Inpixon Contracts with Premier Automotive Vehicle Manufacturer to Provide Employee Experience App
PALO ALTO, Calif, Jan. 18, 2022 /PRNewswire/ -- Inpixon (Nasdaq: INPX), the Indoor Intelligence™ company, announced today it has contracted with a premier automotive vehicle manufacturer to provide Inpixon's smart office app for use at several of their workplace locations including the U.S. corporate headquarters campus and multiple international locations. The agreement includes up-front professional services fees and recurring revenue license fees totaling more than half a million dollars over the initial three-year term.
Inpixon believes the new client chose the Inpixon smart office app to help enhance the employee experience, stimulate collaboration, and enable more automated and paperless processes across the client's global network of offices.
"We're proud to provide our products and services to this client which many view as a dynamic, pioneering company," Nadir Ali, CEO of Inpixon, commented. "For organizations with multiple locations and numerous employees, it's important to provide solutions that enable workers to stay connected and engaged. Inpixon's custom-branded smart office app allows users not only to communicate with colleagues regardless of their location on-site or remote, but also to seamlessly interact with company resources and systems, all from a single smartphone app. We are pleased to have won this contract and believe it illustrates the continued momentum we are witnessing in the adoption of our solutions within large enterprises. We look forward to pursuing potential additional opportunities for our recently acquired industrial IoT (IIoT), smart warehouse and smart factory solutions with this client, to address the needs of both the business and industrial sides of their organization."
Employees of this Inpixon customer will be able to utilize their client-branded Android and iOS apps for the following functionality:
Inpixon® (Nasdaq: INPX) is the innovator of Indoor Intelligence™, delivering actionable insights for people, places and things. Combining the power of mapping, positioning and analytics, Inpixon helps to create smarter, safer, and more secure environments. The company's Indoor Intelligence and mobile app solutions are leveraged by a multitude of industries to optimize operations, increase productivity, and enhance safety. Inpixon customers can take advantage of industry leading location awareness, RTLS, workplace and hybrid event solutions, analytics, sensor fusion and the IoT to create exceptional experiences and to do good with indoor data. For the latest insights, follow Inpixon on LinkedIn, and Twitter, and visit inpixon.com.
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 Inpixon 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 economic conditions, the impact of COVID-19 on Inpixon's results of operations and global supply chain constraints, Inpixon's ability to integrate the products and business from recent acquisitions into its existing business, the performance of management and employees, the regulatory landscape as it relates to privacy regulations and their applicability to Inpixon's technology, Inpixon's ability to maintain compliance with Nasdaq's minimum bid price requirement and other continued listing requirements, the ability to obtain financing, competition, general economic conditions and other factors that are detailed in Inpixon's periodic and current reports available for review at sec.gov. Furthermore, Inpixon operates 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. Inpixon disclaims any intention to, and undertakes no obligation to, update or revise forward-looking statements.
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