logo
  Join        Login             Stock Quote

Motorola Solutions Invests in TRX Systems Inc.

Monday, November 12, 2012 9:00 AM


Motorola Solutions Inc. (NYSE: MSI), through its strategic investment arm, Motorola Solutions Venture Capital, today announced its investment in TRX Systems Inc. This investment will be used to fund integration of the TRX NEON Indoor Location System with Motorola Solutions radios to expand the industrial and commercial location applications for which the TRX sensor fusion and mapping technology is applied and to scale sales and marketing. Motorola Solutions’ investment is part of a nearly $2 million Series A investment round that includes New Dominion Angels, the Maryland Department of Economic Development and insider investors.

TRX Systems is the developer of NEON, an award-winning personnel tracking system that delivers location-based data on people who are indoors and in urban areas where GPS is unavailable or unreliable such as inside buildings and in tunnels or metros. NEON uses TRX sensor fusion and mapping to correlate information from a broad array of sensors, including magnetic, ranging, inertial, light, pressure, RF and GPS, and combines it with known and discovered map information.

“TRX sensor fusion and mapping technology uniquely delivers 3D indoor location in environments where it is not possible to rely on pre-existing and networked infrastructure,” said Carol Politi, president and CEO of TRX Systems. “The market for indoor location is growing rapidly, and this funding, complemented by our sales revenues, will allow us to increase investments in indoor location development and accelerate entry in new markets.”

“The ability to locate personnel operating indoors and often in hazardous situations improves command effectiveness, increases personnel safety and ultimately saves lives,” said Mel Gaceta, investment manager, Motorola Solutions Venture Capital. “The TRX NEON Indoor Location System clearly complements Motorola Solutions’ capabilities to improve safety for mission-critical users.”

“Most indoor location technologies being deployed today count on precision mapping of RF signals (e.g., Wi-Fi) and require reliable floor plans,” said Carole Teolis, TRX co-founder and chief technology officer. “TRX NEON indoor location technology uses sensor-fusion and map discovery technologies to deliver robust location estimates even without permanent infrastructure or comprehensive floor plans. This allows indoor location to be delivered when you do not control the building and when building infrastructure and maps are simply not reliable.”

About TRX

TRX Systems delivers precise, infrastructure-free tracking systems that safeguard personnel operating indoors and in locations without access to reliable GPS. The TRX Systems’ unique sensor fusion and mapping technology greatly improves situational awareness and command effectiveness by providing precise, real time 3D personnel location in areas that are GPS-denied. For more information on NEON Indoor Location Technology, visit: www.TRXSystems.com.

About Motorola Solutions

Motorola Solutions is a leading provider of mission-critical communication solutions and services for enterprise and government customers. Through leading-edge innovation and communications technology, it is a global leader that enables its customers to be their best in the moments that matter. Motorola Solutions trades on the New York Stock Exchange under the ticker “MSI.” To learn more, visit www.motorolasolutions.com.

About Motorola Solutions Venture Capital

Motorola Solutions Venture Capital is the strategic equity investment arm of Motorola Solutions. Its diversified portfolio is focused on “new-idea” companies and opportunities that complement Motorola Solutions’ business strategy. Motorola Solutions Venture Capital invests at all stages in developing companies to accelerate access to new technologies, new markets and new talents. For more information, please visit www.motorolasolutions.com/ventures.

MOTOROLA, MOTO, MOTOROLA SOLUTIONS and the Stylized M Logo are trademarks or registered trademarks of Motorola Trademark Holdings, LLC and are used under license. All other trademarks are the property of their respective owners. ©2012 Motorola Solutions, Inc. All rights reserved.

(Source: Business Wire )
(Source: Quotemedia)

Advertisement
Advertisement



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.