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Wednesday, September 20, 2017

#IoT Company #Trakopolis (TSXV: $TRAK.V) Wins New Enterprise Customer for its ELD Offering ; @trakopolis

#IoT Company #Trakopolis (TSXV: $TRAK.V) Wins  New Enterprise Customer for its ELD Offering  ; @trakopolis

Number of active ELD subscriptions now 332 with the potential for an additional 750 from initial customers

Calgary, Alberta - September 20, 2017 ( Newswire) #IoT Stock News -Trakopolis IoT Corp. (TSXV: TRAK) reports  on strong sales results of its recently launched (Electronic Logging Device) ELD product.

The Company has won a new enterprise customer for its ELD offering bringing the number of active ELD subscriptions to 332 with the potential for an additional 750 from initial customers. Active pilot projects represent further opportunities in excess of 600 ELD units.

Watch our ELD Solutions Video Here:

About the ELD Mandate
Another key driver of growth for the telematics industry overall is the incoming electronic logbook requirements. This is a result of the U.S. FMCSA’s (Federal Motor Carrier Safety Administration) new rules aimed at improving the safety of commercial truck and bus drivers. The rule requires drivers to install and use electronic logging devices (moving away from paper records) to ensure the compliance with hours-of-service regulations. The new rule will go into effect in December 2017 and will be implemented in phases over the following two years. Canada is expected to follow with similar regulations. To enhance its offering in this area, Trakopolis purchased the electronic logbook software assets of Verigo in November 2016. Trakopolis is now able to offer its growing customer base a solution to address these regulations.

About Trakopolis
Trakopolis is a Software as a Service (SaaS) company with proprietary, cloud-based solutions for real-time tracking, data analysis and management of corporate assets such as equipment, devices, vehicles and personnel. The Company’s asset management platform works across a variety of networks and devices. Trakopolis has a diversified revenue stream from many verticals including oil and gas, forestry, transportation, construction, rentals, urban services, mining, government and others.

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