News | March 27, 2019

TrackX To Implement Linen Management Solution For International Hotel Chain

Denver, CO (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, today announced that it will deploy it’s GAME (Global Asset Management for Enterprises) solution for hotel linen and towel tracking in the first of 12 locations for a multi-national hotel chain. The solution will initially track and manage all hotel linens and towels creating visibility to inventory, reducing loss and theft, and facilitating accountability of third-party laundry service providers.

“In addition to a continued focus on our ‘Land & Expand’ strategy, we continue to add to our pipeline of new customers,” stated Tim Harvie, CEO of TrackX. “Like other industries, the hotel and hospitality industry is challenged to more effectively manage their high-valued assets. The solution showcases the configurability of the GAME platform in addressing the asset management needs of the hospitality industry. While we will initially focus on the tracking of linens and towels for this customer, the solution will easily scale to support the management of other hotel assets.”

By utilizing a network of RFID readers and antennas supplied by Alien Technology as well as handheld RFID scanners, the solution will identify RFID tagged linens as they pass through established gateways at the laundry chutes, linen storage closets and to and from laundry service providers. Comprehensive analytics will aid the customer in more effectively managing their linen inventories and ensuring accountability across their supply chain.

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.

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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SOURCE: TrackX Holdings Inc.