Route1 Inc. (OTCQB:ROIUF) (TSXV:ROI) (the “Company” or “Route1”), a
leading technology solutions innovator dedicated to delivering
secure data protection technologies and mobility solutions for
government and the enterprise sector, provided today a business
update.
Contract Award
Route1, through its wholly owned subsidiary
Group Mobile Int’l, LLC, recently received a purchase order valued
at approximately US $5.9 million pre-tax from an integrated energy
company engaged primarily in electric power production and retail
distribution operations in the southern United States to provide
the client with ruggedized devices. Route1 expects the
delivery of the hardware for this order to occur in the third
quarter of 2018.
This order demonstrates the positive outcome of
our initiative to focus on and improve our hardware vendor
relations. We believe that we are poised to increase our
sales from hardware vendor generated leads. Although hardware
vendor originated sales leads normally have lower margins than
Group Mobile’s recent aggregate experience of 16-22%, Route1 is
working with its hardware vendors to increase margins with expanded
service and application software offerings.
MobiKEY Partnerships
On July 5, 2018 Route1 announced that the
MobiKEY technology now works with Samsung DeX. Military
personnel are required to work wherever their mission takes them -
on base, at home, or deployed in the field. With products like
Samsung DeX, which transforms mobile productivity, users can easily
connect their latest Samsung Galaxy smartphone to a monitor,
keyboard and mouse for a convenient PC-like experience. And, when
combined with Route1’s MobiKEY solution, personnel gain secure
remote access to DoD networks, desktops and files through a
CAC-authenticated session.
Additionally, earlier this week Thursby Software
Systems, Inc. (“Thursby”) announced the partnership of the Thursby
PKard Reader with Route1’s MobiKEY software application. Current
Thursby DoD and government customers can now add the MobiKEY
software application, utilize their PKard Reader to authenticate
themselves by using their Department of Defense issued Common
Access Cards, federally issued Personal Identification Verification
cards, or commercially issued PIV-I cards, and be able to remotely
access their local desktop, on any mobile device, with the highest
levels of security and encryption.
AirWatch Lawsuit update
The claim construction hearing (the “Markman
Hearing”) was held on July 2, 2018 in Wilmington, Delaware presided
over by the Honorable Richard G. Andrews in relation to civil
action number 1:17-cv-00331-RGA. We expect the Judge’s
decision on the construction of the claim terms no later than
August 31, 2018.
Important upcoming dates in this litigation can
be found at
https://www.route1.com/investors/patent-litigation/.
Route1 filed a complaint against AirWatch in
federal court in Delaware on March 27, 2017, alleging that AirWatch
is infringing Route1’s U.S. Patent No 7,814,216.
Organization Changes
Brian Brunetti, President will be leaving Route1
on July 27, 2018 to pursue a new career opportunity in the
environmental services sector. Brian has been a valuable
contributor to Route1 since he first joined the Company in the
summer of 2010.
Route1 will bring in Bob Hooper as Chief Sales
and Marketing Officer (CSMO). Bob is the President of HTM Sensors
and will provide Route1 with his services on a part time
basis. Bob has been instrumental in bringing ActionPLAN
Powered by MobiNET to market.
In addition, Route1 expects to hire by month’s
end a VP of Engineering to provide deeper overall management depth
to better fit Route1’s leadership requirements.
Building a Stronger Route1
Fifteen months ago, Route1 started its business
pivot to becoming a stronger more profitable company by looking to
grow our product offering through leveraging our core competencies,
and actualizing on the value of our intellectual property.
Today, we are aggressively positioning the
Company to be a leader in empowering organizations with
data-centric solutions and insights necessary to streamline
operations, minimize costs and gain competitive advantages while
maintaining the high level of cyber security posture.
Over the course of the summer we will be sharing
more information on how we plan to evolve as a company. We
expect to announce our Q2 2018 financial results and hold a
shareholder webcast and conference call on or about August 17,
2018.
About Route1 Inc.Route1 Inc. is
a leading technology solutions innovator dedicated to enabling
mobility for government and focused enterprise vertical markets by
delivering secure data protection technologies and mobility
solutions. The Company’s suite of patented enterprise security
solutions, which includes MobiKEY, ActionPLAN, powered by MobiNET,
MobiENCRYPT and DerivID, delivers best-in-class authentication,
data security, data analytics and secure remote access, running on
a proven, trusted infrastructure, which meets or exceeds the
highest security standards for government and industry. Route1
has earned a Full Authority to Operate from the U.S. Department of
Defense, the U.S. Department of the Navy, the U.S. Department of
the Interior, and other government agencies. The Company is
proud to be a trusted solutions partner in the banking, healthcare,
legal, education, public sector, manufacturing, logistics, field
service and warehousing industries.
Through Route1’s wholly owned subsidiary, Group
Mobile Int’l, LLC, the Company is a trendsetter in the enterprise
technology space by providing expertise in building mobility
solutions and deploying complete offerings into vertical markets
through specialized hardware, software and our expanding services
capabilities. Route1 is a pioneer in IIoT (Industrial
Internet of Things) through the delivery of our ActionPLAN, powered
by MobiNET technology, which not only captures data from electrical
inputs including sensor data but takes it to the next level by
interpreting, analyzing, transforming the data to deliver strategic
business intelligence.
The diverse but complimentary technologies our
Company provides, along with the level of experience and expertise
of our team, uniquely positions us as the pre-emptive leader in
secure and complete mobile technology solutions. Route1
remains focused and dedicated to serving the needs of our business
partners; to positively influence their profitability, contribute
to their longevity and share in their success. With offices
and staff in Washington, D.C., Boca Raton, FL, Phoenix AZ,
Chattanooga TN and Toronto, Canada, Route1 provides leading-edge
solutions to public and private sector clients around the
world. Route1 is listed on the OTCQB in the United States
under the symbol ROIUF and in Canada on the TSX Venture Exchange
under the symbol ROI. For more information, visit:
www.route1.com.
For More Information, Contact:
Tony BusseriCEO, Route1 Inc.+1 416
814-2635tony.busseri@route1.com
This news release, required by applicable
Canadian laws, does not constitute an offer to sell or a
solicitation of an offer to buy any of the securities in the United
States. The securities have not been and will not be registered
under the United States Securities Act of 1933, as amended (the
"U.S. Securities Act") or any state securities laws and may not be
offered or sold within the United States or to U.S. Persons unless
registered under the U.S. Securities Act and applicable state
securities laws or an exemption from such registration is
available.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
© 2018 Route1 Inc. All rights reserved. No part
of this document may be reproduced, transmitted or otherwise used
in whole or in part or by any means without prior written consent
of Route1 Inc. See
https://www.route1.com/terms-of-use/ for notice of Route1’s
intellectual property.
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