CALGARY, Nov. 20, 2017 /CNW/ - Trakopolis IoT Corp. (TSXV: TRAK) ("Trakopolis" or the "Company") is pleased to announce another strategically notable enterprise win resulting in the addition of 267 new subscribers from a "Port-Over" where the customer keeps their installed hardware and communications network and simply switches to the Trakopolis platform.
"Customers that have made the investment in hardware and installations are reluctant to switch and are increasingly motivated to get more out of their investment by easily switching to the Trakopolis platform. When the network and hardware are portable the platform becomes the key differentiator." stated Brent Moore, CEO of Trakopolis. "Our focus on cloud-based enterprise grade functionality combined with our open and agnostic approach is proving to be the winning technology strategy. The Trakopolis platform can quickly accommodate customers who recognize that connecting your assets to a superior platform maximizes business insights, safety and productivity. Successfully "porting over" another enterprise customer underscores the proprietary advantage of our technology and will meaningfully impact our monthly recurring revenue (MRR) next quarter.
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.
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 business and operations of Trakopolis; and the timing of porting-over new customers from their existing providers. 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: the individual attributes of potential port-over opportunities; other regulatory and competitive developments; those additional risks set out in the Trakopolis' public documents filed on SEDAR at www.sedar.com; and other matters discussed in this news release. Although Trakopolis 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, Trakopolis 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 protected]; Ron Shuttleworth, Oak Hill Advisors, Telephone: (416) 487-9050, Email: [email protected]