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Trackx Holdings Inc.

TSXV Exchange | Aug 24, 2019, 10:39 AM EDT | Real-time price

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Port of Oakland Extends License for Security and Compliance Solution

DENVER, May 01, 2019 (GLOBE NEWSWIRE) -- TrackX Holdings Inc. (TSX.V:TKX | TKXHF:OTC | FRANKFURT:3TH) (“TrackX” or the “Company), a Software-as-a-Service (SaaS)-based enterprise asset management solution provider, announced the signing of a three-year contract in conjunction with a solution partner, ZDEVCO, for the delivery of its GAME (Global Asset Management for Enterprises) platform to the Port of Oakland. The Port of Oakland, one of the largest US ports, utilizes the TrackX software solution to monitor and manage access, security and port related activities. ZDEVCO, a technology partner specializing in port and marine terminal operations, plans to leverage the TrackX solution in extending its service offerings to other ports and intermodal yards nationwide. 

“As one of the nation’s largest ports, efficiency, compliance and security are top priorities for our Port of Oakland customer,” said Taso Zografos, President of ZDEVCO. “The TrackX team provides a comprehensive solution that captures and analyzes massive amounts of data from registries, internal databases, and RTLS (Real-Time Location System) hardware to manage process workflows, provide real-time visibility, maintain port security, and drive efficiency for the thousands of trucks entering the port daily.”

“We are very pleased to expand our relationship with ZDEVCO and the Port of Oakland,” stated Tim Harvie, CEO of TrackX. “TrackX is consistently working with our customers and our partners to provide innovative solutions that extend their core capabilities, automate business workflows, and deliver operating efficiency.”

TrackX’s GAME platform utilizes an RTLS (Real-time Location System) to track and manage over 1.2 million truck entries into the various Marine Terminal Operators at the port per year.   By integrating with Zebra Technologies’ WhereNet based truck identification system, TrackX helps monitor and provide real-time alerts to drayage trucks entering the port facilities.  This integration supports the Port’s STEP (Secure Truck Enrollment Program) maintaining compliance, security and access control through sharing of truck and driver information.

The GAME platform integrates and supports numerous systems and helps maintain compliance with government regulations and on-site security through a host of interfaces and workflows that ultimately provides a high degree of operational efficiency and customer service.

About TrackX

TrackX, Inc. (TSX.V:TKX), based in Denver, Colorado, is an enterprise asset management company deploying SaaS-based solutions leveraging multiple auto-ID and sensor technologies for the comprehensive tracking and management of physical assets. TrackX's GAME (Global Asset Management for Enterprises) platform enables the Industrial Internet of Things 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 and for customers in industries such as transportation, beverage, brewery, healthcare, hi-tech, hospitality, mining, agriculture, horticulture, manufacturing and government.

For more information, please contact:

Gene McConnell, TrackX Holdings Inc.
investor@trackx.com
303-325-7300

Sean Peasgood, Sophic Capital
Sean@SophicCapital.com 
647-361-8358

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.

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