TrackX Solution Platform Selected by Global Powersports Leader

DENVER, Feb. 27, 2018 (GLOBE NEWSWIRE) -- TrackX Holdings Inc. (TSX.V:TKX) (“TrackX” or the “Company), an enterprise Industrial Internet of Things (IIoT) software platform provider, announces that a global leader in the manufacture of high-quality, high-performance motorized products for recreation and utility use with over US$5 billion in annual revenue has entered into an agreement to deploy TrackX’s GAME (Global Asset Management for Enterprises) platform for yard management.

The initial yard management implementation will be at one of the customer’s multiple US manufacturing and distribution locations, leading to solution expansion opportunities with additional locations in the future.  The solution will incorporate hardware, recurring SaaS (Software as a Service) fees and delivery services required to configure TrackX’s GAME for SCM (Supply Chain Management) platform to meet the unique yard logistics processes of this customer.

“The breadth of solution offerings, versatility of the GAME platform, ease of systems integration and industry experience were important criteria in this new customer selecting TrackX,” said TrackX President and CEO Tim Harvie. “While the initial contract is specifically focused on the automation of operational processes within a distribution yard environment, discussions are also underway to further leverage GAME’s capabilities in other areas of the client’s business, including vehicle tracking.”

For the initial implementation, TrackX will deploy a combination of GPS and passive RFID technology to record trailer movements through entry and exit gates, maintain accurate inventory and trailer locations within the yard environment and dynamically dispatch tasks to the shunt drivers to maximize productivity. GAME’s advanced analytics will process all RFID tag driven event data to deliver further executable business intelligence to operations management. Once implemented, the solution will result in significant improvements in equipment utilization, operational efficiency throughout the entire process and labor savings across all yard related business processes.

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.                                                             

Sean Peasgood, Sophic Capital 

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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.