PALO ALTO, Calif. and
TORONTO, Sept. 14, 2020 /PRNewswire/ -- Inpixon
(Nasdaq: INPX), a leading indoor data company that delivers Indoor
Intelligence™ solutions, today announced it has received new and
additional follow-on orders and subscription renewals with a value
of approximately $2.6 million during
the third quarter of 2020 to date for the application of its Indoor
Intelligence platform across multiple uses cases, evidencing how
organizations in varying industries are leveraging the value of
indoor intelligence.
Organizations across a variety of industries continue to
leverage the full range of capabilities offered by Inpixon's
platform to improve operational efficiencies, increase situational
awareness, and enhance the safety and security of their indoor
spaces through wireless device positioning. New orders this quarter
for Inpixon's sensor technology were received for various
government agencies and enterprise organizations, including certain
industry-leading telecommunications and technology services
companies. Inpixon's technology, including its recently launched
Workplace Readiness™ Dashboards, Inpixon Pods and Inpixon Mapping,
was also recently selected by a Florida-based cognitive wellness
clinic, to assist with efficient client processing through the
clinic and rapid decontamination of areas within the clinical
premises that need it most. In addition, Inpixon's mapping platform
was chosen this quarter by companies in the healthcare,
pharmaceutical, financial, transportation, retail, and commercial
real estate sectors for a variety of purposes including wayfinding
and asset tracking.
"Our indoor intelligence solutions are being adopted across
industry verticals for a multitude of use cases, and as the
uncertainty customers face about returning to work around the world
declines, we believe we will see even greater adoption," commented
Nadir Ali, CEO of Inpixon. "Since
the launch of our 'Reclaim Your Workplace' national advertising
campaign, we believe we have increased Inpixon's awareness in the
market and that the extensive partner relationships we are
establishing in multiple regions of the world will aid in
accelerated adoption of our Indoor Intelligence solutions. We look
forward to building on these relationships and expanding the scope
of services with these customers over time."
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, the rate of adoption by customers
of our solutions, 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