PALO ALTO, Calif. and
BERLIN, July 28, 2021 /PRNewswire/ -- Inpixon (Nasdaq:
INPX), the Indoor Intelligence™ company, today announced that it
has received orders for tens of thousands of units in its RTLS
product line including next-generation technologies, from
integrator partners for their industrial customers in Europe, Asia,
Africa and North
America.
One of the noteworthy commitments was a purchase order worth
over a half million U.S. dollars for Inpixon swarm bee tag modules
and related subassemblies for integration into a Europe-based partner's industrial safety
solutions. The products are anticipated to be used in several
countries in Europe and
Asia for collision avoidance and
remote control of industrial equipment intended to increase safety,
facilitate regulatory compliance, and improve operational
efficiency by accelerating work sequences and increasing operator
flexibility.
A Canadian Inpixon customer purchased several thousand of
Inpixon's latest-generation tag modules, the swarm bee LE
V3 for anticipated shipments to their customers across
numerous countries. The Inpixon products will be used in a variety
of devices to be attached to personnel, vehicles and equipment for
operator awareness, collision warnings, static and moving proximity
zones, and operational safety KPI analysis.
Inpixon also noted it received an order for thousands of
nanoLOC transceivers which are part of a stream of orders
received in 2021 totaling tens of thousands of swarm bee LE V3 and
nanoLOC units from a partner in South
Africa. Inpixon expects additional demand from the region
due to more stringent governmental regulations that mandate
mining operators comply with increased safety requirements.
"We are pleased with these wins in our RTLS business," said
Nadir Ali, CEO of Inpixon. "Our
technology offers a unique performance profile combining high
accuracy, long operational range and interference resilience that
make it an excellent choice for a wide range of location and
ranging use cases. I'm particularly encouraged that our integrator
partners are designing our latest generation releases into their
newest products. We believe this could fuel significant high-margin
orders for many years to come."
About Inpixon
Inpixon® (Nasdaq: INPX) is the innovator of Indoor
Intelligence™, delivering actionable insights for people, places
and things. Combining the power of mapping, positioning and
analytics, Inpixon helps to create smarter, safer, and more secure
environments. The company's Indoor Intelligence and mobile app
solutions are leveraged by a multitude of industries to optimize
operations, increase productivity, and enhance safety. Inpixon
customers can take advantage of industry leading location
awareness, RTLS, workplace and hybrid event solutions, analytics,
sensor fusion and the IoT to create exceptional experiences and to
do good with indoor data. For the latest insights, follow Inpixon
on LinkedIn, and 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 and global supply chain
constraints, 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, 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