INPX stock is still attracting buyers in pre-market trading on December 20, 2019. The stock is moving in pre-market from a December 16, 2019, press release where the company said it had received a follow on order from a federal government customer.
Inpixon (Nasdaq: INPX), a leading indoor data company that specializes in delivering indoor intelligence, today announced it has received a follow-on order to supply additional Global Positioning System (“GPS”) products to a customer within the U.S. federal government following a successful pilot. The customer is utilizing Inpixon’s GPS products to track personnel, vehicles and assets for ground situational awareness within a highly secure, wide area, private network.
Inpixon’s comprehensive tracking solution is designed to provide real-time surveillance of personnel and equipment moving within a designated area. This solution establishes a private and secure, hybrid GPS + 900 MHz 256-bit AES-encrypted network ranging from 20 to 200 square miles with up to 40 miles line-of-sight. The system consists of battery-operated transmitters placed on the assets to be tracked; portable solar- or battery-powered repeaters; a solar-, battery-, or AC-powered base station receiver; and a software user interface which displays GPS transmitter status, battery level, etc. Inpixon’s solution can be directly integrated with the customer’s APIs to allow data to be passed to the customer’s proprietary mapping and visualization solution, saving the customer significant implementation time.
Utilizing Inpixon’s technology increases security and privacy for the customer as the long-range tracking system does not pass through cellular towers or internet-based networks. Additionally, Inpixon’s GPS-based solutions can be used in remote areas that do not have cellular towers and where satellite link speeds are insufficient. The GPS products allow the customer to accurately visualize the location of assets in real-time and provide actionable data for the customer to ensure asset protection.
Nadir Ali, CEO at Inpixon, commented, “We are extremely pleased to expand our relationship with this customer using our GPS tracking solution. By combining indoor and outdoor positioning data and leveraging advanced, proprietary algorithms, we are able to provide innovative solutions that can seamlessly track assets and people, even as they transition between indoor and outdoor spaces. We look forward to building upon our relationship with this customer and rolling-out similar solutions with other such entities.”
On December 10, 2019, Inpixon (Nasdaq: INPX) announced plans to offer an Ultra-Wideband (UWB) module and tags built to provide accuracy under 30 centimeters. Furthermore, Inpixon’s planned UWB module will be able to be plugged into existing multi-frequency Inpixon sensors, Inpixon Pods or existing IoT devices installed in a customer’s premise. The company anticipates its UWB offering will enable it to pursue new sales opportunities within the real-time location system (RTLS) market, which MarketsandMarkets forecasts will grow from USD $3.186 billion in 2018 to USD $8.792 billion by 2023, a CAGR of 22.5%.
“Inpixon’s planned UWB offerings will be part of our indoor location data platform which seeks to democratize indoor intelligence, making it accessible and useful to the mass market,” said Nadir Ali, Inpixon CEO. “It’s about combining technologies, leveraging the specific benefits offered by each, and offering a platform that can manage a myriad of data inputs and deliver on a vast set of use cases. UWB technology has been increasingly gaining popularity due to its high accuracy and reliability with low to no radio signal interference. Companies like Apple, NXP and Samsung are utilizing UWB for device-to-device applications and location-based services, which we believe will make this technology an important part of the indoor data ecosystem,” added Mr. Ali. “Inpixon is striving for widespread interoperability, where any company in the indoor intelligence ecosystem can leverage Inpixon products to serve their customers. Companies with a more limited product line can use their products within our indoor location data platform to offer a comprehensive solution.”
Inpixon’s planned UWB module is anticipated to offer more reliable and precise location detection with more frequent location updates than current Bluetooth beacons or Wi-Fi. This USB-enabled device is expected to be able to operate independently, with other sensors or third-party access points, or can be plugged into existing Inpixon hardware to identify and locate cellular, Wi-Fi and BLE in addition to UWB tags and devices. This data can then be presented on a single interactive user interface and visualized with Jibestream, Inpixon’s recently acquired indoor mapping platform. Inpixon intends to also offer UWB tags which can be customized to desired form factor. In addition, the Inpixon UWB module is expected to also work with other off-the-shelf UWB tags.
Inpixon’s indoor location data platform allows customers to process data from various Wi-Fi access points and other non-Inpixon sensors enabling customers to benefit from Inpixon’s mapping platform and analytics. With Inpixon’s planned UWB modules, customers will be able to augment and maximize their existing investments in other Wi-Fi and BLE sensors by getting better accuracy and best-in-class positioning while leveraging their existing infrastructure. The company expects its UWB technology will enable customers to take advantage of additional use cases beyond positioning and wayfinding, such as support for persons with disabilities, location-aware entertainment or promotional content, enhanced traceability, pallet and goods tracking, staff management, fulfillment, logistics and inventory management.
“Ultra-Wideband sensors and tags built to meet the IEEE 802.15.4 UWB standard and provide accuracy under 30 centimeters will likely enable high-end RTLS-like applications to become affordable in broader, mass-market use cases where positional precision is key,” commented Adam Benson, Inpixon CTO. “Some customer use cases require more precise positioning or more frequent location updates than Wi-Fi or Bluetooth traditionally deliver. This is apparent not only in RTLS use cases but also for certain physical cyber security, worker productivity, and facility management applications. Inpixon’s scalable and reliable platform with the broad array of passive RF detection in the 1 – 6000 MHz range combined with our plans to include active sensing of UWB presents new, exciting possibilities to our customers and partners.”