wayfinding and room-booking capabilities as well as
allow management to provide additional workforce productivity
features. The application is intended to improve productivity by
saving time moving within and between campus buildings with
intelligent mobile phone-based Inpixon wayfinding and
navigation. The terms of the agreement include both one-time
professional services revenue, as well as recurring revenue
associated with the mapping platform license.
Nadir Ali, Chief Executive
Officer, commented, "We are very pleased to have our Inpixon
Mapping platform selected by one of the world's largest medical
device companies to provide dynamic digital maps of its sizable
headquarters. Our mapping will provide the organization an
interactive representation of its large campus that enables indoor
and outdoor wayfinding and navigation that leverages business
rules, creating real-time indoor intelligence and enhancing the
overall employee workplace experience through a user-friendly
application.
"Scalable, location-aware applications with indoor maps and
related capabilities can be an essential part of a productive
workplace experience. Indoor Intelligence provides valuable
information for management and can be used in conjunction with
our Workplace Readiness solutions to aid in creating a
safer environment. We look forward to deploying our indoor mapping
technology across this organization's headquarters campus with the
goal to expand into additional locations."
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,
the fluctuation of economic conditions, the impact of COVID-19 on
Inpixon's results of operations, Inpixon's ability to integrate the
products and business from recent acquisitions into its existing
business, 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