CALGARY, Feb. 1, 2017 – Trakopolis IoT Corp. (TSXV: TRAK), is pleased to provide an operational update.
Since commencing trading on the TSX Venture Exchange (“TSXV“) on November 1st, 2016, the Company has executed the first phase of its accelerated growth plan that focuses on positions that will have an immediate impact on sales, subscriber and customer growth. This includes 4 additional sales members in Canada (2), Texas (1) and Pennsylvania (1).
Through December, 2016 and January, 2017 the Company has closed opportunities representing 1036 new devices to 51 customers. These sales were to a variety of verticals including construction, utilities, oil and gas, government, commercial services, transportation and forestry.
The Company continues to see strong interest in our products and services from our traditional offering and our new segments, connected gas detection and electronic driver log books.
Brent Moore, CEO of Trakopolis stated, “I am pleased with the speed and ability in which we were able to recruit and on-board new staff and have been very encouraged with operational results across the organization since completing our going public transaction on the TSXV. Sales from new and existing customers, combined with the positive response to our new products and services confirm we are making strong progress in achieving our growth plan.”
Trakopolis is a Software as a Service (SaaS) company with proprietary, cloud based solutions for real time tracking, data analysis and management of corporate assets such as equipment, devices, vehicles and workers. The Company’s asset management platform works across a variety of networks and devices. Trakopolis has a diversified revenue stream from oil and gas, forestry, transportation, construction, rentals, urban services, mining, government and other.
FOR FURTHER INFORMATION, PLEASE CONTACT
Brent Moore, President and Chief Executive Officer
Trakopolis IoT Corp.
Telephone: (403) 450-7854
NON-GAAP Financial Measures
“Closed opportunities” does not have any standardized meaning under with International Financial Reporting Standards (“IFRS”) and therefore may not be comparable to similar measures presented by other issuers. Closed opportunities are recognized upon shipment of the hardware and activation of the subscription and recorded in financial statements under hardware revenue and subscription revenue upon satisfaction of the accounting criteria for each revenue stream in accordance with (“IFRS”). The Company highlights closed opportunities as a key metric in measuring sales performance across all verticals.
Disclaimer for Forward-Looking Information
This news release includes certain “forward-looking statements” under applicable Canadian securities legislation that are not historical facts. Forward-looking statements involve risks, uncertainties, and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this news release include, but are not limited to, statements regarding the ongoing services of The Howard Group and the achievement of Trakopolis’ capital markets objectives. Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to the success of The Howard Group and Trakopolis in achieving Trakopolis’ capital markets objectives, general business, economic and social uncertainties, litigation, legislative, environmental and other judicial, regulatory, political and competitive developments, those additional risks set out in the Trakopolis’ public documents filed on SEDAR at www.sedar.com and other matters discussed in this news release. Although Trakopolis believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by law, Trakopolis disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.