CALGARY, April 11, 2017 /CNW/ - Trakopolis IoT Corp. ("Trakopolis" or the "Company") (TSX VENTURE: TRAK) is pleased to announce a renewed and expanded partnership to market Honeywell's ConneXt Loneworker™ safety solution.
In connection with entering into the renewed agreement, Trakopolis and Honeywell will expand their joint sales and marketing efforts globally. In addition, the companies will collaborate on strategies to utilize the Trakopolis IoT Platform with other Honeywell connected safety products.
Honeywell's ConneXt Loneworker helps companies ensure the safety of workers in the energy, utility and construction industries, whose employees often work in remote locations out of cell phone range. The solution includes a wearable, wireless gas detector, a satellite uplink for the worker's vehicle and Cloud technology from Trakopolis to optimize field operations. The technology also enables workers to alert the company immediately if they become injured and need help – even if they are out of cell phone range.
Brent Moore, CEO of Trakopolis stated, "We're excited to broaden our partnership with Honeywell. The renewal of this exclusive agreement is a result of both companies' belief in the ConneXt Loneworker product, and its efforts to continue to develop innovative, connected solutions."
"Honeywell safety products help protect more than 500 million workers around the world every day," said Ken Schmidt, general manager-gas detection for Honeywell Industrial Safety. "We believe connected safety solutions using Trakopolis' Cloud technology will help us to better protect workers and provide employers with the data and intelligence they need to improve their operations' productivity and efficiency."
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.
Disclaimer for 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: future sales of as part of the Honeywell ConneXt Loneworker™ solution and expansion of the relationship with Honeywell. 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: commercial success of the Honeywell ConneXt Loneworker™ solution and sales of the solution and other solutions under an expanded Honeywell relationship; general business, economic and social uncertainties; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; 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.
SOURCE Trakopolis IoT Corp.
For further information: Brent Moore, President and Chief Executive Officer, Trakopolis IoT Corp., Telephone: (403) 450-7854, Email: email@example.com; The Howard Group Inc., Dave Burwell, Vice President, Tel: (403) 221-0915, Toll Free: 1-888-221-0915, Email: firstname.lastname@example.org