PALO ALTO, Calif.,
Jan. 10, 2022
/PRNewswire/ -- Inpixon (Nasdaq: INPX), the Indoor Intelligence™
company, today provided the following remarks from the company's
CEO, Nadir Ali.
"The adoption of innovative immersive technologies as tools for
delivering exceptional experiences are only just beginning to move
into the mainstream. I am just back from CES 2022, the world's
largest consumer electronics and IT exhibition, where the latest in
innovation and technology were on display. It's not surprising that
immersive technologies (i.e., technologies that merge or layer
digital environments with the physical world) had a strong
presence. Twenty twenty-two is being referred to as the 'year of
the metaverse,' following last year's significant new product
activity and the world's largest social media company changing its
name from Facebook to Meta. In a wide variety of
industry verticals, including healthcare, retail, corporates
offices, manufacturing, logistics, engineering, sports and
entertainment, we'll see augmented and virtual reality technologies
play a key role in changing the way organizations work and people
engage with each other. Leveraging these technologies to increase
workforce enablement and customer and employee connectedness will
revolutionize the way in which organizations can enable engagement
and deliver exceptional experiences.
"Inpixon is helping organizations all over the world create
these exceptional experiences by leveraging Indoor Intelligence
technologies to reimagine their workplaces, making them smarter to
achieve higher levels of productivity and performance, increase
safety and security and improve worker and employee satisfaction
rates with better experiences. The core of our corporate strategy
over the last few years has focused on developing and acquiring key
technologies to serve as a primary enabler of digital twins which
can be used in the metaverse while also helping organizations
bridge the gap between their digital and physical environments. As
a result, we are offering what we believe is the most comprehensive
suite of Indoor Intelligence solutions available in the market from
a single provider.
"Inpixon's mapping, positioning, real-time location services,
and campus app solutions are being relied upon by some of the
largest organizations in the world, and I am even more encouraged
than ever about the possibilities that lie ahead for Inpixon. Our
strategy has positioned us well to maximize the opportunity
presented by the major market trends that exist in immersive
technologies at just the right time.
"I'd like to reflect on the innovation and growth we achieved
this past year in 2021 and also take this opportunity to share my
vision for the future of Inpixon in 2022."
A Year of Innovation and Growth: Reimagining the
Workplace
"Twenty twenty-one was a pivotal year for Inpixon.
We had all hoped it would mark the end of a global pandemic and
usher in a return to 'normal,' but instead, it served as year two
of the pandemic and reinforced the concept that what we all
referred to as 'normal' would now have to look different.
"Since the start of the pandemic, Indoor Intelligence
technologies were brought into the spotlight as businesses looked
for innovative solutions to adapt and operate successfully even
through the disruption wrought by the global pandemic. Data from
Inpixon's State of Indoor Intelligence 2021 report revealed
that over 80% of respondents indicated indoor intelligence and
location awareness was important in achieving their 2021 goals.
Organizations began to seek solutions that could meet the demands
of the future of work given the digital workplace transformation
taking place. At Inpixon, we understood the importance of having a
connection to our customers through the end user in order to truly
be able to drive and influence the EXPERIENCE of Indoor
Intelligence. And we knew the 'app' would be the means in which
this would best be accomplished. We also saw an increase in demands
for technologies that could support the changing needs of a hybrid
workplace. The acquisition of The CXApp, a leading smart workplace
app and hybrid events solution provider, was the way we would be
able to address both, by closing the gap to the end user and also
helping organizations meet the demands of this 'new normal.'
"The CXApp acquisition expanded our offerings to include a
location-aware employee app focused on enhancing the workplace
experience, and an events platform able to manage physical, virtual
and hybrid events. Though it has been less than twelve months since
the acquisition, it is already proving to be a very strong addition
to Inpixon's suite of Indoor Intelligence solutions. It is fueling
our rapid growth rate, and in the last few months alone, we built
out more than 150 corporate campuses with tens of thousands of
reservable desks and mapped more than 12 million square feet of
office space.
"Inpixon's acquisition of Visualix's augmented reality, spatial
computing, and computer vision technologies, also in 2021,
brought us the core technological capabilities that are at the
heart of immersive experience technologies. This transaction
provided Inpixon with the foundation for the future of Indoor
Intelligence. We believe the combination of our range of
technological capabilities across spatially-aware maps, apps, and
AR technologies are unique in the market and can assist customers
in reimagining their environments by bridging the physical and
digital world to deliver advanced experiences that drive
productivity, efficiency and satisfaction in a way that other
providers of similar solutions can't offer. With this combination
of capabilities, there is significant market opportunity for
Inpixon across numerous industries, and we're excited about the
game-changing potential of these applications.
