Inpixon Secures Sensor Order with Partner Sengex for U.S. Federal Government Customer
PALO ALTO, Calif. and TORONTO, March 16, 2020 /PRNewswire/ -- Inpixon (Nasdaq: INPX), a leading indoor data company that specializes in delivering indoor intelligence, today announced it has received an order for Inpixon Sensor 4000 products from Sengex, a division of SP Global Inc., for a current U.S federal government customer.
Inpixon's advanced wireless detection and positioning sensors can be used to monitor the presence of wireless transmissions in sensitive areas in order to comply with government regulations, such as those issued by various agencies, including the Department of Defense, Department of Energy, and the Committee on National Security Systems, all of which mandate the mitigation of mobile device security risks. Among other benefits, this allows customers to take advantage of increased worker productivity offered by permitting mobile devices in less secure areas while enabling the customer to enforce more stringent restrictions in more sensitive, no-phones areas.
"I believe Inpixon is an excellent fit for high-security government customers," noted James McKenzie, Senior Director of Sengex. "They have a unique offering in a number of respects. Their technology detects and positions cellular, Bluetooth and Wi-Fi signals, whereas many other wireless sensors can detect only Wi-Fi or Bluetooth. In addition, Inpixon's solution incorporates proprietary algorithms that have been honed over a number of years. In our experience, Inpixon has proven to be an effective solution for advanced wireless device detection."
"Sengex continues year after year to deliver quality sales, installation and support for U.S. government users of Inpixon solutions," commented Soumya Das, Inpixon COO. "Their expertise enables them to deftly handle sophisticated environments and demanding requirements, and we look forward to our continued mutual success."
Inpixon® (Nasdaq: INPX) is an indoor intelligence company that specializes in capturing, interpreting and giving context to indoor data so it can be translated into actionable intelligence. The company's indoor location and data platform ingests diverse data from IoT, third-party and proprietary sensors designed to detect and position all active cellular, Wi-Fi, UWB and Bluetooth devices, and uses a proprietary process that ensures anonymity. Paired with a high-performance data analytics engine, patented algorithms, and advanced mapping technology, Inpixon's solutions are leveraged by a multitude of industries to do good with indoor data. This multidisciplinary depiction of indoor data enables users to increase revenue, decrease costs, and enhance safety. Inpixon customers can boldly take advantage of location awareness, analytics, sensor fusion and the Internet of Things (IoT) to uncover the untold stories of the indoors. For the latest insights, follow Inpixon on LinkedIn, 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 performance of management and employees, Inpixon's ability to maintain compliance with Nasdaq's minimum bid price requirement and other continued listing requirements, including during a panel monitoring period ending on February 5, 2021, 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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Released March 16, 2020