TrackX and DENSO Partner to Offer Enhanced Solutions for the Automotive and General Manufacturing Industry

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| Source: TrackX Holdings Inc.

DENVER, March 06, 2018 (GLOBE NEWSWIRE) -- TrackX Holdings Inc. (TSX.V:TKX), an enterprise Industrial Internet of Things (IIoT) software platform provider, and DENSO Products and Services Americas, Inc., an affiliate of DENSO Corp., a leading supplier of advanced automotive technology, systems and components, have partnered to provide asset tracking and management solutions to the automotive industry. The two companies will collaborate and deploy solutions utilizing the TrackX GAME (Global Asset Management for Enterprises) platform and DENSO’s automotive component and industry expertise.

David Keller, business manager of DENSO Products and Services Americas, Inc., “Our partnership with TrackX enables us to offer RFID Asset Tracking services to our customers and enter the IIoT space with GAME software running on our DENSO RFID Handheld.  Customers simply tag the assets they would like to track, and then with the handheld, they are able to instantly conduct audits and locate their assets anywhere in the world in real time.”

DENSO contributes productivity improvements to many factories, shops and offices in support of customer innovation through Automatic Data Capturing, Industrial Robots, and Industrial Controllers for manufacturers. The partnership will advance the deployments of DENSO handheld devices with TrackX software capabilities to current and future customers to help increase productivity and efficiencies through advanced workflows, automatic detection and asset audits.

“We’ve demonstrated that we understand the needs of the automotive industry by winning and expanding GAME through one of America’s largest used-car dealers,” said Tim Harvie, TrackX’s President and CEO. “Our partnership with DENSO, an automotive parts supplier, leverages TrackX’s established experience in this important sector. DENSO’s RFID Handheld is a natural fit for GAME, and we believe that it will increase TrackX’s value proposition as we continue to penetrate the automotive market.”

About DENSO Corporation

DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world's major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions (including Japan) and employs more than 150,000 people. Consolidated global sales for the fiscal year ending March 31, 2017, totaled US$40.4 billion. Last fiscal year, DENSO spent 9.0 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.denso.com, or visit our media website at www.denso.com/global/en/news/media-center/

About TrackX

TrackX, based in Denver, Colorado, is an enterprise Industrial Internet of Things (IIoT) software platform provider leveraging multiple auto-ID technologies for the comprehensive tracking and management of physical assets. TrackX’s Global Asset Management for Enterprises (GAME) platform enables the IIoT by providing unique item level tracking, workflow processing, event management, alerts and powerful analytics to deliver solutions across a growing number of industries.  This platform creates unprecedented visibility and business intelligence of man-to-machine and machine-to-machine interaction.  TrackX delivers significant value to a growing list of Fortune 500 companies and for customers in industries such as transportation, beverage, brewery, healthcare, hi-tech, hospitality, mining, agriculture, horticulture, manufacturing and government.

For more information, please contact:

Gene McConnell, TrackX Holdings Inc.
investor@trackx.com
303-325-7300

Sean Peasgood, Sophic Capital
Sean@SophicCapital.com
416-565-2805 

Neither TSX Venture Exchange nor its Regulations 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.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. All statements that address future plans, activities, events or developments that the Company believes, expects or anticipates will or may occur including the Company’s anticipated pipeline and value of current and customer deployments and future opportunities are the managements best estimates and cannot be guaranteed or relied upon and is forward-looking information.  There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements in this news release, whether as a result of new information, future events or otherwise, except as required by law.