| Over a month ago | ||||
Inpixon announced that… Inpixon announced that Inpixon Mapping has been selected as part of a workplace experience solution for a leading medical technology provider, one of the world's largest public companies, to provide intelligent, multi-dimensional digital maps. Inpixon Mapping is currently contracted for deployment throughout the organization's headquarters campus comprised of dozens of buildings covering nearly one million square feet. | ||||
Inpixon has entered into… Inpixon has entered into a securities purchase agreement with an accredited institutional investor to purchase 8,000,000 shares of common stock and warrants to purchase up to an aggregate of 8,000,000 shares of common stock at a purchase price of $1.25 per share and accompanying warrant in a registered direct offering with a single institutional investor priced at-the-market under Nasdaq rules. The warrants have an exercise price of $1.25 per share, are exercisable immediately, and will expire five years following the date of issuance. Maxim Group LLC is acting as the sole placement agent in connection with the offering. | ||||
Inpixon announced that… Inpixon announced that Inpixon Mapping has been selected by a pharmaceutical companie to provide the visualization required for tracking its critical COVID-19 vaccine-related assets. Inpixon Mapping is currently contracted for deployment in multiple facilities utilized by this company, which specializes in the development of medicines and vaccines across a wide range of disciplines, and multiple additional locations are anticipated to be added over the coming weeks and months. Inpixon Mapping will be used to view the location of tagged assets on a dynamic, multi-layered map in near real-time within this pharmaceutical company's facilities. The terms of the customer agreement include both one-time professional services revenue, as well as recurring revenue associated with the mapping platform license. | ||||
| Over a quarter ago | ||||
Management holds a… Management holds a business news update conference call on October 5 at 4:30 pm. Webcast Link | ||||
Inpixon announced that it… Inpixon announced that it has entered into a definitive agreement to acquire Nanotron Technologies. The transaction is expected to increase Inpixon revenues by over $5M on an annual basis and to be accretive. Nanotron, headquartered in Berlin, Germany, has established itself over the past two decades as a provider of IoT solutions for real-time location systems and indoor and outdoor positioning solutions utilizing both industry-standard technologies, such as ultra-wideband, and patented proprietary wireless communication technologies, such as Chirp Spread Spectrum. Inpixon believes this acquisition is transformational for the company due to several factors, including, that it will: Strengthen and expand Inpixon's product portfolio and capabilities for UWB, RTLS, and 2.4 GHz CSS, increasing precision and decreasing latency to locate assets and people in real-time. Expand Inpixon's intellectual property portfolio, including patents covering its symmetrical double-sided two-way ranging licensed by Decawave. Expand Inpixon's user base. Nanotron cites that it has more than 500 deployments to date, including several large-scale deployments monitoring tens of thousands of anchors and tags. Deepen Inpixon's geographic presence in regions outside of North America including Europe, Asia, Africa, South America and the Middle East. Expands Inpixon's partner relationships with marquee distribution and technology partners, such as Arrow Electronics, DigiKey and Decawave. Enhance the company's ability to design proprietary sensor systems, including chips and multifunctional sensor systems for various industries. Broaden Inpixon's industry coverage with construction, manufacturing, mining, autonomous vehicles, and livestock, plus expand use cases including live positioning, asset tracking, collision avoidance, man-down and worker safety. In accordance with the terms of a Share Purchase Agreement, dated October 5, 2020, Inpixon, through its wholly-owned subsidiary, Inpixon GmbH, as purchaser will acquire 100% of the outstanding capital stock of nanotron with cash on hand for an aggregate purchase price of $8.7M. This transaction is anticipated to close on or about October 6, 2020. For further information regarding the terms and conditions of the acquisition contained in the Purchase Agreement, please see Inpixon's Current Report on Form 8-K. | ||||
Management holds a… Management holds a business news update conference call on October 5 at 4:30 pm. Webcast Link | |
Management holds a… Management holds a business news update conference call on October 5 at 4:30 pm. Webcast Link | |
Virtual Roundtable… Virtual Roundtable explores how companies can apply new solutions in order to assist in restarting the economy and bring people back to work safely. The Virtual Roundtable entitled, "Reclaim Your Workplace: Creating a Resilient Environment Post-Pandemic" will be moderated by CNN on September 15 at 2 pm. Webcast Link | |
Virtual Roundtable… Virtual Roundtable explores how companies can apply new solutions in order to assist in restarting the economy and bring people back to work safely. The Virtual Roundtable entitled, "Reclaim Your Workplace: Creating a Resilient Environment Post-Pandemic" will be moderated by CNN on September 15 at 2 pm. Webcast Link | |
Inpixon announced it has… Inpixon announced it has received new and additional follow-on orders and subscription renewals with a value of approximately $2.6M during the third quarter of 2020 to date for the application of its Indoor Intelligence platform across multiple uses cases. |