07/17/2017 | Press release | Distributed by Public on 07/17/2017 07:48
PALO ALTO, Calif. - July 17, 2017 - Inpixon (NASDAQ: INPX), a leading indoor positioning and data analytics company, today announced that subsidiary, Inpixon Federal, has been approved to expand its NASA Solutions for Enterprise-Wide Procurement V (SEWP V) catalog to include offerings that meet the requirements for the Government-wide Strategic Solutions (GSS) for Laptops and Monitors. The NASA SEWP V GSS is part of the overall Federal Strategic Sourcing Initiative (FSSI) established in 2013 by the Office of Management and Budget (OMB). The framework reduces cost and increases value to over 25 federal agencies.
Under the terms of the NASA SEWP V GSS, Inpixon is offering Fujitsu laptops and Samsung monitors to Inpixon Federal's NASA SEWP V catalog.
'We are pleased to have our offerings added to our SEWP V contract,' said Zaman Khan, President of Inpixon Federal. 'Moreover, this program enables federal agencies to procure laptops and monitors that create value for these agencies and are available at a critical time of the last quarter before the end of the government fiscal year, ending September 30, 2017.'
NASA SEWP V is a multi-award Government-Wide Acquisition Contract (GWAC) vehicle with over 140 pre-competed contract holders, of which Inpixon is a prime contractor. The contract value is $20B over a five-year base and one five-year option starting in April of 2015.
Inpixon Federal also holds several other federal contract vehicles including GSA IT Schedule 70, NITAAC CIO-CS, FBI ITAP, Army ADMC-2, and a subcontract on the Army's EITS.
Inpixon (NASDAQ: INPX) is a leader in Indoor Positioning and Data Analytics. Inpixon sensors are designed to find all accessible cellular, Wi-Fi, and Bluetooth devices anonymously. Paired with a high performance, data analytics platform this technology delivers visibility, security, and business intelligence on any commercial or government premises world-wide. Inpixon's products, infrastructure solutions, and professional services group help customers take advantage of mobile, big data, analytics, and the Internet of Things (IoT) to uncover the untold stories of the indoors. For the latest insight on Indoor Positioning and Data Analytics, follow Inpixon on LinkedIn and @_InpixonHQ on Twitter.
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 Act, 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 global economic conditions, the performance of management and employees, the Company's ability to obtain financing, competition, general economic conditions and other factors that are detailed in the Company's periodic and current reports available for review at www.sec.gov. Furthermore, we operate 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. We disclaim any intention to, and undertake no obligation to, update or revise forward-looking statements.
Inpixon Investor Relations:
Scott Arnold, +1 (516) 222-2560
Inpixon Media Contact:
PAN Communications, +1 (617) 502-4347