PALO ALTO, Calif. and
TORONTO, April 15, 2020 /PRNewswire/ -- Inpixon
(Nasdaq: INPX), a leading indoor data company that specializes in
delivering indoor intelligence, today announced it has secured a
contract with a new customer to provide indoor maps for more than
two dozen shopping centers in Europe and Asia. The contract is expected to generate
both up-front professional services revenue as well as recurring
software license revenue.
The Inpixon mapping solution will allow consumers to
effectively search for and view maps to specific locations within
the various shopping centers. Users will be able to identify the
parking area closest to their destination and to view maps of
multi-level parking garages. The solution will also include
Inpixon's unique role-based maps, which will allow employees to
view restricted-access back-office areas and destinations, such as
non-public pathways, as well as storage rooms, electrical closets
and cable access points to enable more efficient operations and
facility maintenance. The maps will be available in various
languages on iOS and Android devices as well as via web browsers
and touchscreen kiosks.
Soumya Das, Inpixon's Chief
Operating Officer, commented, "We are pleased to have won this
highly competitive bid and to have excelled in the rigorous
technical review. I believe Inpixon was chosen due in great part to
our ability to scale in order to meet the specifications of a
large, global enterprise with numerous venues. While there are
other mapping providers that may be able to address the
requirements of small and mid-sized organizations, there are few
that can scale to handle large implementations. This customer will
be able to manage all of their mapped venues through a single,
browser-based content management system. The technical review
looked at not only our scalability but also multi-language support,
and security and privacy attributes. I believe our selection
affirms the investments we've made to deliver a high quality
enterprise-class indoor data platform. We look forward to working
closely with this customer to deliver the contracted solution and
to pursuing potential opportunities to add venues and additional
use cases as the project progresses."
About Inpixon
Inpixon® (Nasdaq: INPX) is an 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 location and data 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 performance of
management and employees, our ability to secure opportunities for
additional venues, 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.
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SOURCE Inpixon