CALGARY, Oct. 24, 2017 /CNW/ - Trakopolis IoT Corp.
(TSXV: TRAK) ("Trakopolis" or the "Company") is
pleased to announce, expanding on its existing exclusive
partnership for Honeywell's ConneXt Loneworker, that Trakopolis and
Honeywell are proceeding with the integration of over 30 unique
wireless gas detection and specialized communication devices,
consisting of the entire wireless portfolio of RAE Systems, a
wholly-owned subsidiary of Honeywell International Inc.
Thanks to continued innovation at RAE Systems, Trakopolis will
now be able to offer an all encompassing personal and fixed gas
detection solution in tandem with local area communication network
technology, ideal for customers that have employees entering
hazardous work environments anywhere on Earth.
"With a major win in connected gas detection already fully
implemented we know that customers are demanding more options and
functionality to connect their entire organization. To
further our leadership position by quickly connecting such a vast
and powerful line of unique products is a true testament to our
innovative technology strategy. We look forward to working
with clients to deliver unmatched, comprehensive, end-to-end
industrial internet of things solutions" commented Brent Moore, Trakopolis' Chief Executive
Officer.
"Our long-held strategy of collaboration continues to create
crucial differentiation in the global safety and productivity
market. By rapidly accessing the entire RAE Systems wireless
portfolio through our world class API we propel the Trakopolis
platform beyond the competition for the foreseeable future. Major
corporations require an enterprise grade platform that can connect
everyone and everything and we are pleased to separate ourselves
even further from our industry peers in that regard. Having the
entire RAE Systems wireless portfolio connected to Trakopolis
enables us to provide substantially more to customers and opens the
entire multi-billion-dollar global gas detection market to
us. Our partnership with Honeywell gives Trakopolis brand
name recognition, established global sales and support channels,
major marketing horsepower and access to an unrivalled selection of
proven technologies, all with only a minimal R&D spend."
About RAE Systems
RAE Systems, Inc. is a leading global provider of rapidly
deployable connected, intelligent gas and radiation detection
systems that enable real-time safety and security threat detection.
RAE Systems products are used in more than 120 countries by many of
the world's leading corporations and government agencies. RAE
Systems offers a full line of wirelessly enabled solutions
including personal, hand-held, transportable, and fixed instruments
designed to meet the needs of any usage scenario.
RAE Systems' products are used by many U.S. and non-U.S.
government agencies as well as by numerous city and state entities
across the United States. RAE
Systems' gas detection solutions have become a standard for
companies within the energy production, refining, industrial and
environmental safety sectors for a wide range of personal and plant
safety and regulatory compliance applications.
RAE Systems is a proven technology leader that owns and
manufactures its own sensor technology. It holds over 18 chemical
sensor patents and has developed a proprietary photoionization
detector, wireless, and radiation-detection technologies.
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 personnel. 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; expected sales of products and solutions employing
RAE Systems devices; and the market opportunity of the global gas
detection market. 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 market opportunity in global gas detection not
being consistent with management's estimates; sales of products and
solutions employing RAE Systems devices to existing and new
customers not being consistent with management's estimates; general
business, economic and social uncertainties; litigation,
legislative, environmental and other judicial, regulatory,
political and competitive developments; those additional risks set
out in 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.