DENVER, Oct. 28, 2021 (GLOBE NEWSWIRE) -- TrackX Holdings Inc. (TSXV:TKX), (OTC:TKXHF), (FSE:3TH) (“TrackX” or the “Company), a leading provider of real-time end-to-end asset tracing, tracking and collaboration solutions announced today that CIO Coverage Magazine has selected TrackX as one of the Top 10 Innovative Logistics Solutions Providers to Watch in 2021. Tim Harvie, CEO of TrackX, is featured on the cover of the publication’s October edition which can be accessed at https://www.ciocoverage.com/10-innovative-logistics-solution-providers-to-watch-2021-digital-magazine/.
The article distinguishes TrackX’s for its unique ability to grow supply chain sustainability, efficiency, and resiliency. First, consumers and customers are increasingly demanding sustainable practices and will pay 30% more for “green” brands. Other stakeholders, such as investors and retailers also require proof of responsible manufacturing. According to the feature article, “TrackX is one of the fastest, simplest, and most cost-effective ways for supply chains to accomplish their ESG (Environmental, Social, and Governance) and sustainability goals.”
Second, TrackX customers are more adaptable to the supply chain disruptions currently facing our global economy. “TrackX’s platform is set apart from other supply chain management (SCM) solutions in that it is purpose-built to solve today’s challenges,” states the magazine. TrackX cloud-based analytics platform, Keychain, acts as a Control Tower for in-house asset tracing and tracking, and as a central collaboration hub with trading partners. TrackX collects asset location, condition and movement data, securely shares relevant information with partners, and delivers earlier warnings of upstream issues so they can react and adjust to minimize disruption.
“We are honored that CIO Coverage included us in this select list,” said Tim Harvie, CEO. “For the past ten years, we have worked with leaders in various industries where supply chain efficiency, speed and quality are of utmost importance. Now we are focused on solving the issues that matter most to our customers – sustainability and ESG initiatives, and responsiveness in the face of increasingly frequent supply chain shocks and shortages. We are excited to help customers make a real and positive impact now and in the future.”
About TrackX
TrackX, Inc. (TSX.V: TKX), based in Denver, Colorado, is the SaaS-based enterprise tracing, tracking & collaboration solution that leading brands trust to achieve more sustainable and better performing supply chains. TrackX solutions are built on an enterprise scalable and fully customizable platform that leverages a broad array of RFID, IoT (Internet of Things) and Sensor Technologies to provide item level visibility to customers across a broad array of industries, including food, beverage, brewery, automotive, retail, financial services, technology and government. For more information, visit www.trackx.com.
For more information, please contact:
Tim Harvie, TrackX Holdings Inc.
investors@trackx.com
303-325-7300
Neither TSX Venture Exchange nor its Regulations 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.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. All statements that address future plans, activities, events or developments that the Company believes, expects or anticipates will or may occur including the Company’s anticipated pipeline and value of current and customer deployments and future opportunities are the managements best estimates and cannot be guaranteed or relied upon and is forward-looking information. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements in this news release, whether as a result of new information, future events or otherwise, except as required by law.
