Benzinga | Jun 22, 2021 12:58PM EDT

Inpixon's Smart Office App Bags Purchase Order From Media, Entertainment Conglomerate

* A global media and entertainment conglomerate with a portfolio of movie, cable, and network television, sports, and news brands chose Indoor Intelligence company Inpixon's (NASDAQ:INPX) smart office app for implementation multiple corporate campuses, including its global headquarters.

* The financial terms of the order remain undisclosed.

* Inpixon acquired the intelligent office app in the recent CXApp transaction.

* Inpixon will deploy its location-aware employee app to assist the customer with a successful transition back to the office through an intelligent, innovative, and connected workplace via a single app for all employee needs.

* The implementation will include hundreds of Bluetooth low-energy (BLE) beacons for proximity detection and positioning and allow users to book rooms simply by waving their phone over NFC-enabled stickers using CXApp's native Book It features.

* Inpixon's smart office app also recently won a multi-year seven-figure contract from a significant European-based commercial and retail banking firm.

* Price action: INPX shares traded lower by 3.54% at $1.09 on the last check Tuesday.