logo
  Join        Login             Stock Quote

Motorola Solutions (MSI) Invests In TRX Systems To Fund Indoor Location Technology

 November 12, 2012 10:14 AM
 


(By Balachander) Motorola Solutions Inc. (NYSE: MSI) announced an investment in TRX Systems Inc., a maker of personnel tracking systems, to fund the expansion indoor location technology. 

Greenbelt, Maryland-based TRX has raised $2 million in Series A funding round that include Motorola Solutions Venture Capital, New Dominion Angels and the Maryland Department of Economic Development.

TRX Systems is the developer of NEON, a 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.

[Related -Trying To Beat The Market Is A Fool's Errand]

"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."

According to the companies, 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.

MSI shares traded 0.43 percent higher at $53.34 on Monday.

iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageRussell 2000 Showing Relative Weakness at the New Highs

A quick “Quad Index” Grid shows us that the small-cap Russell 2000 is showing relative strength to the read on...

article imageThe Poster Boy For Liberal Economics Discovers The Tax Factor

Paul Krugman seems to be having a supply-side-economics moment… sort of. Raising taxes, the NY Times read on...

article imageMacroprudential Policy And Distribution Of Risk

There is very little doubt that housing prices and leverage played a strong role in the global financial read on...

article imageIs the World Turning Japanese?

Many really think so, but reality suggests read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



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.