Inpixon Inc. (NASDAQ: INPX) stock plunged by 8.16% at last close whereas the INPX stock price gained by 19.56% in the after-hours trading session. Indoor Intelligence pioneer Inpixon provides actionable information for people, places, and things. Inpixon helps businesses build smarter, safer, and more secure workplaces by combining the power of mapping, location, and analytics.
INPX stock’ Update
Inpixon and Ostendo Technology, a pioneer in quantum photonics and microdisplay technologies, in order to carry forward their Strategic Collaboration and Cross-Marketing Agreement, they’ve now signed a Statement of Work to make augmented reality (AR) enabled smartphone ‘ExperienceApp’ for the City of Miami Beach’s Washington Avenue Business Improvement District exclusively. For the first two years, it will also help the integrated usage of Ostendo’s AR smart glasses.
Troy E. Wright, Executive Director of the Washington Avenue Business Improvement District, stated
They are delighted to join such creative organizations as Inpixion and Ostendo as they pursue their objective to advance the redevelopment of Washington Avenue, one of Miami Beach’s most important streets.
The heartbeat of Miami Beach is Washington Avenue, and Inpixon’s ExperienceApp, which combines AR, mapping, and real-time location technologies with Ostendo’s incredible AR smart glasses, can be revolutionary as they invite greater creativity in their enjoyment of this flourishing area. They anticipate that the millions of yearly visitors to their companies and cultural offerings will embrace this forum and discover a plethora of innovative ways to use augmented reality to enrich their vacation and daily experiences.
Nadir Ali, CEO of Inpixon commented,
They launched their partnership with Ostendo eight weeks ago to bring innovative augmented reality-enabled products via wearable AR display spectacles. Now, we’re overjoyed that the Washington Avenue Business Improvement District in Miami Beach has agreed to utilize our integrated technology. The CXApp mobile app platform will be used to create Inpixon’s ExperienceApp. To provide a superior user experience, it will include mapping, location, analytics, and augmented reality. It will be useful, clever, and simple to use, and it will be seen via Ostendo AR smart glasses.