Inpixon (NASDAQ: INPX) provides data analytics and location-based products and is a leader in Indoor Positioning Analytics (IPA). Shares jumped 35.67% through early trading on Thursday, January 10, 2019. Over the past three months, Inpixon has seen an average daily volume of 454,280 shares. However, through Thursday morning, already 8.9 million shares have traded hands, equating to $39.6 million in dollar volume.
Shares jumped Thursday morning after Inpixon announced its Indoor Positioning Analytics (IPA) Sensor 4000SE has been chosen to participate in the “Smart School” safety network solution. The Smart School program is “intended to equip schools and campuses with situational awareness and communication technologies that can enhance safety to create a more optimal learning environment.” By utilizing GPS-enabled wristbands, all students, teachers, and visitors can be monitored and tracked allowing law enforcement and administrators to have unprecedented access to locations of individuals in case of emergency. The Smart School will also be equipped with “an integrated notification system capable of disseminating messages relating to an impending or existing emergency.” Nadir Ali, CEO of Inpixon, commented, “We are honored to have our IPA sensors selected as the future backbone of a system intended to protect and enhance the safety of students and education professionals.” Here is the full press release detailing the Inpixon’s involvement in the Smart School safety network solution:
Inpixon Press Release:
PALO ALTO, Calif., Jan. 10, 2019 (GLOBE NEWSWIRE) — Inpixon (INPX), a leading indoor positioning and data analytics company, today reported that its Indoor Positioning Analytics (“IPA”) Sensor 4000SE has been selected to be used in connection with the development of a “Smart School” safety network solution intended to equip schools and campuses with situational awareness and communication technologies that can enhance safety to create a more optimal learning environment. Inpixon’s IPA will detect wireless signals emitted from student-worn, wrist-based devices and other wireless devices with GPS, cellular, Bluetooth and NFC technology on a school’s campus allowing it and potentially law enforcement to identify the location of individuals on school property. The solution will include an integrated notification system capable of disseminating messages relating to an impending or existing emergency.
“We are honored to have our IPA sensors selected as the future backbone of a system intended to protect and enhance the safety of students and education professionals,” said Nadir Ali, Inpixon CEO. “It’s essential that schools have the capability to know where people are, to see who’s there that’s not supposed to be, and to be able to communicate directly with everyone on school property.”
The Smart School solution will be able to identify the location of students, teachers, administrators and visitors within a facility and will send alerts to officials when it detects unknown wireless devices which may, for instance, indicate a trespasser. With the integrated notification system, immediate dissemination of messaging in the event of a possible or actual emergency or threat is possible.
“We believe the Smart School solution will be one of the first to market to seamlessly track a person’s location as they transition between indoor and outdoor,” noted Shirish Tangirala, Inpixon’s Chief Product Officer. “Outdoor positioning via GPS is offered by many providers. However, indoor positioning is much less common. Rarer still is the combination of indoor and outdoor positioning. We believe that the fusion of indoor and outdoor location data will have a significant impact.”
“We believe this solution, while designed specifically for schools, can also be leveraged by and of tremendous benefit to law enforcement and first responders when responding to incidents at schools that have this solution available by providing a systemized platform for location and communication,” added Mr. Ali. “We are delighted to be part of this wide-reaching business effort to bring smarter connectivity to our schools to better meet today’s unique safety challenges.”
Inpixon (INPX) is a leader in Indoor Positioning Analytics (IPA). Inpixon IPA 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 location worldwide. Inpixon’s products 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 IPA, 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 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 ability to incorporate the IPA Sensor 4000SE into the Smart Schools network, the planned installation of the Smart Schools network, the fluctuation of economic conditions, the performance of management and employees, Inpixon’s 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.
Article By: Andrew Rego