Inpixon (INPX) Acquires IntraNav

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."

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