PALO ALTO, Calif. and
TORONTO, Aug. 10, 2020 /PRNewswire/ -- Inpixon
(Nasdaq: INPX), a leading indoor data company that delivers Indoor
Intelligence™ solutions, today announced it has received
certification for its Ultra-WideBand (UWB) module from the U.S.
Federal Communications Commission (FCC).
The FCC-certified UWB module is designed and developed by
Inpixon for use in Inpixon and third-party sensors, built to meet
the IEEE 802.15.4 UWB standard and has an ability to provide
positional accuracy of under 30 centimeters. According to Market
and Markets, the Ultra-Wideband market is projected to reach
USD $2.7 billion by 2025 at a CAGR of
19.6%. The anticipated growth is due to the rapid adoption of UWB
technology within consumer electronics and Industrial Internet of
Things (IIOT) applications including numerous use cases across the
healthcare, manufacturing, hospitality, security and other
industries. Companies such as Apple, NXP and Samsung are utilizing
UWB for device-to-device applications and location-based services
due to its high accuracy and reliability with low-to-no radio
signal interference.
"Inpixon is determined to establish ourselves as the leader in
the indoor location technology market, leveraging both our
comprehensive offering and first-in-class technologies which enable
our customers to achieve the right mix of solutions for their
specific needs," said Nadir Ali,
Inpixon CEO. "This new FCC-certified UWB module will enable many of
our existing and new enterprise customers to gain significant
advantage by utilizing a unique combination of cellular, Wi-Fi,
Bluetooth and Ultra-Wideband (UWB) signal detection for
positioning. We believe Inpixon's sensors, analytics, and mapping,
combined within our intelligent, integrated platform, provide
customers the best digital situational awareness technology for
location services, security, risk mitigation and public safety for
their indoor spaces."
"We are especially proud of our research and development team
for these technological achievements, as well as rapid prototyping,
testing and development of this UWB module," commented Adam Benson, Inpixon CTO. "The proficiency
gained from our current projects will inspire our pipeline of
upcoming innovative products and associated software."
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 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.
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SOURCE Inpixon