Trakopolis* (TRAK : TSX-V : $0.99), Net Change: 0.09, % Change: 10.00%, Volume: 27,700
Mullen Group* (MTL : TSX : $15.66), Net Change: 0.46, % Change: 3.03%, Volume: 114,669
TRAK-ING HIGHER. On Wednesday, Trakopolis announced that it received some backing from the Mullen Group to advance the continuing development of a logistics platform called MoveitOnline. The platform incorporates load sharing technology developed by Trakopolis and is being significantly enhanced and relaunched by Mullen Group to create a real-time cloud-based freight exchange hosted on Microsoft's (MSFT) Azure. Richard Maloney, Senior VP of Mullen Group, said, "Trakopolis' expertise in load sharing and mobile technology was a key factor in our decision to invest in Trakopolis. We look forward to working with Trakopolis as we build out our MoveItOnline platform." 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 closed its previously-announced private placement selling 2.2 million units at a price of $0.90 per unit. Each unit consists of one share and one share purchase warrant at a exercisable price of $1.20. The company's asset management platform works across a variety of networks and devices. As such, its revenue stream is diversified through oil and gas, forestry, transportation, construction, rentals, urban services, mining, and government.