11 October 2022 – Inpixon, the Indoor Intelligence company, has announced that the company has secured numerous new purchase orders since the beginning of the third quarter of 2022 with organisations to implement its Industrial Internet of Things (IIoT) products and services.
“We are witnessing increased demand for our IIoT solutions, which we believe further validates our strategic decision to acquire INTRANAV late last year,” comments Nadir Ali, CEO of Inpixon. “We are proud and excited to witness this growing interest in our products for implementation, as well as pilot programs that have the potential to lead to long-term contracts with recurring revenue streams. Our goal is to provide customers with the appropriate solutions to build smarter industrial operations.
Through the implementation of our technologies, our customers experience enhanced safety, improved business operations, and location-aware solutions that provide comprehensive transparency across the organisation. We believe the traction we are seeing, evidenced by these contracts, demonstrates our ability to deploy effective solutions for the industrial market, and we expect this momentum to continue.”
Adam Benson, chief technology officer of Inpixon, adds, “Creating automated visibility that triggers real-time alerts and actions is vital to assist organisations in identifying, preventing, and responding to threats. With our IIoT platform, we help organisations improve compliance efforts and power a multitude of use cases such as collision avoidance, employee mustering, evacuations, worker searches, and more. In addition, by leveraging location aware applications, organisations boost productivity resulting in optimisation of industrial processes. Our solutions harness location data and context to help organisations make smarter and more informed business decisions. We are pleased to have secured these contracts and believe this traction will continue to grow.”
Chris Wiegand, Inpixon’s executive vice president of revenue operations, states, “We are seeing an increase in revenue growth within our IIoT business line in recent months. Importantly, we are not only obtaining significant multi-year contracts but also expanded contract opportunities with existing customers. Specifically, we believe these contracts demonstrate our successful track record within the industrial market.”
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October 14, 2022 at 09:11AM by Shriya Raban, Khareem Sudlow
