Acquisitions to establish relationships with blue chip companies and market leaders
Acquired Inpixon Positioning Inpixon as a one-stop shop that provides comprehensive location intelligence solutions for the corporate and industrial aspects of the organization
Palo Alto, California, December 9, 2021/PRNewswire/-Inpixon (NASDAQ: INPX), Indoor Intelligence™, today announced that it has signed a definitive agreement to acquire the leading IntraNav GmbH ( "INTRANAV"). Industrial Internet of Things (IIoT), real-time location system (RTLS) and sensor data service provider. INTRANAV's customers are generally large companies with annual revenues of billions, including Siemens Energy, TB International, Festo, PERI, and international industry leaders in the fields of agriculture and construction machinery, aerospace, intralogistics and manufacturing.
INTRANAV is an industrial automation company headquartered in Germany, focusing on advanced location-aware technology to help organizations realize the benefits of Industry 4.0, including smart factories, smart warehouses, virtual manufacturing, paperless factories, virtual yard management, and digital supply chains . INTRANAV's flagship product is its enterprise-class, multi-technology, real-time positioning system (RTLS) IoT platform INTRANAV.IO, which can consume, process and present data from almost any other device or system. INTRANAV's INTRALYTICS data analysis software and INTRANAV.APP mobile and desktop applications complement the IoT platform. INTRANAV also provides a series of proprietary smart sensors, including tags for unmanned transportation systems, automated guided vehicles, smart pallets, etc., which can utilize UWB, RFID, GPS, Wi-Fi and LTE cellular networks. Other products provided with partners add NFC, BLE and Wirepas Massive functions to the product.
Robert Diener, a key expert in the manufacturing process and senior project manager at Siemens Energy, said: “We are using the INTRANAV solution to manage powder tracking in the additive manufacturing facility in Finspan, Sweden. The INTRANAV RTLS solution has helped us greatly improve our The powder processing process in the transparency workshop."
Stephan Schraml, Director of the Technology Center and Scaffolding Leading Factory Günzburg, has collaborated with PERI Werk Günzburg GmbH, which is one of the world’s largest manufacturers of formwork and scaffolding systems, with revenues of more than 11.5 billion euros in 2020. He commented: “We We are using the INTRANAV solution for indoor tracking of our semi-finished product transport racks and found their solution can help us solve the supply chain problem in production. We can now predict the arrival time and quantity of the next workstation in time. INTRANAV joins Inpixon's voice Convincingly, I look forward to exploring the potential uses of Inpixon location intelligence and application solutions for the corporate side of our business."
Inpixon CEO Nadir Ali said: "This acquisition will make us the core of the fourth industrial revolution, commonly referred to as Industry 4.0." "As Industry 4.0 uses the Internet of Things and cloud computing to achieve horizontal and The digitization of the vertical value chain, commodity manufacturing and raw material processing are in another wave of modernization. INTRANAV will bring new and comprehensive products and technologies, as well as a wide range of IP portfolios to strengthen our existing RTLS product line. What’s important is that through INTRANAV’s IoT platform, we will connect to the end users of industrial solutions, just like our CXApp connects users through our enterprise workplace solutions, enabling “we provide an excellent experience for smart factories , Smart warehouses and smart enterprise parks provide power. Through INTRANAV, we believe that Inpixon will be able to create important opportunities for our business growth in this huge market. "
INTRANAV was founded in 2014 by Ersan Günes, Chief Product and Technology Officer, and Gonzalo Ibarra, Chief Operating Officer. In 2020, Andreas Radix will join the management team as CEO to further expand the scale of the business. He and the founder will continue to lead the INTRANAV management team within Inpixon.
Andreas Radix of INTRANAV said: "This is a very exciting time to join Inpixon. In recent months, our team has discovered more sales opportunities than we can reasonably solve. Now, with Inpixon's resources and complementary products , I believe we will have unparalleled solutions to capture the extraordinary opportunities in the Industrial Internet of Things market."
Ersan Günes of INTRANAV added: “Since our establishment, we have been focusing on developing cutting-edge technologies and providing data-driven solutions for warehouses, distribution centers, and production lines, enabling large, first-class companies to optimize production and internal logistics. We are proud Bring our award-winning solutions to Inpixon and make major strategic enhancements to the Inpixon indoor intelligence platform."
