PALO ALTO, Calif. — Inpixon (NASDAQ: INPX), a leading indoor positioning and data analytics company, today announced plans to offer an Indoor Positioning Analytics (IPA) Pod, allowing for less-than-a-meter accuracy and delivering unparalleled Wi-Fi positional accuracy for IPA. The IPA Pod will expand Inpixon’s IPA product line with an entry-level product and price-point to attract a wider customer base and assist in rapidly increasing product adoption.
The new IPA Pod will be a miniaturized, Wi-Fi version of Inpixon’s IPA Sensor that can plug into any electrical outlet or USB connection. The air freshener-sized sensor will be able to communicate with any existing Wi-Fi network and position any Wi-Fi-enabled device on that network. In beta environments, the IPA Pod delivers unheard of accuracy at less than one meter. Typical Wi-Fi access point providers deliver positioning as a by-product but are unable to do so effectively.
Historically, the promise and utility of indoor positioning using Wi-Fi has been limited to wide-ranging proximity solutions rather than the required positional accuracy. In proximity solutions, device location can be identified but positional accuracy for extracting meaningful intelligence has not been available. Inpixon’s IPA Pod will be able to fulfill this previously unkept promise of Wi-Fi positioning by enabling retail, marketing, and security customers to realize the full potential of Wi-Fi indoor positioning analytics. Inpixon plans to make the IPA Pod available to purchase by Q2 2018.
“Inpixon’s IPA Pod will fill an immediate need in the market. The use cases are staggering: hotel environments, banks, hospitals, pharmacies, secure multi-factor authentication, and retail stores,” said Nadir Ali, Inpixon CEO. “Imagine supermarkets installing Wi-Fi cards into carts and connecting IPA Pods into the environment. Store management could determine where the carts are positioned, their travel path, how long they are in use, which department is seeing the most traffic, and more. This is true intelligence that will improve customer experience and help businesses make better decisions. For the first time, utilizing existing Wi-Fi networks, we will be able to hone positional accuracy to under a meter. There is already a huge appetite for Wi-Fi-enabled solutions, we are simply providing the best recipe.”
The launch of Inpixon’s IPA Pod will join previously announced 2018 enhancements in blockchain, voice-user interface (VUI), artificial intelligence (AI), and Amazon Web Services (AWS) adoption. See the story continue to unfold at inpixon.com.
Inpixon (NASDAQ: INPX) is a leader in Indoor Positioning and Data Analytics. Inpixon sensors are designed to find all accessible cellular, Wi-Fi, and Bluetooth devices anonymously. Paired with a high-performance data analytics platform, this technology delivers visibility, security, and business intelligence on any commercial or government premises worldwide. Inpixon’s products, infrastructure solutions, and professional services group help customers take advantage of mobile, big data, analytics, and the Internet of Things (IoT) to uncover the untold stories of the indoors. For the latest insight on Indoor Positioning and Data Analytics, follow Inpixon on LinkedIn, @InpixonHQ on 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 Act, 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 global economic conditions, the performance of management and employees, the Company’s ability to obtain financing, competition, general economic conditions and other factors that are detailed in the Company’s periodic and current reports available for review at sec.gov. Furthermore, we operate 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. We disclaim any intention to, and undertake no obligation to, update or revise forward-looking statements.
Inpixon Investor Relations:
Scott Arnold, Managing Director