Axios Mobile Assets to Provide a Third US Regional Egg Producer With Next-Generation Shipping Solution With Multi-Year Contract
VAUGHAN, ON--(Marketwired - August 05, 2015) - Axios Mobile Assets Corporation (CSE: AXA) ("Axios" or the "Company") is pleased to announce that it has entered into a multi-year service and pooling contract with a US regional egg producer. The agreement will extend use of the Axios Solution -- an advanced logistics system, providing greater visibility of both the clients palletized load and pallet together, monitoring location and other aspects of the lightweight RFID Axios composite pallets -- into the eastern United States. The egg producer supplies eggs and egg products to customers in New York, Pennsylvania and over 10 other eastern states.
"We are very pleased to be working with this egg producer and view this new relationship as an important step in our nationwide rollout of the Axios logistics solution in the perishable foods industry," said Rich MacDonald, President and CEO of Axios Mobile Assets. "Each new jurisdiction we develop a presence in brings the opportunity to increase shipping density with additional producers, and additional product verticals, so geographic expansion is a strategic focus for us."
Axios' pooling and retrieval group will work in conjunction with the producer to implement the launch and will begin supporting deliveries in the month of August.
About Axios Mobile Assets
Axios Mobile Assets Corp. is a logistics enabler, providing greater supply chain visibility. The Axios Solution features next-generation lightweight composite pallet technology with an integrated data management system, providing a comprehensive solution for customers. The Axios Solution, when applied with its proprietary tracking and information system delivers actionable data that helps improve visibility and transparency within their customers' value chain. The Axios Solution continues to gain market acceptance based on its unique attributes: lower total cost, longer useful life and customized configurations. The Axios Solution will increase sustainability performance for its users through the generation and subsequent retirement of carbon credits. It also enables customers to monetize the generated credits to provide an additional revenue stream, to assist in the overall reduction of cost within their supply chain. Axios was incorporated under the Business Corporations Act (Ontario) and is a reporting issuer in the Province of Ontario. Axios is traded on the Canadian Securities Exchange (CSE) under the symbol AXA.
Further information concerning the Company can be found at www.axiosma.com, www.sedar.com and www.cnsx.ca.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements included in this report and the documents that we incorporate by reference, are forward-looking statements and can generally be identified by words such as "will," "allow," "outlook," or the negative of these terms, and other comparable terminology. Various risks and other factors could cause actual results, and actual events that occur, to differ materially from those contemplated by the forward looking statements, such as whether Axios and the pallet management company are able to agree on the terms of a definitive supply agreement, and whether Axios is able to meet price, performance, quality and delivery requirements. Axios undertakes no obligation to update the information in this press release to reflect events or circumstances after the date hereof or to reflect the occurrence of anticipated or unanticipated events.
FOR FURTHER INFORMATION PLEASE CONTACT:
Pres. & CEO
877.762.9467 x 601