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A. On December 9, 2021 Inpixon (Nasdaq: INPX) announced that it will acquire 100% of the outstanding capital stock of IntraNav GmbH (IntraNav) through Nanotron, an Inpixon company. Read the press release or see Inpixon’s Current Report on Form 8-K, which will be filed with the Securities and Exchange Commission, in connection with this transaction.
A. The transaction consists of the acquisition of all of the outstanding capital stock of IntraNav, which would include all products, technologies, customer contracts, partnership agreements, patents and intellectual property.
A. INTRANAV, headquartered in Eschborn/Frankfurt am Main, Germany, is a leading industrial IoT, RTLS and sensor data service provider with solutions for industrial positioning, process automation and optimization based on real-time location and sensor data.
With INTRANAV’s digital industrial IIoT platform, you can digitize and automate your processes in production and logistics. Capture and process real-time data positioning data from various technologies such as:
This location and sensor data can be used for the continuous automation of:
INTRANAV’s IIoT platform empowers users to capture, visualize and interpret data so they can optimize transport flows and reveal historical trends with real-time reports.
Via a REST API, customers can integrate INTRANAV data sources with industry-relevant ERP or MES system, enabling companies to identify potential process optimizations and make data-driven decisions. Customers can also integrate with their own cloud analytics tools such as PowerBI, SAP or Tableau to INTRALYTICS to build their own dashboards.
A. Inpixon (Nasdaq: INPX), headquartered in Palo Alto, California, is the innovator of Indoor Intelligence™, delivering actionable insights for people, places and things. Combining the power of mapping, positioning and analytics, Inpixon helps to create smarter, safer, and more secure environments. The company’s Indoor Intelligence and mobile app solutions are leveraged by a multitude of industries to optimize operations, increase productivity, and enhance safety. Inpixon customers can take advantage of industry leading location awareness, RTLS, workplace and hybrid event solutions, analytics, sensor fusion and the IoT to create exceptional experiences and to do good with indoor data.
A. Nanotron is a wholly owned subsidiary of Inpixon based in Berlin, Germany. Nanotron is a leading provider of electronic location awareness solutions for real-time location systems (RTLS) and indoor and outdoor positioning solutions utilizing both industry-standard technologies, such as ultra-wideband (UWB), and patented proprietary wireless communication technologies, such as Chirp Spread Spectrum (CSS).
A. The addition of IntraNav, the technologies, and the team that develops and supports them, is a pivotal and transformative step in Inpixon's mission to be the global leader for Indoor Intelligence. IntraNav is recognized as a leader in real-time location and sensor data service provider for industrial IoT platforms to integrate the digital twin. Through the digitization and provision of real-time position data of industrial goods, transport vehicles and people, with accuracies to the last centimeter, the INTRANAV RTLS IoT platform supports the automation of logistics and production processes, such as auto-ID solutions, paperless factories, AGV (automatic guided vehicle) management and vehicle navigation, real-time material flow and shop floor management to significantly increase efficiency and process reliability, and to help implement the smart factory or digital supply chain.
A. IntraNav will become part of a larger organization where it can leverage more breadth and depth of resources to support sales, marketing, development, support, and back-office initiatives. IntraNav clients will also benefit from having access to Inpixon’s portfolio of Indoor Intelligence solutions including indoor mapping, indoor positioning, RTLS, indoor device detection, indoor analytics, and GPS offerings. Beyond expanding product wise, the acquisition will also create potential cross-selling opportunities with our clients across the globe.
A. Current and in development IntraNav solutions will be maintained, supported and enhanced. The companies' respective product development efforts will continue as previously planned, and the teams will work together to develop a product roadmap and new products that leverage potential synergies.
A. Yes. Inpixon considers the IntraNav team to be highly talented, and business continuity is of utmost importance. Inpixon’s intent is to empower its employees, to provide opportunities for growth and development, and to value their input and contributions in moving the business forward.
A. All existing licensing, support and service arrangements will continue without interruption. All customers will continue to work with their respective existing support and service contacts. Business continuity and excellent customer service will continue.
A. IntraNav customers/partners should continue with their primary contact and representative for support, and Inpixon customers and partners should continue to contact their Inpixon contacts and representatives.
A. Please refer to the following resources for further information:
Cautionary Note Regarding Forward-Looking Statements
The information contained herein contain “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, statements related to the acquisition of IntraNav. The words “intend,” “may,” “should,” “would,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential” or “continue” or the negative of these terms or other comparable terminology are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. While Inpixon believes its plans, intentions and expectations reflected in those forward-looking statements are reasonable, these plans, intentions or expectations may not be achieved. Inpixon’s actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements. For information about the factors that could cause such differences, please refer to Inpixon’s filings with the U.S. Securities Exchange Commission. Given these uncertainties, you should not place undue reliance on these forward-looking statements. Inpixon assumes no obligation to update any forward-looking statement.
