SOURCE: Axios Mobile Assets Corp

May 18, 2011 23:01 ET

Axios Mobile Assets Begins Pilot Program With J.D. Smith and Sons

NORTH YORK, ON--(Marketwire - May 18, 2011) - Axios Mobile Assets Corporation (CNSX: AXA) today announced it will begin a six-month pilot program with J.D. Smith and Sons, one of the leading third party logistics firms in Canada. Axios will provide its bio-based pallets enabled with Axios proprietary tracking software for a pilot program with J.D. Smith key clients.

Axios worked with J.D. Smith to enhance its existing work flow process to provide more accurate and real-time visibility of the company's order fulfillment and shipping process. Axios' bundled solution is integrated with J.D. Smith's information technology infrastructure, and encompasses a number of state-of-the-art monitoring technologies.

"Our work with J.D. Smith to develop this program will allow us to demonstrate the true value bundled solutions can bring to their business," said Richard MacDonald, president and CEO of Axios. "This is yet another step in our business strategy to work with leaders in the pallet management market who wish to improve efficiencies in their processes and recognize the importance of improving their operations on an ongoing basis."

Introducing Axios technology into the J.D. Smith truck fleets and docks allows J.D. Smith to monitor handling of shipments within their operations and execution of their shipping to customers. The traceability provides accountability within the preparation for customer orders ensuring timely and accurate shipments. Furthermore, the traceability helps to eliminate unjustified short ships and misguided products to customers, as well as, help to increase inventory accuracy for J.D. Smith. Real-time supply chain visibility also will validate receipt with date/time stamp. An audit trail is maintained, allowing validation of shipment, transit and receipt.

"We are partnering with Axios for this pilot program based on their ability to help our clients and enhance our logistics and their delivery processes," said Scott Smith, president and CEO, J.D. Smith. "This pilot program presents a great opportunity to see the benefits of the Axios solution and will help us identify additional customers that may benefit from it as well."

Axios' evolutionary bio-based composite pallets provide a more cost-effective distribution solution than traditional wood and plastic pallets. The Axios pallet is the first combined technology solution to deliver a demonstrable return on investment. Additionally, as part of Axios's commitment to the environment, greenhouse gas reductions will be monitored and reported to customers as a result of leveraging the bundled solution.

Using Axios integrated pallet solutions allows organizations with significant logistics operations to achieve greater operational efficiencies including improved payloads due to not only reduced pallet weight, but also increased strength, durability, multi-trip capability and cleanliness. In turn, users also will be able to offer their customers additional value-added services by utilizing the bundled data and metrics solution for pallet and shipment tracking, all at a lower cost per trip than existing offerings today.

"Our solutions will allow J.D. Smith to improve transparency into the efficiencies and tracking of their operations," said MacDonald. "We are optimistic this pilot program will help demonstrate a substantial operational cost savings opportunity based on greater control over warehouse inventory and expedited delivery, while reducing the potential for damaged goods," he added.

About Axios Mobile Assets
Axios Mobile Assets Corp. is a logistics enabler, featuring next generation, bio-based pallet technology, which can be bundled with its proprietary tracking and information system that helps improve the value chain in the logistics market. The Axios bundled offering is gaining market acceptance based on its unique attributes: lower total cost, longer useful life, customized configurations and a revenue stream through carbon credit generation, monitoring and the monetizing of carbon emissions reductions. Axios was incorporated under the Business Corporations Act (Ontario) and is a reporting issuer in the Province of Ontario. Axios is traded on the Canadian National Stock Exchange (CNSX) under the symbol AXA.

Further information concerning the Company can be found at www.axiosma.com, www.sedar.com and www.cnsx.ca.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements included in this report and the documents that we incorporate by reference, are forward-looking statements and can generally be identified by words such as "will," "allow," "outlook," or the negative of these terms, and other comparable terminology. Various risks and other factors could cause actual results, and actual events that occur, to differ materially from those contemplated by the forward looking statements, such as whether Axios and the pallet management company are able to agree on the terms of a definitive supply agreement, and whether Axios is able to meet price, performance, quality and delivery requirements. Axios undertakes no obligation to update the information in this press release to reflect events or circumstances after the date hereof or to reflect the occurrence of anticipated or unanticipated events.

Contact Information

  • Contacts:
    Michelle Culver
    Lambert, Edwards & Associates
    Phone: 248-519-1511
    Email: Email Contact

    Axios Mobile Assets
    Phone: 877-762-9467
    Email: Email Contact