PALO ALTO, Calif., Dec. 9, 2021 /PRNewswire/ -- Inpixon (Nasdaq:
INPX), the Indoor Intelligence™ company, today announced that it
has signed a definitive agreement to
acquire IntraNav GmbH ("INTRANAV"), a leading
industrial IoT (IIoT), real-time location system (RTLS), and sensor
data services provider. INTRANAV's customers are generally
large enterprises with billions in annual revenue and include
Siemens Energy, TB International, Festo, and PERI, as well as
international industry leaders in the fields of agricultural and
construction machinery, aerospace, intralogistics and
manufacturing.
INTRANAV is a Germany-based industrial automation company
specializing in advanced location-aware technologies to help
organizations realize the benefits of Industry 4.0 including smart
factories, smart warehouses, virtual manufacturing, paperless
factories, virtual yard management, and digital supply
chains. INTRANAV's flagship offering is its
enterprise-class, multi-technology, RTLS IoT platform,
INTRANAV.IO, which can consume, process, and present
data from nearly any other device or system. INTRANAV's
INTRALYTICS data-analytics software
and INTRANAV.APP mobile and desktop apps
complement the IoT platform. INTRANAV also offers a line of
proprietary smart sensors including the tags for driverless
transport systems, automated guided vehicles, smart pallets and
more that can utilize UWB, RFID, GPS, Wi-Fi, and LTE cellular.
Additional offerings with partners add NFC, BLE, and Wirepas
Massive capabilities to the offering.
Siemens Energy's Key Expert of Manufacturing Processes and
Senior Project Management Robert Diener, said, "We are using
INTRANAV solutions for managing powder tracking in an
additive manufacturing facility in Finspang, Sweden. The INTRANAV RTLS solution has
helped us to greatly improve the transparency of our powder
handling process on the shop floor."
Stephan Schraml, head of
technology center and lead plant scaffolding Günzburg, with PERI
Werk Günzburg GmbH, one of the world's largest manufacturers of
formwork and scaffolding systems with 2020 revenues exceeding €11.5
billion, commented, "We are using INTRANAV solutions
for indoor tracking of our transport racks for semi-finished goods
and have found their solutions can help us to address supply chain
issues in the production. We are now able to make predictions
regarding the arrival time and quantity at the next workstation
just in time. INTRANAV joining Inpixon sounds
compelling, and I look forward to exploring the Inpixon location
intelligence and app solutions for potential use for the corporate
side of our business."
"This acquisition will put us at the heart of the fourth
industrial revolution, commonly called Industry 4.0," noted
Nadir Ali, CEO of Inpixon. "The
manufacturing of goods and the processing of raw materials is in
the midst of another wave of modernization, with Industry 4.0's
digitalization of the horizontal and vertical value chains through
automation and data exchange leveraging IoT and cloud computing.
INTRANAV will bring new, comprehensive products and
technologies, and a broad IP portfolio to strengthen our
established RTLS product line. Importantly, with INTRANAV's
IoT platform, we will be connected to the end user for industrial
solutions, much like our CXApp connects users through our corporate
workplace solution, enabling us to deliver the exceptional
experiences that power smart factories, smart warehouses, and smart
corporate campuses. With INTRANAV, we believe Inpixon will
be able to create significant opportunities for the growth of our
business in this huge market."
INTRANAV was founded in 2014 by Ersan Günes, Chief
Product & Technology Officer, and Gonzalo Ibarra, Chief Operating Officer. In
2020, Andreas Radix joined the management team as Chief Executive
Officer to further scale up the business, and he and the founders
will continue to lead the INTRANAV management team within
Inpixon.
Andreas Radix of INTRANAV, said, "This is a very exciting
time to join Inpixon. In recent months, our team has been
uncovering more sales opportunities than we can reasonably
address, and now, with Inpixon's resources and complementary
products, I believe we will have an unmatched solution to capture
the extraordinary opportunity in the industrial internet of things
market."
