Trakopolis IoT Corp. (TRAK:TSX-V) News Releases – The Howard Group

Trakopolis and Honeywell Expand Exclusive “IoT” Partnership for Connected Worker Solution

CALGARY, April 11, 2017 – Trakopolis IoT Corp. (“Trakopolis” or the “Company“) (TSX VENTURE: TRAK) is pleased to announce a renewed and expanded partnership to market Honeywell’s ConneXt Loneworker™ safety solution.

In connection with entering into the renewed agreement, Trakopolis and Honeywell will expand their joint sales and marketing efforts globally. In addition, the companies will collaborate on strategies to utilize the Trakopolis IoT Platform with other Honeywell connected safety products.

Honeywell’s ConneXt Loneworker helps companies ensure the safety of workers in the energy, utility and construction industries, whose employees often work in remote locations out of cell phone range. The solution includes a wearable, wireless gas detector, a satellite uplink for the worker’s vehicle and Cloud technology from Trakopolis to optimize field operations. The technology also enables workers to alert the company immediately if they become injured and need help – even if they are out of cell phone range.

Brent Moore, CEO of Trakopolis stated, “We’re excited to broaden our partnership with Honeywell. The renewal of this exclusive agreement is a result of both companies’ belief in the ConneXt Loneworker product, and its efforts to continue to develop innovative, connected solutions.”

“Honeywell safety products help protect more than 500 million workers around the world every day,” said Ken Schmidt, general manager-gas detection for Honeywell Industrial Safety.  “We believe connected safety solutions using Trakopolis’ Cloud technology will help us to better protect workers and provide employers with the data and intelligence they need to improve their operations’ productivity and efficiency.”

About Trakopolis

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 others.

FOR FURTHER INFORMATION, PLEASE CONTACT

Brent Moore, President and Chief Executive Officer
Trakopolis IoT Corp.
Telephone: (403) 450-7854
Email: bmoore@trakopolis.com

The Howard Group Inc.
Dave Burwell, Vice President
Tel: (403) 221-0915
Toll Free: 1-888-221-0915
Email: dave@howardgroupinc.com

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.

Trakopolis & Microsoft to Host “Internet of Things” Webinar on March 23rd

CALGARY, March 21, 2017 / – Trakopolis IoT Corp. (TSXV: TRAK) (the “Company” or “Trakopolis”) is pleased announce that on March 23rd, 2017 Microsoft & Trakopolis will host an hour-long webinar, starting at 11:00 AM Mountain Time.

The topic of the webinar will be on connecting mobile assets to drive increased visibility and operational efficiency for businesses.

The webinar will be facilitated by Ted Duffield, Chief Revenue Officer of Trakopolis and will feature Honeywell’s ConneXt Lone Worker gas detector. This first of its kind gas detector is integrated into the TRAKOPOLIS’ platform which enables it to communicate over both cellular and satellite networks. It provides companies the ability to communicate with field workers and to have real time visibility of their location. If a cellular network is unavailable, ConneXt Lone Worker will automatically switch to a satellite signal.

ConneXt Lone Worker solution enables these benefits;

  • Increases safety of companies’ workers in the field
  • Provides real time information to allow for reduction of errors and emergency response
  • Remotely verifies that procedures are being satisfied
  • Improves gas detector compliance and usage
  • Efficiently tracks workers that are alone in the field
  • Collects gas data quickly for better decision making
  • Leverages all of the functionality of the Trakopolis IoT platform

To register, please click here.

About Trakopolis

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 others.

FOR FURTHER INFORMATION, PLEASE CONTACT

Brent Moore, President and Chief Executive Officer
Trakopolis IoT Corp.
Telephone: (403) 450-7854
Email: bmoore@trakopolis.com

The Howard Group Inc.
Dave Burwell, Vice President
Tel: (403) 221-0915
Toll Free: 1-888-221-0915
Email: dave@howardgroupinc.com

Trakopolis Provides Corporate Update

CALGARY, Feb. 15, 2017 / – Trakopolis IoT Corp. (TSXV: TRAK) (the “Company” or “Trakopolis”) is pleased to announce a number of positive developments for the Company.

