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Sysorex Announces $4 Million AirPatrol InstallationSysorex (NASDAQ:SYRX), a developer of high performance analytics software and solutions, today announced that it has received an approximately $4 million purchase order for its AirPatrol unified Real Time Locationing System (uRTLS) in connection with the installation of an asset tracking and employee management platform for a new planned worker community of 28,000 beds north of Doha in the State of Qatar. In addition to providing location-based asset tracking, AirPatrol will also provide welfare, security and convenience features for residents including keycards that open their rooms and offer contactless payment for personal items. Sysorex expects its project delivery to be completed in full by the third quarter of this year. The new community development is to be developed by Qatar-based Daruna Development ("Daruna"), a leading workers' accommodation community developer and operated by Networked Solutions Limited ("NSL"), a Middle East based integrated accommodation services provider. The Community is part of a series of integrated smart workers' communities in Qatar to house the nation's swelling migrant laborer population needed to construct infrastructure to meet Qatar's 2030 National Vision. Each of the new independent workers' accommodation communities are stand alone, self-contained communities with modern apartment style living quarters, tailored retail and dining, sports and recreation, entertainment, religious and healthcare facilities all within walking distance to residents' accommodation. This is the second Daruna project that Key Options, a Sysorex reseller based in Australia, and NSL, have entered into with Sysorex and its AirPatrol technology. Last year Sysorex, Key Options and NSL collaborated on a $91 million project that includes an AirPatrol installation in an initial 4,000 bed community currently under construction 30 miles North Westof Doha, Qatar. About Sysorex Sysorex develops the systems and solutions that power the data-driven enterprise. With an innovative approach to big data, analytics and the Internet of Things (IoT), we blend virtual data from software and networks with the huge volume of physical data generated by mobile devices and Internet-connected things to open new worlds of insight. Our unique solutions are helping organizations worldwide improve decision making, increase productivity, and fuel the discoveries of tomorrow. Headquartered in Palo Alto (News - Alert), California, we have regional offices in North America, South America, Europe and the Middle East. Visit www.sysorex.com, follow us @SysorexGlobal and Link up on LinkedIn. Safe Harbor Statement All statements in this release that are not based on historical fact are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. While management has based any forward-looking statements included in this release on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties and other factors, many of which are outside of the control of Sysorex and its subsidiaries, which could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include, but are not limited to, the fluctuation of global economic conditions, the performance of management and employees, the company's ability to obtain financing, competition, general economic conditions and other factors that are detailed in the company's periodic and current reports available for review at www.sec.gov. Furthermore, we operate in a highly competitive and rapidly changing environment where new and unanticipated risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. We disclaim any intention to, and undertake no obligation to, update or revise forward-looking statements.
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