"In 2021 we also acquired IntraNav GmbH, a leading industrial
IoT (IIoT), real-time location system (RTLS), and sensor data
services provider. This acquisition brought established
relationships with blue-chip companies and positions Inpixon as a
one-stop-shop for comprehensive location intelligence solutions for
both the corporate and industrial sides of an organization. The
acquisition also expanded our RTLS capabilities with an enhanced
industrial IoT platform for Industry 4.0 smart factories, smart
warehouses and digital supply chains. We believe we are now
positioned at the heart of the fourth industrial revolution,
commonly referred to as Industry 4.0, with the new and
comprehensive products IntraNav brings to Inpixon. There are
significant growth opportunities within this market, and we believe
we are the only company able to address both the organizational and
industrial sides of a business, a major competitive
differentiator.
"Through these acquisitions, we obtained not only industry
leading technologies but also established customer bases with
top-tier organizations. Specifically, our Indoor Intelligence
customer base[1] expanded 55% in 2021 and includes numerous
companies using our solutions within the esteemed Fortune 1000
list. We believe our success with these very large enterprises is
further validation of the value proposition, cost savings, and
broad capabilities of our products and solutions as a result of our
strategic initiatives.
In addition to the strong growth in the number of large
companies in our customer base, we also accomplished the following
during 2021:
- Closed more than 230 deals[2]
- Secured nearly $18 million in
total contract value bookings[3]
- Increased our SaaS annual recurring revenue bookings by more
than $4 million[4]
"The market pundits have taken notice of our advanced solutions.
We won a number of industry awards, received continued recognition
as a Visionary in the 2021 Gartner Magic Quadrant for Indoor
Location Services, Global, and were named an IDC Innovator for
Location & Geospatial Intelligence 2021 with the
researcher highlighting the overall maturity of the Inpixon
platform as a key differentiator."
The Future: Continued Growth and Acceleration
"Inpixon is committed to continued growth and innovation that
delivers exceptional user experiences, and we are excited by the
opportunities of what can be accomplished in the physical and
digital world when leveraging our comprehensive Indoor Intelligence
platform, mobile apps, and patented technologies to create
actionable intelligence. With our extensive portfolio of solutions,
we are very well positioned to meet the needs of our customers and
new potential customers at any step in their journey in the real
world or in the metaverse. In 2022 we look to further expanding our
immersive experiences with hybrid events. Inpixon has one of the
leading platforms to provide customers with capabilities to bridge
IRL (in real life) and online events, and we will extensively
market this solution to existing and prospective corporate
customers. We will also pursue the substantial cross-selling
opportunities for our IOT/RTLS asset tracking solutions within our
existing CXApp customers, some of which are already in discussion.
We continue to grow our recurring revenue and expand our robust
pipeline with major global enterprises and government agencies
which should help us drive the company's valuation.
"As we start the new year, we intend to focus on unifying and
branding our expanding portfolio of offerings, and you will notice
some changes to our website to reflect the full scope of our
solutions. I hope you'll join the conversation with us
on LinkedIn, Twitter, and Facebook, as we help
organizations uncover what's possible with Indoor Intelligence.
"Inpixon remains fully committed to building shareholder value
by continuing to grow our business, working towards positive
cash-flow, and leveraging our strong balance sheet. We believe we
have built a foundation for future success, both operationally and
financially. We deeply appreciate the support of all of our
shareholders and look forward to exciting developments in the new
year.
"I am also appreciative and proud of our employees around the
world which have stayed productive and connected while remaining
committed to our core values and to our vision to do good with
indoor data."
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 if needed, 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.
Inpixon Contacts
Media relations and general inquiries:
Inpixon
Email: marketing@inpixon.com
Web: inpixon.com/contact-us
Investor relations:
Crescendo Communications, LLC
Tel: +1 212-671-1020
Email: INPX@crescendo-ir.com
[1] Excludes SHOOM and SAVES lines of business.
[2] Includes new business, add-ons and expansions.
[3] Includes multi-year commitments for which some portion of
the revenue is anticipated to be recognized in future periods.
[4] Annual net increase over previously secured recurring
revenue bookings.
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SOURCE Inpixon