Trakopolis Receives Strategic Investment From Mullen Group
CALGARY, Sept. 6, 2017 /CNW/ - Trakopolis IoT Corp. ("Trakopolis" or the "Company") (TSX VENTURE: TRAK) is pleased to announce that it has received a strategic investment from Mullen Group Ltd. (TSX: MTL) to advance the ongoing development of a logistics platform called MoveitOnline. The platform incorporates load sharing technology developed by Trakopolis and is being significantly enhanced and relaunched by Mullen Group to create a real-time cloud based freight exchange hosted on Microsoft Azure.
Richard J. Maloney, Senior Vice President of Mullen Group Ltd. stated "Trakopolis' expertise in load sharing and mobile technology was a key factor in our decision to invest in Trakopolis. We look forward to working with Trakopolis as we build out our MoveItOnline platform."
"We are excited to be entering into a partnership with Mullen Group to revolutionize real time load sharing processes across Mullen's numerous business units and create an advanced logistics ecosystem accessible by Mullen's substantial affiliate carriers throughout North America," stated Brent Moore CEO of Trakopolis. "Leveraging Trakopolis' expertise in location based services, cloud and mobile technology and combining that with Mullen's tremendous market presence, positions both companies to rapidly capitalize on an increasingly connected industry."
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 workers. 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.
Disclaimer for 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 development of the MoveitOnline platform. 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 ability to successfully develop MoveitOnline with the Mullen Group; general business, economic and social uncertainties; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; those additional risks set out in Trakopolis' and Mullen Group's 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.
Brent Moore, President and Chief Executive Officer, Trakopolis IoT Corp., Telephone: (403) 450‐7854, Email: [email protected]
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