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Source: Trackx Holdings Inc.

TrackX Completes Phase 1 Deployment for America’s Second Largest Insurance Company

First Phase Deployed across 16 Locations, Supporting over 115,000 Assets

DENVER, Jan. 17, 2019 (GLOBE NEWSWIRE) -- TrackX Holdings Inc. (TSX.V:TKX | FRANKFURT:3TH) (“TrackX” or the “Company), a Software-as-a-Service (SaaS)-based enterprise asset management solution provider, today announced that it has successfully completed the phase 1 deployment of TrackX GAME (Global Asset Management for Enterprises) throughout America’s second largest insurance company.  The GAME deployment focuses on IT Asset Management (ITAM) for the customer and supports more than 115,000 assets under management across 16 administrative facilities and data centers.  The successful “Go Live” leverages the implementation of TrackX Connect in order to integrate with BMC Helix Remedy (“BMC”), an industry-leading IT service management solution. Tight integration with BMC ensures that all changes within BMC are synchronized with TrackX GAME including all activities and events regarding the physical movement of assets. The net result is real-time asset visibility, accurate asset inventory and improved audit compliance for the customer.

“Our client’s commitment to an enterprise deployment of GAME along with the integration to BMC Remedy OnDemand has created a valuable IT Asset Management platform that provides real-time, accurate asset count, location, lifecycle management, and cost calculations to streamline audit and compliance procedures,” stated Tim Harvie, CEO of TrackX. “TrackX is committed to continuous innovation, and this integration to BMC Remedy OnDemand is a tremendous step for the company to demonstrate the GAME platform’s value and flexibility.”

Completing the first phase of this customer deployment highlights another example of TrackX’s commitment to its “Land & Expand” strategy, providing value both today and into the future for our customers.  With SaaS-based deployment, multi-location support, complex workflow processing,  ease of integration, and business analytics, GAME continues to be a leader in complex Enterprise Asset Management deployments.

About TrackX

TrackX, Inc. (TSX.V:TKX ), based in Denver, Colorado, is an enterprise asset management company deploying SaaS-based solutions leveraging multiple auto-ID and sensor 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, alerting and powerful analytics to deliver solutions across a growing number of industries. 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 
647-361-8358

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.