Imex Systems Inc. Expands Solutions in Fintech for Governments
Imex Systems Inc. Expands Solutions in Fintech for Governments
Momentum Public Relations
Press Release: April 17, 2017
TORONTO, ONTARIO–(Marketwired – April 17, 2017) – Imex Systems Inc. (“Imex” or the “Company”) (TSX VENTURE:IMEX), a software solution provider to Governments, Municipalities and Public Authorities, is pleased to announce the following update to its business operations.
Imex Systems Inc. is currently supplying Digital Government Technology platforms for Governments and providing Smart City solutions. Payments are an important part of Governments and Smart Cities and Imex already has a sophisticated payment technology platform called iPay. Governments anywhere in the world are the largest recipients of payments and also the largest payors. Imex is now extending the iPay solution, to incorporate digital wallet technology to help citizens make payments for Government products and services. This creates a tremendous opportunity for both Governments and Imex. Governments and cities can reduce the cost of accepting digital payments, while providing additional convenience for citizens.
The system to be launched by Imex, will be an innovative offering that can help citizens not only make payments to the Government, but also receive Government disbursements like pensions, social benefits through the digital wallet. The platform will be launched both in developed markets as well as in emerging countries. The technology will support smart phones, conventional mobile phones, as well as other channels. In the case of smart cities, the digital wallet will support payments for parking, public transportation and other services.
Imex sees tremendous international growth, especially in Africa and India, not only in the digital wallet area, but also in the launch of Government prepaid credit cards.
About Imex Systems
Imex Systems Inc. is a Canadian software products, solutions and services provider to Governments, Municipalities and Public Authorities in Canada and internationally. Imex primarily focuses on the E-Government and Smart Cities market that include payments. It helps public sector entities to provide “Any Time, Any Where, Any Device and Any Channel” convenience for citizens to access government services and help with digital transformation of government operations and streamline revenue. Imex’s various product and service offerings include: iGov – a Digital Government Platform for all levels of governments, which provides all the pre-built components for building an effective Digital Government and supporting payment processing through multiple channels; iCity – a Smart City Solution; and miGov – a Mobile Government Framework.
Forward-Looking Statements
This news release contains certain “forward-looking information” within the meaning of applicable Canadian securities laws. Forward looking information includes, but is not limited to, statements, projections and estimates with respect to the adoption of the Company’s various platforms by various jurisdictions and the future revenue of the Company. Any statements that involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time it was made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others: the need for approvals from the relevant government body; future capital needs and uncertainty of additional financing; the competitive nature of the industry; unproven markets for the Company’s product offering; the need for the Company to manage its planned growth and expansion; the effects of product development and need for continued technology change; protection of proprietary rights; the effect of government regulation and compliance on the Company and the industry; network security risks; the ability of the Company to maintain properly working systems; use and storage of personal information and compliance with privacy laws; and those risks set out in the Company’s public documents filed on www.sedar.com.
Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to revise or update any forward-looking information other than as required by law.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
CONTACT INFORMATION
- Published in Financial Technology, Imex Systems, News Home, Technology
Imex Systems signs $6M contract with City of Toronto
Imex Systems signs $6M contract with City of Toronto
Momentum Public Relations
Press Release: April 10, 2017
Imex Systems Inc. has provided the following new development to its business operations.
The company has recently signed a professional services contract with the City of Toronto. This is a three-year contract that is effective from April 1, 2017, until April, 2020. The city and its agencies will be using Imex for various IT projects that require specific consulting and software development services around various technology projects.
The company estimates that the value of the contract will be in the range of $6-million over a three-year period.
Imex has a long history working with governments in both the Canadian provincial and municipal sectors on a variety of technology initiatives.
About Imex Systems Inc.
