DENVER, Jan. 25, 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 leading, household appliance
manufacturer has selected TrackX to implement yard distribution and supply chain logistics solutions. The initial implementation
will be at one of the customer’s principal U.S. manufacturing and distribution facilities with 3 additional U.S. locations
identified for deployment in 2018. The solution includes hardware and recurring SaaS (Software as a Service) fees as well as
professional services to integrate with existing Enterprise Resource Planning (ERP) software.
In the first phase of deployment, TrackX’s GAME (Global Asset Management for Enterprises) for Supply Chain
Management (SCM) software platform will focus on optimizing yard, dock and gate related business activities. In the yard, GAME for
SCM provides real-time equipment visibility utilizing a variety of IIoT devices to enable real-time tracking of transportation
equipment and trailers throughout a large business park. GAME for SCM will manage the arrival, departure and inventory of all
transportation equipment within the facility. It will also dynamically assign tasks to the shunt drivers responsible for the
movement of trailers to and from inventory locations, at the distribution docks and between facilities. The result will include:
improved equipment utilization, efficient labor management, increased efficiency at the dock, a reduction in carrier detention
charges, improved security and accountability at the gate, accurate inventory, and labor savings across all yard related business
processes. Future expansions could include returnable container tracking and further optimization of other high value assets.
“We are excited to be working with another multi-billion dollar enterprise that is spearheading IIoT initiatives
to optimize their supply chain,” said Tim Harvie, TrackX President and CEO. “This customer, a leader within their industry, fully
understands that asset tracking and inventory management are fundamental competitive advantages, and we’re proud that they have
chosen TrackX to increase efficiencies within their operations.”
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 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:
Sean Peasgood, Sophic Capital
Sean@SophicCapital.com
416-565-2805
Aaron Lamkin, TrackX Holdings, Inc.
investor@trackx.com
303.325.7300
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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.