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Trakopolis Publishes Blockchain White Paper and Updates Corporate Presentation, Including Key Performance Indicators

Tags: blockchain IoT Azure Microsoft Ethereum Interbit Hyperledger Fabric TRAK

Press Release | Mon January 29, 2018, 08:00 AM EST


We have begun complementing the Trakopolis platform with blockchain technology and look forward to delivering real value to end users.

CALGARY, Alberta , Jan. 29, 2018 (GLOBE NEWSWIRE) -- Trakopolis IoT Corp. (TSX-V:TRAK) ("Trakopolis" or the "Company") is pleased to announce it has published a Blockchain white paper and updated its corporate presentation. The Blockchain white paper and updated corporate presentation can both be found by clicking on this link: http://www.trakopoliscorp.com/investors/

“Blockchain technology is gaining in popularity alongside the global expansion of the cryptocurrency market it was originally conceived for,” stated Laine Hotte, CTO of Trakopolis. “The key concepts of a blockchain with decentralization and a resilient, secure network make this a natural target for use within the IoT marketplace.  The Trakopolis research team has been working with Microsoft’s BaaS (Blockchain as a Service) and we are expanding our cold chain management solution to benefit from blockchain based smart contract software with logistics delivery transactions that include IoT temperature sensor data.  Blockchain’s relevance in IoT can not be overstated and tangible use cases across our many industrial verticals are easily identifiable. We have begun complementing the Trakopolis platform with blockchain technology and look forward to delivering real value to end users.” 

About Trakopolis

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.

FOR FURTHER INFORMATION, PLEASE CONTACT

Brent Moore, President and Chief Executive Officer
Trakopolis IoT Corp.
Telephone: (403) 450-7854
Email: bmoore@trakopolis.com

Ron Shuttleworth
Oak Hill Advisors
Telephone: (416) 487-9050
Email: ron@oakhilladvisors.ca

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 updated estimated key performance indicators and management’s expectation to deliver future value to end users by utilizing blockchain technologies. 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 identification of suitable opportunities to utilize blockchain technologies; the commercial success of any such opportunities; and those additional risks set out in the Trakopolis’ public documents filed on SEDAR at www.sedar.com. 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.

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Press Release | Mon January 29, 2018, 08:00 AM EST


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