Inpixon Secures Purchase Order Valued at Over $1 Million for its RTLS Products from a Leading Transportation and Industrial Equipment Provider

Builds Upon Purchase Order Momentum for Inpixon RTLS Solutions

PALO ALTO, Calif., Dec. 20, 2022 /PRNewswire/ -- Inpixon®, the Indoor Intelligence® company, today announced that it has received an order for its real-time location system (RTLS) products from a global provider of transportation and industrial products and services. The purchase order is valued at over one million dollars and covers an approximately 18-month period. The RTLS products will be used in products that provide proximity awareness and collision avoidance for worker safety in industrial operations.

Nadir Ali, CEO of Inpixon, stated, “We are pleased to have secured this significant purchase order which builds upon our momentum of additional purchase orders recently announced. Our technology offers a unique performance profile combining high accuracy, long operational range and interference resilience that makes it an excellent choice for a wide range of location and ranging use cases for this large market.

“We are taking advantage of the vast opportunities within this fast-growing market and believe the breadth of our software and hardware products that make up our RTLS solutions sets us apart from others in the market. Inpixon’s location-aware, multi-technology industrial IoT platform is helping organizations deliver on the promise of smart factories, smart warehouses, safer mining operations, paperless factories, and digital supply chains. We believe we are well positioned to take advantage of the digital transformation trend in industrial environments, commonly referred to as Industry 4.0.”

Research firm MarketsandMarkets reports that the global industry 4.0 market size is projected to reach USD165.5 billion by 2026, growing at a CAGR of 20.6%.