CALGARY, Sept. 6, 2017 /CNW/ - Trakopolis IoT Corp.
("Trakopolis" or the "Company") (TSX VENTURE: TRAK)
is pleased to announce that it has received a strategic investment
from Mullen Group Ltd. (TSX: MTL) to advance the ongoing
development of a logistics platform called MoveitOnline. The
platform incorporates load sharing technology developed by
Trakopolis and is being significantly enhanced and relaunched by
Mullen Group to create a real-time cloud based freight exchange
hosted on Microsoft Azure.
Richard J. Maloney, Senior Vice
President of Mullen Group Ltd. stated "Trakopolis' expertise in
load sharing and mobile technology was a key factor in our decision
to invest in Trakopolis. We look forward to working with Trakopolis
as we build out our MoveItOnline platform."
"We are excited to be entering into a partnership with Mullen
Group to revolutionize real time load sharing processes across
Mullen's numerous business units and create an advanced logistics
ecosystem accessible by Mullen's substantial affiliate carriers
throughout North America," stated
Brent Moore CEO of Trakopolis. "Leveraging Trakopolis'
expertise in location based services, cloud and mobile technology
and combining that with Mullen's tremendous market presence,
positions both companies to rapidly capitalize on an increasingly
connected industry."
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 development of the
MoveitOnline platform. 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: the ability to successfully develop MoveitOnline
with the Mullen Group; general business, economic and social
uncertainties; litigation, legislative, environmental and other
judicial, regulatory, political and competitive developments; those
additional risks set out in Trakopolis' and Mullen Group's public
documents filed on SEDAR at www.sedar.com; and other matters
discussed in this news release. Although Trakopolis 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, Trakopolis 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.