Inpixon (NASDAQ: INPX) is having an incredibly strong start to the trading session this morning, and for good reason. The company announced that it has been chosen for a “Smart School” safety network. Of course, the news excited investors, sending the stock on a run for the top. Today, we’ll talk about:
- The news;
- what we’re seeing from INPX stock as a result; and
- what we’ll be watching for ahead.
INPX Announces Smart School News
As mentioned above, Inpixon is having an incredibly strong start to the trading session this morning after announcing that it has been chosen for a Smart School network. In a press release issued early this morning, the company said that its Indoor Positioning Analytics (IPA) Sensor 4000SE has been selected to be used in connection with the development of a “Smart School” safety network solution.
The solution is intended to equip schools and campuses with situational awareness and communication technologies. These technologies have the ability to enhance safety in order to create a more optimal learning environment. INPX said that its IPA will detect wireless signals emitted from student-worn, wrist-based devices and other wireless devices with GPS, cellular, Bluetooth and NFC technology on a school’s campus. This allows the school and potential law enforcement, to identify the location of individuals on school property. The company also said that the solution will include an integrated notification system that is capable of disseminating messages relating to a coming or existing emergency.
In a statement, Nadir Ali, CEO at INPX, had the following to offer:
We are honored to have our IPA sensors selected as the future backbone of a system intended to protect and enhance the safety of students and education professionals. It’s essential that schools have the capability to know where people are, to see who’s there that’s not supposed to be, and to be able to communicate directly with everyone on school property.
We believe this solution, while designed specifically for schools, can also be leveraged by and of tremendous benefit to law enforcement and first responders when responding to incidents at schools that have this solution available by providing a systemized platform for location and communication. We are delighted to be part of this wide-reaching business effort to bring smarter connectivity to our schools to better meet today’s unique safety challenges.
The above statement was followed up by Shirish Tangirala, Chief Product Officer at INPX. Here’s what he had to offer:
We believe the Smart School solution will be one of the first to market to seamlessly track a person’s location as they transition between indoor and outdoor. Outdoor positioning via GPS is offered by many providers. However, indoor positioning is much less common. Rarer still is the combination of indoor and outdoor positioning. We believe that the fusion of indoor and outdoor location data will have a significant impact.
What We’re Seeing From The Stock
One of the first lessons that we learn when we start to work in the market is that the news leads to moves. When it comes to Inpixon, the news proved to be overwhelmingly positive. After all, the company’s involvement in the smart school buildout isn’t just going to add potential revenue, it will also center the company in a niche that, if successful, could grow quickly throughout the United States. So, it’s not surprising to see that excited investors are pushing the stock on a run for the top in the marke today. As is normally the case, our partners at Trade Ideas were the first to alert us to the gains. Currently (9:52), INPX is trading at $4.76 per share after a gain of $1.48 per share or 45.12% thus far today.
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What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will continue to keep a close eye on INPX. In particular, we’re interested in following the company’s involvement in the smart school buildout, the revenue the buildout generates, and the progress of the expansion of the smart school niche. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!
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