  1. Trakopolis has received a grant of $164,000 from the National Research Council of Canada Industrial Research Assistance Program (NRC-IRAP). The investment is earmarked for further enhancements of the Company’s Electronic Logbook (ELOG) hours of service software assets. Trakopolis is currently offering its ELOG software, which was acquired by the Company last November, to early adopters in the USA and Canada.  The U.S. Federal Motor Carrier Safety Administration (FMCSA) has mandated that all commercial vehicle drivers are required to maintain record keeping relating to hours of service. Over 6 million vehicles and drivers in Canada and the USA must be using an hours of service record keeping solution similar to Trakopolis’ ELOG solution by the end of 2019.
  2. The Company has also received $402,000 from the Canadian Scientific Research and Experimental Development (SR&ED) Tax Incentive Program. These funds will be used to reduce the Company’s current institutional debt facility. Combined with the principal repayment of $14,000 in the month of February, this will reduce the facility from approximately $2.3 M to approximately $1.75 M as at February 28th, 2017. Under the terms of the debt agreement, the Company will not be required to make any further principal repayments until November 2017.

    Brent Moore, CEO of Trakopolis, states, “These are both positive developments for Trakopolis that highlight our success securing non-dilutive government funding that has been allocated towards debt reduction and product enhancement while we focus on aggressively growing our sales programs.”

  3. The Company would also like to announce that the Board of Directors of Trakopolis has approved a change in the fiscal year-end from June 30th to December 31st. The change in the fiscal year-end will become effective on December 31st, 2016 and the Company will file results for the six-month period ending on that date. Thereafter, the Company will operate with a fiscal period beginning on January 1st and ending on December 31st.

About Trakopolis

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 others.

FOR FURTHER INFORMATION, PLEASE CONTACT

Brent Moore, President and Chief Executive Officer
Trakopolis IoT Corp.
Telephone: (403) 450-7854
Email: bmoore@trakopolis.com

The Howard Group Inc.
Dave Burwell, Vice President
Tel: (403) 221-0915
Toll Free: 1-888-221-0915
Email: dave@howardgroupinc.com

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.

Trakopolis IoT Corp. Provides Operational Update

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.”

About Trakopolis

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
Email: bmoore@trakopolis.com

The Howard Group Inc.
Dave Burwell, Vice President
Tel: (403) 221-0915
Toll Free: 1-888-221-0915
Email: dave@howardgroupinc.com

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.

Trakopolis IoT Corp. Engages The Howard Group To Direct Investor Communications

CALGARY, Jan. 6, 2017 / Trakopolis IoT Corp. (TSXV: TRAK), is pleased to announce it has engaged The Howard Group as its capital markets communications advisor to direct both traditional and online initiatives targeting the investment community and the investing public.

The agreement is for one year, with a minimum six-month term, effective January 1, 2017.  The remuneration payable to The Howard Group will be $8,500 per month plus GST.  In addition, The Howard Group has been granted 90,000 options to acquire common shares in the capital of Trakopolis with a three-year term and an exercise price of $1.00, vesting over a period of 18 months. The agreement is subject to the approval of the TSX Venture Exchange.

Since 1988, The Howard Group has provided comprehensive investor outreach and capital markets programs, financing assistance, business development solutions and strategic planning to public companies.

In addition, The Howard Group Inc. will be providing an ongoing commentary on Trakopolis’ activities through its Insight blog.  Interested parties are encouraged to subscribe to the commentary feed: https://howardgroupinc.com/howard-group-blog/.

About Trakopolis

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 people. The company’s asset management enabling technology works across a variety of platforms and devices. Trakopolis has a diversified revenue stream from oil and gas, forestry, transportation, mining, gas detection and insurance.

For more information, visit Trakopoliscorp.com or sedar.com

FOR FURTHER INFORMATION, PLEASE CONTACT

Brent Moore, President and Chief Executive Officer
Trakopolis IoT Corp.
Telephone: (403) 450-7854
Email: bmoore@trakopolis.com

The Howard Group Inc.
Dave Burwell, Vice President
Tel: (403) 221-0915
Toll Free: 1-888-221-0915
Email: dave@howardgroupinc.com

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.

