INPX Stock: Why It Increased

By Amit Chowdhry ● Oct 13, 2021
  • The stock price of Inpixon (NASDAQ: INPX) increased over 3.5% yesterday. This is why it happened.

The stock price of Inpixon (NASDAQ: INPX) increased over 3.5% yesterday. Investors are responding positively to Indoor Intelligence company Inpixon announcing it has received a Notice of Allowance from the U.S. Patent and Trademark Office allowing its patent application for certain geolocation and state-reporting methods and techniques for weapon tracking and reporting utilizing GPS, cellular, sound, and vibration.

These technologies could be applied to a range of critical asset tracking use cases, for example, to report the location of a fired weapon.

KEY QUOTE:

“We continue to expand our strong intellectual property portfolio and are pleased to be awarded this new patent, which follows the recent announcement of our multi-channel spatial positioning patent. Asset tracking provides valuable information across a diverse range of applications including safety and security. Inpixon uses certain of these newly patented methods in its weapon tracking product today and intends to apply the range of covered techniques into other critical asset tracking solutions. We see significant market potential for this latest IP across the military, law enforcement and other use cases.”

— Adam Benson, CTO of Inpixon

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.