GroupMobile Lands a US $1.95 Million Sales
Order
Route1 Inc. (OTCQB:ROIUF) (TSX-V:ROI) (the “Company” or “Route1”),
North America's most advanced provider of industrial-grade data
intelligence, user authentication, and ultra-secure mobile
workforce solutions, is adopting a new trade name and acknowledging
an adjusted value proposition in recognition of its expanded
offering.
Expanded Offering
In a joint venture with HTM Sensors, Route1
successfully launched ActionPLAN, Powered by MobiNET, an
industrial data analytics platform, in the spring of 2017. On March
22, 2018, Route1 acquired Group Mobile Int’l LLC, a supplier of
ruggedized mobile devices, integration and lifecycle management
services.
These two actions vastly increased the
capabilities of our Company. But we have done more than simply
adding data intelligence and mobile workforce solutions to our
capabilities. By integrating those offerings with MobiNET, our
secure service delivery platform, as well as the Route1 suite of
security technologies, we enable the organizations that use our
mobile device and analytics solutions to maintain the highest level
of cyber security, exceeding the most stringent government /
military / enterprise privacy and security standards.
New Trade Name, New IdentityThe
new trade name and tagline that we have chosen are
GroupMobile, It’s All About the
Data.
The new group empowers organizations to make
intelligent use of devices and data for immediate business
improvements while maintaining military-grade data security. The
chain of results that this new value proposition delivers is
identical for government, military and private enterprise
customers:
- Process Optimization
- Operational Efficiency
- Mission Accomplishment
- Regulatory Compliance
“When Route1 was formed in 2004, it was to
develop a solution that provided secure mobile access to
enterprise digital resources using multi-factor authentication,”
said Tony Busseri, Route1 CEO. “Our approach was unique: in a world
driven by functionality, we built solutions with security as a
first principle. As our offering expanded, that principle has not
changed. We believe that our security posture, built into all of
our offerings, is a core strategic advantage to our company and
also to our customers.”
Building a Stronger
CompanySixteen months ago, Route1 started its business
pivot to becoming a stronger, more profitable company by growing
our product offering through leveraging our core competencies and
actualizing on the value of our intellectual property.
Today, we are aggressively positioning the
Company as a leader in empowering organizations with
custom-configured rugged devices, data-centric solutions and
the insights necessary to streamline operations, minimize costs and
gain competitive advantages while maintaining a high level of cyber
security.
Contract Award
GroupMobile recently received a sales order from
a local partner valued at approximately US $1.95 million pre-tax
for ruggedized devices. The devices are being procured by a
city in the Pacific Northwest of the United States. Route1
expects the delivery of the hardware for this order to occur in the
third quarter of 2018.
This order demonstrates again the positive
outcome of our initiative to focus on and improve our hardware
vendor relations. 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.
Q3 and YTD 2018 Financial
Results
Route1 will report its financial results for the
period ended June 30, 2018 before the markets open on Thursday,
August 16, 2018. The Company will also hold a conference call
and web cast to discuss the Company’s financial results and provide
a business update on Thursday, August 16, 2018 at 9 a.m.
eastern.
Participants should dial Toll-Free:
1-866-548-4713 or Toll/International: 1-323-794-2093 at
least 10 minutes prior to the conference, pass code 3698568.
For those unable to attend the call, a replay will be available on
August 16, 2018 after 12: 00 p.m. at Toll-Free 1-844-512-2921
or Toll/International 1-412-317-6671, pass code 3698568 until 11:59
pm on August 30, 2018.
The webcast will be presented live at
http://public.viavid.com/index.php?id=130852.
About Route1 Inc.Route1,
operating under the tradename GroupMobile, is North America's most
advanced provider of industrial-grade data intelligence, user
authentication, and ultra-secure mobile workforce solutions.
The Company helps all manner of organizations, from government and
military to private sector, to make intelligent use of devices and
data for immediate process improvements while maintaining the
highest level of cyber security. 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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