Imex Systems is a Canadian software products, solutions and services provider to governments, municipalities and public authorities in Canada and internationally. Imex primarily focuses on the e-government and smart cities market that include payments. It helps public sector entities to provide any time, anywhere, any device and any channel convenience for citizens to access government services and help with digital transformation of government operations and streamline revenue. Imex’s various product and service offerings include: iGov — a digital government platform for all levels of governments, which provides all the prebuilt components for building an effective digital government and supporting payment processing through multiple channels; iCity — a smart city solution; and miGov — a mobile government framework.
We seek Safe Harbor.
© 2017 Canjex Publishing Ltd. All rights reserved.
- Published in Imex Systems, News Home, Technology
Imex Systems Inc. (IMEX:tsxv): Business Update
Imex Systems Inc.: Business Update
Momentum Public Relations
Press Release: April 5th, 2017
Imex Systems Inc. (“Imex” or the “Company”) (TSX VENTURE:IMEX), a software solution provider to Governments, Municipalities and Public Authorities, is pleased to announce the following update to its business operations. The company’s flagship product is iGov, the most sophisticated Digital Government Platform in the market today.
The company expects to receive a minimum of $3 million Canadian in Q2, as the initial payment from the $19.51 million contract previously announced in December 2016. Remaining payments will be received over the course of the two year contract. Imex is finalizing all the terms with the Government of Botswana. The company anticipates additional contracts from Botswana as well after this rollout.
For the last 2 years, Imex has been working on developing international markets due to significant opportunities existing outside of North America.
The recent major contract announced by the company for implementation of eGovernment based on Imex iGov Digital Government Platform for the Government of Botswana, is an example of the Company’s success in international expansion efforts, which has created a pipeline of significant opportunities for the next few years.
Imex’s products have been well received by emerging countries in Asia, the Middle East, Africa and South America, which have ambitious programs for government modernization and implementation of eGovernment and Smart City initiatives. Imex’s Digital Government platform iGov and the Smart City Platform, iCity, have proven to be excellent candidates for these countries. Imex is in discussion with several state governments in India, which have the potential to be a significant market for Imex in the near term.
In developed markets such as Canada, the US, UK, and Australia, there has been a market shift towards cloud services to replace legacy eGovernment systems, which have been in place for the past 15-20 years. As a result, it is expected that such jurisdictions will undertake a digital transformation and implement a Digital First strategy, which is the basis of Imex’s iGov platform software solution.
Imex is rolling out cloud services for North America and has successfully piloted cloud offerings for several municipalities in Canada this year. Imex has developed an aggressive strategy to implement these solutions for at least 200 cities/towns in Canada and the US during the next 5 years, which includes enhancing the existing foothold in Ontario.
About Imex Systems
Imex Systems Inc. is a Canadian software products and solution provider to Governments, Municipalities and Public Authorities in Canada and internationally. Imex primarily focuses on the E-Government and Smart Cities market that include payments. It helps public sector entities to provide “Any Time, Any Where, Any Device and Any Channel” convenience for citizens to access government services and help with digital transformation of government operations and streamline revenue. Imex’s various product and service offerings include: iGov – a Digital Government Platform for all levels of governments, which provides all the pre-built components for building an effective Digital Government and supporting payment processing through multiple channels; iCity – a Smart City Solution; and miGov – a Mobile Government Framework.
- Published in Imex Systems, News Home, Technology
Making Canada’s capital a ‘smart city’
Making Canada’s capital a ‘smart city’
How can municipalities use the technology at residents’ fingertips to make life easier?
A number of civic, academic and business leaders will gather today to envision how Ottawa and Gatineau can become “smart cities” of the future.
Transit riders can already track when buses will arrive and drivers can add money to parking meters via their phones.
Driverless cars could be tested on the streets of Kanata this summer.
But things are moving quickly.
Data analytics, cybersecurity and the internet of things are transforming business, and cities are grappling with how to use those interconnections to help their residents, according to John Smit, acting director of economic development for the City of Ottawa.
Smit will be speaking at the conference put on by Library and Archives Canada and the University of Ottawa. The mayor of Gatineau and CEO of the National Capital Commission, as well as researchers and business executives, will all weigh in on what the future could look like.
