TrackX and Trakopolis are two Canadian IoT companies to watch, Haywood Securities says

Jun 19 17:06 2018 Print This Article

As the market for connected technology continues to evolve, companies in the Internet of Things sector are seeing their growth opportunities multiply, including two emerging Canadian businesses that analyst Pardeep Sangha of Haywood Securities has added to his watchlist of tech companies: TrackX Holdings (TSXV:TKX) and Trakopolis (TSXV:TRAK).

The Internet of Things is being powered by the proliferation of devices and sensors that are connected to the Internet in order to generate data on physical environments. And within that realm lies telematics, which uses connected tech to transmit information concerning vehicles and transportation, from GPS positioning and trip time to online diagnostics regarding fuel consumption and engine status.

Both TrackX and Trakopolis are poised to gain from advances in telematics, an industry that is expected to grow at a 20.3 per cent CAGR, reaching US$51.3 billion by 2021, says Sangha.

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Cantech Letter

Founded in 2008 by Nick Waddell, Cantech Letter is an online magazine focusing on Canadian technology. The site has grown into one of the most popular and respected financial sites in Canada, and was described by Canadian Business Magazine as “one of Canada’s premier technology newsletters”. Waddell, who is Senior Editor, is routinely called on by the mainstream media for perspective on Canadian technology, and has been featured on BNN, CTV News Channel, and the CBC program “The Lang and O’Leary Exchange” in addition to mainstream print media such as The Guardian, The International Business Times, The Globe and Mail, Macleans, The Waterloo Record , Canadian Business, Slate, and Business Insider. You can email Nick at nick@cantechletter.com Cantech Letter is focused on those companies listed on the TSX and TSXV Technology, Cleantech and Life Sciences Sectors. Each year we present the Cantech Letter Awards, which honor Canada’s Top Technology Stock and Top Technology Stock Executive.

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