CALGARY, Alberta, Dec. 13, 2017 (GLOBE NEWSWIRE/KOREA IT TIMES) -- Trakopolis IoT Corp. (TSXV:TRAK) ("Trakopolis" or the "Company") is pleased to announce that it has entered into an agreement with a Texas-based oilfield services company specializing in transportation management of fluids and proppant, for an initial sale of 60 subscriptions of the ConneXt LoneWorkerTM gas detection solution, powered by Trakopolis.
Brent Moore, CEO of Trakopolis, stated, “The ConneXt LoneWorkerTM solution that Trakopolis and Honeywell have created brings both safety and productivity together to provide unrivalled insight and oversight to customers with “at risk” employees where every minute matters and every dollar counts. We are pleased with the short sales cycle with this new customer as our channel enablement focus continues to evolve and our average revenue per unit (ARPU) trends upward.”
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
Ron Shuttleworth
Oak Hill Advisors
Telephone: (416) 487-9050
Email: ron@oakhilladvisors.ca
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: improvements in ARPU; the improvement of our sales and integration processes; and continued expansion through customer growth in the US market. 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: general business, economic and social uncertainties; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; our ability to improve upon operational processes; those additional risks set out in the Company’s public documents filed on SEDAR at www.sedar.com; and other matters discussed in this news release. 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