Trakopolis IoT Corp. Provides Update on Bonus Share Escrow

CALGARY, Dec. 30, 2016 /- Trakopolis IoT Corp. (“Trakopolis“) (TSXV:TRAK) a cloud based platform for interfacing mobile communications, software applications and location based services, today announced that it has cancelled 949,993 of its common shares issued into escrow (the “Bonus Shares“) in connection with the reverse takeover of Lateral Gold Corp. and Trakopolis’ going public transaction as the conditions to release of the Bonus Shares were not satisfied prior to the release deadline of December 31, 2016.

As a result of the cancellation, Trakopolis’ issued and outstanding common shares have been reduced to 23,194,630 from 24,144,623 on an undiluted basis.

About Trakopolis

Trakopolis provides business intelligence to organizations that require current data for equipment, devices, vehicles and people in remote locations. Trakopolis customers benefit from industry-leading data security through Microsoft Azure, powerful analytics and mobile access to their solution across leading mobile operating systems.

For more information, visit Trakopoliscorp.com or sedar.com

FOR FURTHER INFORMATION, PLEASE CONTACT

Brent Moore, President and Chief Executive Officer
Trakopolis IoT Corp.
Telephone: (403) 450-7854
Email: bmoore@trakopolis.com

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.

Trakopolis IoT Corp. Opens the Market

TORONTO, Dec. 5, 2016 / – Brent Moore, President and CEO, Trakopolis IoT Corp. (TRAK), joined Shaun McIver, Chief Client Officer, Equity Capital Markets, TMX Group to open the market. Trakopolis provides business intelligence services and software to organizations requiring current information and relevant data on the location and status of corporate assets such as equipment, devices, vehicles and people. Trakopolis IoT Corp. listed on TSX Venture Exchange on October 26, 2016.

Trakopolis Files First Quarter Fiscal 2017 Results

CALGARY, November 28, 2016 – Trakopolis IoT Corp. (“Trakopolis” or the “Company”, and formerly, Lateral Gold Corp.) (TSXV:TRAK), and its wholly-owned subsidiary, CANHaul International Corp (“CANHaul”), today announced that each have separately filed unaudited consolidated financial statements and MD&A for the three months ended September 30, 2016 on SEDAR which are available at www.sedar.com.

The financial results for the first quarter of fiscal 2017 for Trakopolis and CANHaul respectively reflect the operations of Trakopolis and CANHaul prior to the previously announced closing of an amalgamation on October 28, 2016, whereby CANHaul became a wholly-owned subsidiary of Trakopolis through a reverse takeover transaction. Together with the amalgamation and subsequent to the quarter:

  • Trakopolis completed a fully subscribed offering, including exercise in full of the over-allotment option, for gross proceeds of $5,750,000 and listed shares on the TSX Venture Exchange under the symbol TRAK;
  • Trakopolis replaced and restructured its long-term debt facility of $1,500,000 with a new facility of $2,800,000 and completed an initial draw of $2,300,000; and
  • Trakopolis acquired Electronic Logbook (ELOG) software assets from Verigo Inc. to support Trakopolis’ expectation of a forthcoming regulatory requirement for commercial drivers to transition to ELOG based records over the next 2 years.

Brent Moore, President and Chief Executive Officer of Trakopolis made the following comments:

“Now that we have the financial resources in place, we are executing on our strategic growth plan. We have expanded our sales force in key target markets including Texas and Pennsylvania as we increase our sales capability and partnerships in the United States and Canada. We are building our sales funnel with a focus on the enterprise segment and we continue to invest in our software platform to enhance existing products and deliver new capabilities.”

About Trakopolis
Trakopolis provides business intelligence services and software to organizations requiring current information and relevant data on the location and status of corporate assets such as equipment, devices, vehicles and people.

Trakopoolis is a proprietary Software as a Service (SaaS) solution suitable for the customized tracking and analytics requirements of many verticals.

For more information, visit trakopoliscorp.com or sedar.com

FOR FURTHER INFORMATION, PLEASE CONTACT:

Brent Moore, President and Chief Executive Officer
Trakopolis IoT Corp.http://sedar.com
Telephone: (403) 450-7854
Email: bmoore@trakopolis.com

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 execution of the strategic growth plan; legislative or regulatory changes; and the business and operations of Trakopolis. 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: general business, economic and social uncertainties; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments, including legislative developments with respect to ELOG; those additional risks set out in 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.