INTRANAV's Ersan Günes added, "From our founding, we've
been focused on developing cutting edge technology
and supplying data-driven solutions to warehouses,
distribution centers, and production lines that allow large,
premier enterprises to optimize production and intralogistics.
We're proud to bring our award-winning solutions to Inpixon and to
make a significant and strategic enhancement to the Inpixon Indoor
Intelligence platform."
Soumya Das, COO of Inpixon,
commented, "I'm excited about Inpixon's prospects to grow
substantially within the dynamic IIoT market. Inpixon offers a
mature, full-stack location intelligence platform with the
capability to support multiple use cases and industries, as
recognized by independent researchers, which we believe will enable
us to sell to not only the industrial side of the house but also to
the corporate side, which can use our employee experience app and
hybrid events platform, all underpinned with our intelligent maps,
positioning technologies, and analytics."
INTRANAV's research with customers has validated
extraordinary time savings using INTRANAV solutions combined
with integrations with leading ERP systems such as SAP. Savings
versus traditional methods include the following:
- Inbound: Unload, inventory and arrange goods: 23% faster
- Storage: Identify and pick-up goods, find available shelf,
unload: 37% faster
- Outbound: Find, load, transport, unload at outbound point
(preliminary data): 42% faster
Answers to frequently asked questions about this announcement
can be found on the FAQ available here.
In accordance with the terms of a Share Sale and Purchase
Agreement, dated December 8, 2021,
Inpixon, through its wholly owned subsidiary, Nanotron
Technologies, GmbH, as purchaser, will acquire 100% of the
outstanding shares of IntraNav. The transaction is anticipated to
close on or about December
9th, 2021. Additional information regarding the
transaction, including the terms, will be available in a Current
Report on Form 8-K, which will be filed with the Securities and
Exchange Commission in connection with this transaction.
About IntraNav
INTRANAV is a German real-time location & sensor
data service provider for industrial platforms for the integration
of the digital twin. With the digitization and allocation of
real-time position data of industrial goods and transport vehicles
with centimeter accuracy, the INTRANAV RTLS IoT platform
contributes to a significant increase in efficiency and process
reliability through the automation of logistics and production
processes, such as Auto-ID solutions, paperless factory, AGV
management, vehicle navigation, real-time material flow and shop
floor management, and thus to the realization of the smart factory
or digital supply chain. In addition to real-time data applications
for the digital twin, INTRANAV also provides
smart real-time location analyses from one platform suite, enabling
companies to identify significant process optimizations and make
data-based decisions. Customers and partners of
INTRANAV are global companies such as Siemens Energy,
PERI, Festo, SAP, Wirepas, and German Edge
Cloud (GEC). For more information, please visit
intranav.com.
About Inpixon
Inpixon® (Nasdaq: INPX) 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. For the latest insights, follow Inpixon
on LinkedIn, and 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 Securities Act of 1933, as
amended, 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 economic conditions, the impact of COVID-19 on
Inpixon's results of operations and global supply chain
constraints, Inpixon's ability to integrate the products and
business from recent acquisitions into its existing business, the
performance of management and employees, the regulatory landscape
as it relates to privacy regulations and their applicability to
Inpixon's technology, Inpixon's ability to maintain compliance with
Nasdaq's minimum bid price requirement and other continued listing
requirements, the ability to obtain financing, competition, general
economic conditions and other factors that are detailed in
Inpixon's periodic and current reports available for review at
sec.gov. Furthermore, Inpixon operates 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.
Inpixon disclaims any intention to, and undertakes no obligation
to, update or revise forward-looking statements.
Contacts
Inpixon
Media relations and general inquiries:
Email: marketing@inpixon.com
Web: inpixon.com/contact-us
Investor relations:
Crescendo Communications, LLC
Tel: +1 212-671-1020
Email: INPX@crescendo-ir.com
INTRANAV
Madlen Schuster
Digital Marketing Manager
Email: press@intranav.com
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SOURCE Inpixon