Inpixon Receives FCC Certification for Multi-Technology Sensor
Inpixon (Nasdaq: INPX), an indoor data solutions provider, announced receiving FCC certification for its new multi-technology sensor. This certification follows the earlier approval of their UWB module. CEO Nadir Ali highlighted the sensor's unique capabilities to detect cellular, Wi-Fi, BLE, and UWB signals, integrated with an Indoor Intelligence platform for precise device positioning. The technology enables various applications, including cybersecurity and asset tracking. MarketsandMarkets projects a significant growth in location-based services (LBS), forecasting an increase from USD 17.8 billion in 2020 to USD 39.2 billion by 2025.
- Received FCC certification for multi-technology sensor.
- Unique ability to detect cellular, Wi-Fi, BLE, and UWB signals.
- Integration with Indoor Intelligence platform enhances market competitiveness.
- Potential growth in location-based services (LBS) market forecasted at 17.1% CAGR.
- Risks associated with maintaining compliance with Nasdaq's listing requirements.
- Market competition could impact performance.
- Dependence on economic conditions and COVID-19's impact on operations.
PALO ALTO, Calif. and TORONTO, Aug. 24, 2020 /PRNewswire/ -- Inpixon (Nasdaq: INPX), a leading indoor data company that delivers Indoor Intelligence™ solutions, today announced it has received certification for its new multi-technology sensor from the U.S. Federal Communications Commission (FCC).
"We are pleased to receive this certification from the FCC for our new multi-technology sensor, which follows the recently announced FCC certification of our UWB module," commented Nadir Ali, CEO of Inpixon. "We believe we are one of the only vendors that has developed a sensor capable of detecting cellular, Wi-Fi, BLE and UWB which is also integrated with an Indoor Intelligence platform that includes mapping, analytics and device positioning. Inpixon's comprehensive technology with the ability to provide positional accuracy in under 30 centimeters for wireless devices and asset tags enables a powerful, diverse set of use cases, from cybersecurity situational awareness and rogue device detection to asset tracking and visitor management. We will continue to build on our engineering accomplishments as we develop additional innovations to fuel our product offering and capture an increasing share of the fast-growing1 location-based services (LBS) and real-time location systems (RTLS) markets."
About Inpixon
Inpixon® (Nasdaq: INPX) is the Indoor Intelligence™ company that specializes in capturing, interpreting and giving context to indoor data so it can be translated into actionable intelligence. The company's Indoor Intelligence platform ingests diverse data from IoT, third-party and proprietary sensors designed to detect and position active cellular, Wi-Fi, UWB and Bluetooth devices. Paired with a high-performance data analytics engine, patented algorithms, and advanced mapping technology, Inpixon's solutions are leveraged by a multitude of industries to do good with indoor data. This multidisciplinary depiction of indoor data enables users to increase revenue, decrease costs, and enhance safety. Inpixon customers can boldly take advantage of location awareness, analytics, sensor fusion and the Internet of Things (IoT) to uncover the untold stories of the indoors. For the latest insights, follow Inpixon on LinkedIn, Twitter, and visit inpixon.com.
Safe Harbor Statement
All statements in this release that are not based on historical fact are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. While management has based any forward-looking statements included in this release on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties and other factors, many of which are outside of the control of Inpixon and its subsidiaries, which could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include, but are not limited to, the fluctuation of economic conditions, the impact of COVID-19 on Inpixon's results of operations, the performance of management and employees, the regulatory landscape as it relates to privacy regulations and their applicability to Inpixon's technology, Inpixon's ability to maintain compliance with Nasdaq's minimum bid price requirement and other continued listing requirements, including during a panel monitoring period ending on February 5, 2021, the ability to obtain financing, competition, general economic conditions and other factors that are detailed in Inpixon's periodic and current reports available for review at sec.gov. Furthermore, Inpixon operates in a highly competitive and rapidly changing environment where new and unanticipated risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. Inpixon disclaims any intention to, and undertakes no obligation to, update or revise forward-looking statements.
1 MarketsandMarkets projects the location based services (LBS) and real-time location systems (RTLS) market will grow from USD
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SOURCE Inpixon
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