CALGARY, Nov. 20, 2017 /CNW/ - Trakopolis IoT Corp. (TSXV:
TRAK) ("Trakopolis" or the "Company") is pleased to
announce another strategically notable enterprise win resulting in
the addition of 267 new subscribers from a "Port-Over" where the
customer keeps their installed hardware and communications network
and simply switches to the Trakopolis platform.
"Customers that have made the investment in hardware and
installations are reluctant to switch and are increasingly
motivated to get more out of their investment by easily switching
to the Trakopolis platform. When the network and hardware are
portable the platform becomes the key differentiator." stated
Brent Moore, CEO of
Trakopolis. "Our focus on cloud-based enterprise grade
functionality combined with our open and agnostic approach is
proving to be the winning technology strategy. The Trakopolis
platform can quickly accommodate customers who recognize that
connecting your assets to a superior platform maximizes business
insights, safety and productivity. Successfully "porting
over" another enterprise customer underscores the proprietary
advantage of our technology and will meaningfully impact our
monthly recurring revenue (MRR) next quarter.
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.
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: the business and operations
of Trakopolis; and the timing of porting-over new customers from
their existing providers. 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 individual attributes of
potential port-over opportunities; other regulatory and competitive
developments; those additional risks set out in the 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.
SOURCE Trakopolis IoT Corp.