Soumya Das, Chief Operating Officer of Inpixon, commented: "I am excited about Inpixon's prospects for substantial growth in the dynamic IIoT market. As is generally recognized, Inpixon provides a mature full-stack location intelligence platform that can support multiple use cases and industry reasons. Provided by independent researchers, we believe this will allow us not only to sell to the industrial side of the house, but also to the business side, the latter can use our employee experience app and mixed activity platform, all of which are based on our smart map , Positioning technology, and analysis."
INTRANAV's research with customers confirms that using the INTRANAV solution to integrate with leading ERP systems (such as SAP) can save a lot of time. Compared with traditional methods, the savings include the following:
Warehousing: unloading, counting and arranging goods: 23% faster
Storage: identify and pick up goods, find available shelves, unload: 37% faster
Outbound: Find, load, transport, and unload at the outbound station (preliminary data): 42% faster
Frequently asked questions about this announcement can be found in the frequently asked questions provided here.
According to the terms of the share sale and purchase agreement dated December 8, 2021, Inpixon will acquire 100% of the issued shares of IntraNav through its wholly-owned subsidiary Nanotron Technologies, GmbH as the buyer. The transaction is expected to be completed on or around December 9, 2021. Additional information about the transaction (including terms) will be provided in the current report on Form 8-K, which will be submitted to the U.S. Securities and Exchange Commission. With this deal.
INTRANAV is a German real-time location and sensor data service provider that provides digital twin integration for industrial platforms. The INTRANAV RTLS IoT platform digitizes and distributes the real-time location data of industrial goods and transportation vehicles to centimeter-level accuracy, and significantly improves efficiency and process reliability through Auto-ID and other logistics and production process automation solutions, paperless factories , AGV management, vehicle navigation, real-time logistics and workshop management to realize smart factories or digital supply chains. In addition to the digital twin's real-time data application, INTRANAV also provides intelligent real-time location analysis through a platform suite that enables the company to identify important process optimizations and make data-based decisions. INTRANAV's customers and partners are global companies such as Siemens Energy, PERI, Festo, SAP, Wirepas and German Edge Cloud (GEC). For more information, please visit intraav.com.
Inpixon® (NASDAQ: INPX) is the innovator of Indoor Intelligence™, providing actionable insights into people, places and things. Inpixon combines the powerful functions of mapping, positioning and analysis to help create a smarter, safer and safer environment. The company's indoor intelligence and mobile application solutions are used by many industries to optimize operations, increase productivity, and enhance safety. Inpixon customers can leverage industry-leading location awareness, real-time positioning systems, workplace and mixed event solutions, analytics, sensor fusion, and the Internet of Things to create superior experiences and make good use of indoor data. For the latest insights, follow Inpixon on LinkedIn and Twitter, and visit inpixon.com.
All statements in this press release that are not based on historical facts are "forward-looking statements" as referred to in Sections 27A (as amended) and 21E of the Private Securities Litigation Reform Act of 1995 and the Securities Act of 1933 (as amended) and 21E. The Securities Exchange Act of 1934. Although management has based any forward-looking statements contained in this press release on its current expectations, the information on which these expectations are based may change. These forward-looking statements rely on some assumptions about future events and are subject to many risks, uncertainties and other factors, many of which are outside the control of Inpixon and its subsidiaries, which may cause actual results to differ materially. statement of. Such risks, uncertainties and other factors include, but are not limited to, fluctuations in economic conditions, the impact of COVID-19 on Inpixon’s business performance and global supply chain restrictions, Inpixon’s ability to integrate recently acquired products and businesses, its existing businesses, management The performance of layers and employees, the regulatory environment related to privacy regulations and its applicability to Inpixon technology, Inpixon’s ability to maintain compliance with the Nasdaq minimum bid price requirements and other ongoing listing requirements, and the ability to obtain financing. Inpixon’s regular and current The competition, general economic conditions, and other factors detailed in the report can be reviewed on sec.gov. In addition, Inpixon operates in a highly competitive and rapidly changing environment, and new and unexpected risks may arise. Therefore, investors should not rely on forward-looking statements to predict actual results. Inpixon does not intend to update or revise forward-looking statements, and does not assume any obligations.
Media relations and general inquiries: Email: marketing@inpixon.com Website: inpixon.com/contact-us
Investor Relations: Crescendo Communications, LLC Tel: +1 212-671-1020 Email: INPX@crescendo-ir.com
Madlen Schuster Digital Marketing Manager Email: press@intranav.com
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