Press Release | Tue October 24, 2017, 07:45 AM EST
To further our leadership position by quickly connecting such a vast and powerful line of unique products is a true testament to our innovative technology strategy.
Calgary, Alberta – October 24th, 2017 - Trakopolis IoT Corp. (TSXV: TRAK) ("Trakopolis" or the "Company") is pleased to announce, expanding on its existing exclusive partnership for Honeywell’s ConneXt Loneworker, that Trakopolis and Honeywell are proceeding with the integration of over 30 unique wireless gas detection and specialized communication devices, consisting of the entire wireless portfolio of RAE Systems, a wholly-owned subsidiary of Honeywell International Inc.
Thanks to continued innovation at RAE Systems, Trakopolis will now be able to offer an all encompassing personal and fixed gas detection solution in tandem with local area communication network technology, ideal for customers that have employees entering hazardous work environments anywhere on Earth.
“With a major win in connected gas detection already fully implemented we know that customers are demanding more options and functionality to connect their entire organization. To further our leadership position by quickly connecting such a vast and powerful line of unique products is a true testament to our innovative technology strategy. We look forward to working with clients to deliver unmatched, comprehensive, end-to-end industrial internet of things solutions" commented Brent Moore, Trakopolis' Chief Executive Officer.
“Our long-held strategy of collaboration continues to create crucial differentiation in the global safety and productivity market. By rapidly accessing the entire RAE Systems wireless portfolio through our world class API we propel the Trakopolis platform beyond the competition for the foreseeable future. Major corporations require an enterprise grade platform that can connect everyone and everything and we are pleased to separate ourselves even further from our industry peers in that regard. Having the entire RAE Systems wireless portfolio connected to Trakopolis enables us to provide substantially more to customers and opens the entire multi-billion-dollar global gas detection market to us. Our partnership with Honeywell gives Trakopolis brand name recognition, established global sales and support channels, major marketing horsepower and access to an unrivalled selection of proven technologies, all with only a minimal R&D spend.”
About RAE Systems
RAE Systems, Inc. is a leading global provider of rapidly deployable connected, intelligent gas and radiation detection systems that enable real-time safety and security threat detection. RAE Systems products are used in more than 120 countries by many of the world's leading corporations and government agencies. RAE Systems offers a full line of wirelessly enabled solutions including personal, hand-held, transportable, and fixed instruments designed to meet the needs of any usage scenario.
RAE Systems' products are used by many U.S. and non-U.S. government agencies as well as by numerous city and state entities across the United States. RAE Systems' gas detection solutions have become a standard for companies within the energy production, refining, industrial and environmental safety sectors for a wide range of personal and plant safety and regulatory compliance applications.
RAE Systems is a proven technology leader that owns and manufactures its own sensor technology. It holds over 18 chemical sensor patents and has developed a proprietary photoionization detector, wireless, and radiation-detection technologies.
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 personnel. 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
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; expected sales of products and solutions employing RAE Systems devices; and the market opportunity of the global gas detection 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: the market opportunity in global gas detection not being consistent with management’s estimates; sales of products and solutions employing RAE Systems devices to existing and new customers not being consistent with management’s estimates; general business, economic and social uncertainties; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; those additional risks set out in 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.
Press Release | Tue October 24, 2017, 07:45 AM EST