CALGARY, Alberta, May 15, 2019 (GLOBE NEWSWIRE) -- Trakopolis IoT Corp. (TSXV: TRAK) ("Trakopolis" or the "Company”) is pleased to announce it has received an initial purchase order for 197 units from a leading energy producer with operations in Northern Alberta.

Trakopolis CEO Brent Moore stated, “This initial purchase order marks the second enterprise win so far in 2019 and is a testament to our enterprise grade platform. We expect this account to materially expand throughout 2019 as the Canadian Energy sector continues to show signs of recovery.”

This tier 1 Energy company will deploy 3 different hardware devices to gain visibility into the location and status of heaters, generators, light plants, pickup trucks, Y switches in fluid transfer infrastructure and a variety of industrial pumps.

“Trakopolis recognizes the critical aspects of vendor qualification and the importance of this criteria for selecting a technology partner,” stated Trakopolis CTO Laine Hotte. “Working with a large enterprise customer requires detailed discussion and the evaluation of all aspects of our business, such as: physical facility and application access security, privacy policies, resilient data management strategies, compliance for sensitive data, platform availability and disaster planning. Hosting our platform within the Microsoft Azure environment gives us the tools to effectively manage all aspects of this infrastructure.”

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.

For further information please contact:

Brent Moore, President and Chief Executive Officer
Trakopolis IoT Corp.
Telephone: (403) 450-7854
Email: bmoore@trakopolis.com

Forward-looking Statements

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 the expectation of the account to expand materially in 2019. 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: activation of units by end users; commercial success of our products and services; general business, economic and social uncertainties; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; and those additional risks set out in the Company's public documents filed on SEDAR at www.sedar.com. 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.