PALO ALTO, Calif. and TORONTO, Dec. 31, 2019 (GLOBE NEWSWIRE) — Inpixon (Nasdaq: INPX), a number one indoor information firm that makes a speciality of delivering indoor intelligence, offered the next enterprise replace from the Firm’s CEO, Nadir Ali:
“As we shut out each a really busy 2019 and a decade of innovation, I might wish to replicate on the previous 12 months and in addition take this chance to share my imaginative and prescient for the longer term at Inpixon, particularly given all of the optimistic developments.
A Yr of Progress
The 12 months 2019 was filled with achievements for our staff. In February, we had been happy to be named by Gartner, a extremely revered know-how analyst, of their Magic Quadrant for indoor location companies, worldwide. It is a vital recognition of our platform and enhancements, as this previous 12 months we centered on interoperability and integration, embracing the facility and adaptability supplied by open and agnostic methods. This shift additional enhanced our potential to ingest information from quite a lot of completely different sources, akin to point-of-sale methods. This dedication to open architectures and interoperability has additionally meant that our ecosystem of companions and distributors has grown considerably within the final 12 months, increasing globally throughout verticals.
Most notably, we additionally made a number of strategic acquisitions this 12 months enabling us to construct out our know-how portfolio, securing new clients and opening up new entry factors to our enterprise. Within the spring, we acquired Locality Techniques, a video analytics know-how firm whose providing complemented Inpixon’s present options. This addition permits us to supply what we consider is without doubt one of the indoor positioning market’s most complete product traces for customer analytics and bodily cyber safety. Shortly after, we acquired a GPS know-how portfolio, to combine out of doors GPS with our indoor positioning system. On the finish of the summer time, we as soon as once more expanded our portfolio, this time by buying industry-leading indoor mapping firm, Jibestream. Lots of the use circumstances we goal to handle require geospatial context for location-based companies, and dynamic maps are probably the most intuitive interfaces to realize these outcomes and make indoor areas digitally addressable.
By way of these acquisitions, we obtained not solely industry-leading know-how, but additionally prime expertise and subject material specialists within the indoor intelligence area, a number of of whom have stepped into management roles at Inpixon the place they’re now increasing our buyer success, engineering, gross sales, and advertising packages. It was invigorating to see our new, bigger staff of clever and motivated folks come collectively and collaborate enthusiastically at our management summit in September, and once more for our November hackathon.
Along with constructing an distinctive staff, these acquisitions have helped us deliver collectively the important thing elements of a complete unified indoor information and site platform. As an indoor information firm, we focus on capturing, deciphering and giving context to indoor information. This distinctive and highly effective mixture of unified applied sciences supplies the foundational layer wanted to allow folks to harness the facility of indoor information and is unparalleled in our area. We’re dedicated to innovation and doing good with indoor information and are excited by the alternatives of what may be achieved when leveraging and giving context to indoor information. With our in depth portfolio of options and companies, we’re positioned to fulfill our clients the place they’re on their journey, with a purpose to create actionable indoor intelligence with a number of value and entry factors.
It’s an thrilling time to be within the indoor intelligence area. The worldwide marketplace for indoor location and analytics is estimated to achieve $54.6 billion by 2026 and the panorama is altering rapidly. Organizations are more and more recognizing the wealth of information that lies untapped of their buildings and we consider that our potential to supply all 4 of the important constructing blocks, clever mapping, positioning, analytic companies and growth instruments, required to make data collected from indoor areas throughout a mess of verticals and industries helpful and wealthy, creates a blue ocean alternative for Inpixon as at the moment one of many solely corporations that may supply this sort of end-to-end answer.
We goal to help these organizations, empowering them to make use of our platform to present their information that means, make it helpful, and enhance security and experiences indoors. We try to assist our clients create smarter and safer indoor areas to allow them to ship smarter and safer experiences to their clients. It was each gratifying and reaffirming to listen to from our clients this 12 months that with our options, their workers had been bodily safer and safer. As I look forward to 2020, I’m deeply motivated by the need to proceed to guard folks and their information, and to make use of that information respectfully to create distinctive and significant indoor experiences.
Shifting ahead into a brand new decade, an enormous focus of ours might be on persevering with to innovate with indoor information to develop worth for our clients by leveraging synthetic intelligence (AI) and massive information. Our engineering staff is exploring how we will develop our capability in these areas to permit clients to benefit from their indoor information in ways in which had been beforehand unfathomable. We additionally just lately introduced our plans for an Extremely-Wideband (UWB) module to ship centimeters-level positional accuracy for folks and belongings.
We intend to concentrate on unifying and branding our increasing portfolio of choices. As we begin the brand new 12 months, you’ll discover some modifications to our web site as we replace it to raised replicate the brand new full scope of our options. I hope you’ll be part of the dialog with us on LinkedIn, Twitter, and Fb as we assist organizations uncover what’s potential with indoor intelligence.
Inpixon stays absolutely dedicated to constructing shareholder worth, and we consider the inspiration we have in-built 2019, plus our improved money place because of the $6.5 million we raised this quarter by our ATM facility, will set the stage for a really optimistic 12 months in 2020 and past. We deeply respect the help of all of our stakeholders and sit up for the brand new 12 months.”
Inpixon® (Nasdaq: INPX) is an indoor information firm that makes a speciality of capturing, deciphering and giving context to indoor information so it may be translated into actionable intelligence. The corporate’s indoor location information platform ingests numerous information from IoT, third-party and proprietary sensors designed to detect and place all lively mobile, Wi-Fi and Bluetooth units, and makes use of a proprietary course of that ensures anonymity. Paired with a high-performance information analytics engine, patented algorithms, and superior mapping know-how, Inpixon’s options are leveraged by a mess of industries to do good with indoor information. This multidisciplinary depiction of indoor information allows customers to extend income, lower prices, and improve security. Inpixon clients can boldly benefit from location consciousness, analytics, sensor fusion and the Web of Issues (IoT) to uncover the untold tales of the indoors. For the most recent insights, observe Inpixon on LinkedIn, Twitter, and go to inpixon.com.
Secure Harbor Assertion
All statements on this launch that aren’t primarily based on historic truth are “forward-looking statements” inside the that means of the Personal Securities Litigation Reform Act of 1995 and the provisions of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Change Act of 1934, as amended. Whereas administration has primarily based any forward-looking statements included on this launch on its present expectations, the knowledge on which such expectations had been primarily based could change. These forward-looking statements depend on plenty of assumptions regarding future occasions and are topic to plenty of dangers, uncertainties and different elements, lots of that are exterior of the management of Inpixon and its subsidiaries, which may trigger precise outcomes to materially differ from such statements. Such dangers, uncertainties, and different elements embody, however aren’t restricted to, the fluctuation of financial situations, the efficiency of administration and workers, Inpixon’s potential to acquire financing, competitors, basic financial situations and different elements which are detailed in Inpixon’s periodic and present reviews obtainable for assessment at sec.gov. Moreover, Inpixon operates in a extremely aggressive and quickly altering atmosphere the place new and unanticipated dangers could come up. Accordingly, buyers mustn’t place any reliance on forward-looking statements as a prediction of precise outcomes. Inpixon disclaims any intention to, and undertakes no obligation to, replace or revise forward-looking statements.
Media relations and basic inquiries:
Electronic mail: email@example.com
Crescendo Communications, LLC
Tel: +1 212-671-1020
Electronic mail: INPX@crescendo-ir.com