#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 (Investorideas.com 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: https://www.youtube.com/watch?v=js7-2oaNNZs
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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