TrackX Holdings Inc.
TSX VENTURE : TKX

TrackX Holdings Inc.

June 15, 2016 10:08 ET

TrackX Enlists SaaS Network and Cloud Computing Pioneer Art Mesher as Advisor to Board of Directors

DENVER, COLORADO--(Marketwired - June 15, 2016) - TrackX Holdings Inc. (TSX VENTURE:TKX) ("TrackX" or the "Company"), a leading provider of RFID-enabled asset tracking and supply chain management solutions, today announces that Art Mesher, a pioneer in business integration and supply-chain solutions, has joined the Company as an advisor to the Board of Directors.

"Art's continuous track record of building 'metrics-driven, results focused' supply chain companies is well documented. His has a keen ability to combine long-term strategy with real world execution and has delivered exceptional returns for his customers and shareholders," said TIm Harvie, President and CEO of TrackX. "We have known each other almost 30 years and we have traveled many parallel paths over that period of time. Having Art as an advisor to TrackX will allow us to tap into his research, thought leadership and operating experiences with systems that manage resources-in-motion. His specific insights on creating world-class customer focused delivery platforms and executing a 'buy and build' strategy in the public marketplace will be valuable for us and we are thrilled to have him on our team."

Mesher said, "With their current backlog and customer successes behind them, and the large market opportunity in front of them, Trackx has a great opportunity to become the preeminent Asset Tracking and Inventory Management provider within the Industrial Internet of Things. Despite billions of RFID (Radio Frequency Identification) tags and other auto ID technologies there is a huge gap for providing hardware agnostic, enterprise solutions that integrate easily in backend ERP (Enterprise Resource Planning) systems in order to provide mission-critical data necessary to further drive supply chain and workflow efficiencies across the enterprise."

Art Mesher

Art Mesher is currently the Chancellor of CleanSL8(Slate) DNA (Development Network and Advisors) and is the Chairman of the Board of The Core Group and Versapay Corporation. He also sits on the Board of Directors for Livingston International, Absolute Software and Nulogy, and is Chairman of Build Directs Advisory Board. More recently, Mesher was the CEO and Chairman of the board of The Descartes Systems Group Inc., leading the creation of the first on-demand logistics network that provides application and communication capabilities. Appointed CEO in 2004, he spearheaded the company's turnaround from large losses to awarding-winning accolades and financial performance.

Mesher is a pioneer in harnessing the integration of business communities and is considered one of the founders of SaaS networks and cloud computing. Mesher began building SaaS-based technology to automate freight processes in the 1980s and helped start and grow Vocam Systems, a logistics network software company which went public before being acquired by Pitney Bowes in 1990. Subsequently, Mesher was President of Advanced Logistics Research, where he helped leading companies such as AMR (Sabre), CSX and Caterpillar develop and deploy emerging technology-based supply-chain strategies. He also launched the Integrated Logistics Strategies Services practice at Gartner Group Inc., a leading technology research and advisory firm, and built it into one of the premiere advisors to major global corporations.

About TrackX

TrackX, headquartered in Denver, Colorado, is a leading provider of RFID, GPS and sensor-enabled asset tracking solutions to customers seeking improved visibility, utilization and analytics pertaining to their high-value assets and inventory. TrackX's patented, enterprise-scalable, cloud-based asset tracking platform combines support for multiple auto-ID technologies with workflow, event management, alert notification and a comprehensive analytics platform to deliver significant value to a growing list of fortune 500 customers. Today, TrackX is providing high-value asset tracking, yard management, returnable asset management and mobile inventory management solutions to customer in such industries as transportation, beverage, brewery, healthcare, hi-tech, hospitality, mining, agriculture, horticulture, manufacturing and government.

Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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