Following the winning of several contracts, shares of Inpixon (NASDAQ: INPX) were up 39.33% to trade at $6.66 in the open market at the most recent check. INPX stock concluded the normal trading at $4.78 with 0.67 million shares changing hands.
What agreements have INPX gotten?
Inpixon (INPX) has said that since the start of the third quarter of 2022, the firm has obtained multiple fresh purchase orders from eminent businesses to install its Industrial Internet of Things (IIoT) products and services.
- Inpixon obtained a purchase order from one of the biggest electronic wholesalers in the world, making its IIoT platform and UWB tags readily available through this global distribution network.
- In order to install Inpixon’s IIoT products for asset tracking and to improve business operations, INPX received purchase orders for additional solutions in three countries from a top global energy products and services company. This customer will also launch a trial operation using BLE mesh network technology from Inpixon to track high-value assets throughout a sizable manufacturing facility.
- A national health organization that already uses Inpixon’s IIoT apps to help find employees and make workplaces safer has granted Inpixon new buy orders for those products. The solutions from Inpixon are used in places where building systems are supported and managed.
- In order to enhance worker safety and optimize mining operations, INPX also obtained additional buy orders for RTLS components from a number of significant mining equipment manufacturers.
The growing demand for Inpixon’s IIoT solutions further supports its strategic choice to buy INTRANAV late last year. Along with its pilot initiatives, which have the potential to result in long-term contracts with recurring income streams, the company noticed an increase in interest in its products for implementation. These contracts show INPX’s success in delivering practical solutions for the industrial industry, and the business anticipates that this trend will continue.
How is INPX changing things?
To help businesses recognize, detect, and address problems, automated visibility that sets off real-time alerts and actions is essential. A plethora of use cases, including collision avoidance, staff mustering, evacuations, worker searches, and more, are powered by Inpixon’s (INPX) IIoT platform, which assists enterprises in enhancing their compliance efforts. Organizations may increase productivity and optimize industrial processes by utilizing location-aware software. INPX products use context and location data to support enterprises in making better business choices.