TrackX Announces Enterprise-Wide Expansion for Global Powersports Company

DENVER, Nov. 19, 2020 (GLOBE NEWSWIRE) -- TrackX Holdings Inc. (TSX.V:TKX | OTC:TKXHF | FRANKFURT:3TH) ("TrackX" or the "Company), a Software-as-a-Service (SaaS) based enterprise asset management and supply chain solutions provider, announces that it has entered Phase 2 of its Global Asset Management for Enterprises (GAME) implementation expanding its digital supply chain footprint to track and trace recreational vehicles for an existing U.S. customer that is a global leader in powersports vehicles.  

In Phase 1, TrackX implemented its GAME solution platform for real-time tracking of R&D vehicles leveraging GPS technology. In Phase 2, the GAME platform provides integration with the customer's existing core enterprise applications for a centralized source of vehicle tracking data and flow. The integration of GAME as the backbone to expand upon customer's existing enterprise solutions will ensure that vehicle information is readily available throughout the enterprise to support critical business decision making. Within scope for phase 2 is also the expansion of the vehicle management solution across multiple household name brands for this customer.

With the GAME solution deployed for real-time vehicle tracking and enterprise data integration, the customer is enabled with a comprehensive supply chain solution capability. In the future, it will be possible for the customer to leverage the GAME platform to automate other supply chain processes including returnable transport item management, supply tracking and management, operational task management, and shipping and receiving.

"A solution partner that can deliver real-time supply chain visibility and efficiency at an enterprise level is essential in supporting the vehicle inventory demands of such an innovative powersports company with a diverse portfolio of best-in-class brands," said Tim Harvie, TrackX CEO and President. "This expansion validates the value, capability and scalability of TrackX's solutions with GAME providing a single source of record for real-time vehicle status, location, availability and other information necessary to support critical operational decision making ultimately leading to increased supply chain velocity."

About TrackX

TrackX, Inc. (TSX.V: TKX), based in Denver, Colorado, is a supply chain solutions company leveraging multiple auto-ID and sensor technologies and an event driven software platform to provide transparency and velocity to the world's most complex supply chains. TrackX's Global Asset Management for Enterprises (GAME) platform enables the Industrial Internet of Things (IIoT) by providing unique item level tracking, workflow processing, event management, alerting and powerful analytics to deliver solutions across a growing number of industries. TrackX delivers significant value to a growing list of Fortune 500 companies in industries such as transportation, beverage, brewery, hi-tech, hospitality, mining, horticulture, manufacturing, and government.

www.trackx.com

For more information, please contact:

Gene McConnell, TrackX Holdings Inc.
[email protected]
303-325-7300

Neither TSX Venture Exchange nor its Regulations 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.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. All statements that address future plans, activities, events or developments that the Company believes, expects or anticipates will or may occur including the Company's anticipated pipeline and value of current and customer deployments and future opportunities are the managements best estimates and cannot be guaranteed or relied upon and is forward-looking information. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements in this news release, whether as a result of new information, future events or otherwise, except as required by law.