SOURCE: Axios Mobile Assets Corp.

Axios Mobile Assets Corp.

November 26, 2015 07:30 ET

Axios Named One of Canada's 20 Most Innovative Public Technology Companies by Canadian Innovation Exchange

MISSISSAUGA, ON--(Marketwired - Nov 26, 2015) - Axios Mobile Assets (CSE: AXA) (OTCQB: AXBSF) ("Axios" or the "Company") is pleased to announce that it was named one of the 20 most innovative public technology companies in Canada for 2015 by the Canadian Innovation Exchange ("CIX"). The award is presented to Canadian public companies with particularly innovative technology products backed by strong management, excellent service standards and sound business models.

"Axios is honoured to be recognized by the Canadian Innovation Exchange and wishes to thank the organization for this recognition," said Axios Mobile Assets President and CEO Richard MacDonald. "Our team succeeded in combining several existing technologies to create a transportation logistics solution that was brand new to the market. The Axios system addresses multiple problems within the supply chain for perishable goods, and high value transport sensitive commodities and is experiencing rapid adoption by food producers in the United States."

Benefits of the Axios system include reduction in food spoilage and significantly enhanced biosecurity standards. The system utilizes sensor-equipped pallets and an easy-to-use client dashboard to monitor location, temperature, vibration and other conditions while food is in shipment.

Richard MacDonald delivered a presentation about the Axios Solution and the outlook for the Company at the CIX Public Investor Day on Wednesday, November 18. The event was held at MaRS Discovery District in downtown Toronto.

About Axios Mobile Assets

Axios Mobile Assets Corp. is a supply chain logistics company. Axios is becoming a key supplier of pooled pallets primarily in the perishable food category. The Axios Solution, includes proprietary tracking and information systems that deliver actionable data that helps improve supply chain visibility and food safety. The Axios Solution is gaining market acceptance based on its unique attributes: lower total cost, lighter weight, sanitary pallets, and real time data. 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 Securities Exchange (CSE) under the symbol AXA, and on the OTCQB Venture Marketplace under the symbol AXBSF.

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.

The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information

  • CONTACT:
    Richard MacDonald
    President & CEO
    Email Contact
    877-762-9467 x601

    Peter Murray
    Shareholder Contact
    Email Contact
    778-839-8382