CALGARY, April 11, 2017 /CNW/ - Trakopolis IoT Corp.
("Trakopolis" or the "Company") (TSX VENTURE: TRAK)
is pleased to announce a renewed and expanded partnership to market
Honeywell's ConneXt Loneworker™ safety solution.
In connection with entering into the renewed agreement,
Trakopolis and Honeywell will expand their joint sales and
marketing efforts globally. In addition, the companies will
collaborate on strategies to utilize the Trakopolis IoT Platform
with other Honeywell connected safety products.
Honeywell's ConneXt Loneworker helps companies ensure the safety
of workers in the energy, utility and construction industries,
whose employees often work in remote locations out of cell phone
range. The solution includes a wearable, wireless gas detector, a
satellite uplink for the worker's vehicle and Cloud technology from
Trakopolis to optimize field operations. The technology also
enables workers to alert the company immediately if they become
injured and need help – even if they are out of cell phone
range.
Brent Moore, CEO of Trakopolis
stated, "We're excited to broaden our partnership with Honeywell.
The renewal of this exclusive agreement is a result of both
companies' belief in the ConneXt Loneworker product, and its
efforts to continue to develop innovative, connected
solutions."
"Honeywell safety products help protect more than 500 million
workers around the world every day," said Ken Schmidt, general manager-gas detection for
Honeywell Industrial Safety. "We believe connected safety
solutions using Trakopolis' Cloud technology will help us to better
protect workers and provide employers with the data and
intelligence they need to improve their operations' productivity
and efficiency."
About Trakopolis
Trakopolis is a Software as a Service (SaaS) company with
proprietary, cloud-based solutions for real-time tracking, data
analysis and management of corporate assets such as equipment,
devices, vehicles and workers. The Company's asset management
platform works across a variety of networks and devices. Trakopolis
has a diversified revenue stream from many verticals including oil
and gas, forestry, transportation, construction, rentals, urban
services, mining, government and others.
Disclaimer for Forward-Looking Information
This news release includes certain "forward-looking
statements" under applicable Canadian securities legislation that
are not historical facts. Forward-looking statements involve risks,
uncertainties, and other factors that could cause actual results,
performance, prospects, and opportunities to differ materially from
those expressed or implied by such forward-looking statements.
Forward-looking statements in this news release include, but are
not limited to, statements regarding: future sales of as part of
the Honeywell ConneXt Loneworker™ solution and expansion of the
relationship with Honeywell. Forward-looking statements are
necessarily based on a number of estimates and assumptions that,
while considered reasonable, are subject to known and unknown
risks, uncertainties and other factors which may cause actual
results and future events to differ materially from those expressed
or implied by such forward-looking statements. Such factors
include, but are not limited to: commercial success of the
Honeywell ConneXt Loneworker™ solution and sales of the solution
and other solutions under an expanded Honeywell relationship;
general business, economic and social uncertainties; litigation,
legislative, environmental and other judicial, regulatory,
political and competitive developments; those additional risks set
out in the Company's public documents filed on SEDAR at
www.sedar.com; and other matters discussed in this news release.
Although the Company believes that the assumptions and factors used
in preparing the forward-looking statements are reasonable, undue
reliance should not be placed on these statements, which only apply
as of the date of this news release, and no assurance can be given
that such events will occur in the disclosed time frames or at
all. Except where required by law, the Company disclaims any
intention or obligation to update or revise any forward-looking
statement, whether as a result of new information, future events,
or otherwise.
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
SOURCE Trakopolis IoT Corp.