TrackX Extends Channel Partnership Network with the Addition of RACO Industries

DENVER, June 26, 2018 (GLOBE NEWSWIRE) -- TrackX Holdings Inc. (TSX VENTURE:TKX) (FRANKFURT:3TH) (“TrackX” or the “Company”), a Software-as-a-Service (SaaS)-based enterprise asset management solution provider, announces the signing of a reseller agreement with RACO Industries, LLC (“RACO”). RACO is a leading integrator of handheld and wireless mobility solutions that enhance productivity and services of the mobile workforce.

“Several RACO customers have sought ways to leverage existing IoT systems that we’ve installed,” said Don Mech, VP of Sales at RACO. “We’ve found that TrackX’s GAME seamlessly integrates with our customers’ data collection hardware and software, giving them the potential to expand beyond the scope of their initial deployments. This is a win-win for RACO because as our customers ask for more functionality, we’ll be able to funnel data from a diverse set of tracking solutions through GAME without burdening our customers with multiple proprietary software packages that typically don’t work together. We know of no other solution like GAME for this common industry problem.”

“Expanding our channel partner network is one of TrackX’s key business strategies in growing our business,” said Tim Harvie, President and CEO of TrackX. “RACO’s reputation as a hardware and solutions integrator has been well earned over their 30 years of operations. RACO understands asset tracking, supply chain management and operational processes across many industries.  We’re proud that they’ve endorsed GAME as a means to support increasing demand for business intelligence and IoT solutions from their customers.”

About RACO Industries, LLC

RACO Industries, LLC is an industry-leading integrator of mobile data collection solutions, ID card printing systems, mobile content deployment, wireless data and IoT solutions. RACO’s business solutions encompass most barcoding, card, and GPS applications to enhance productivity and services of the mobile workforce. RACO Industries provides clients with real-time visibility to their mobile information at the point of service. Our customer base of logistics, healthcare, manufacturing and service organizations rely on RACO to improve efficiencies and reduce costs.

About TrackX

TrackX, based in Denver, Colorado, is an enterprise Industrial Internet of Things (IIoT) software platform provider leveraging multiple auto-ID technologies for the comprehensive tracking and management of physical assets. TrackX’s Global Asset Management for Enterprises (GAME) platform enables the IIoT by providing unique item level tracking, workflow processing, event management, alerts and powerful analytics to deliver solutions across a growing number of industries.  This platform creates unprecedented visibility and business intelligence of man-to-machine and machine-to-machine interaction.  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.

© 2018 GlobeNewswire, Inc. All Rights Reserved.