“Ten years ago what you were able to do with your flip phone and what you’re able to do with your phone today are like night and day, and could you have predicted that 10 years ago?” Smit said.
Sensors and ‘smart’ devices
In the same way microwaves were a new convenience a generation ago, connected technologies should make life easier for people, said Campbell Patterson, a Kingston-based consultant who will also speak at Monday’s event.
Patterson sees a future where technology allows people to receive health care, education, and do work without leaving home, which will mean less wear and tear on roads and fewer greenhouse gas emissions.
Smart technologies are already allowing cities to gather data to manage everything from garbage, to water, to traffic, and help them save money and time, he said.
For instance, in Barcelona, Spain, the municipality has sensors in garbage bins so that trucks only empty them when needed, he said.
“The prediction is there will be 50 billion sensors deployed [worldwide] by 2020,” said Patterson.
For instance, autonomous vehicles could lead cities to install sensors on roads, Smit suggested.
Broadband is this century’s railway: consultant
But in such an interconnected world, Patterson said a city that doesn’t invest in broadband service stands to leave its residents and businesses behind.
“A municipality needs to be thinking about equitable access to the internet, and broadband infrastructure to support that, in the same way they think about investments in roads, water and electricity systems, that these are fundamental to the well-being of the community,” he said.
And municipalities shouldn’t leave it up to private telecommunications companies to beef up networks when they see fit, Patterson said.
“As long as downtown Toronto has better connectivity than everyone else, then the people who live there have a competitive advantage over everyone else,” he said
At the City of Ottawa, Smit knows consistent broadband access for everyone is one piece of the puzzle.
Staff are figuring out where to focus the municipality’s efforts to make Ottawa a “smart city,” and how to tie that in with the steps being taken by Hydro Ottawa and the economic development agency Invest Ottawa.
That overarching strategy is expected to be presented to councillors this spring or summer, Smit said.
By Kate Porter, CBC News
- Published in Blog, Imex Systems, Mobile Technology, News Home, Technology
How smart cities are building the future
How smart cities are building the future
Smart cities are coming.
Municipal governments around the globe are employing big data and Internet-of-Things applications to improve many aspects of daily life. Major tech companies like IBM, Cisco and Microsoft are in on the trend, and are battling for a slice of the $15 billion that’s projected to be spent on software by 2021, according to Juniper Research.
Urban residents accounted for 54 percent of the total global population in 2014, according to the World Health Organization, and that figure was projected to grow nearly 2 percent each year until 2020.
That growth means that cities are facing increasing challenges, including congested transport and the need to supply sufficient energy to meet demands of growing populations.
Juniper Research noted a city’s ability to provide renewable energy, alongside its means to efficiently manage energy storage will be increasingly important.
“Right now North America and China are leading the way, although Trump is likely to dampen what is already slowing U.S. investment,” Steffen Sorrell, principal analyst at Juniper Research said.
President Donald Trump has supported fossil fuel production and repeatedly denied climate change.
“Who would have thought 10 to 15 years ago, that the Far East and China would be leading the globe in smart energy efforts by 2020?” Sorrell said.
Still, many challenges remain for cities on their way to becoming “smart.” Major upfront costs for both infrastructure and software are propelling many governments to turn to public-private partnerships.
CNBC looks at three cities working on becoming “smart”:
Singapore
The city-state might be the “smart” gold-standard for its extensive effort to collect data on daily living. Its Smart Nation program was launched in 2014 and collects data on many facets of life.
Data is collected in a platform, Virtual Singapore, which helps the government understand how the city is functioning in real-time and potentially predict how crowds might react in an explosion or how infectious disease might spread.
Dubai
As part of the Smart Dubai initiative, the government has rolled out more than 50 smart services from 22 government entities. It allows people to access everything on one app, Dubai Now.
App users can do everything from pay a speeding ticket, pay an electric bill, renew vehicle registration and track the status of a visa.
Barcelona
The Spanish city is working to rethink its energy costs, with a goal of saving billions of dollars in the process, according to Juniper.
Using motion sensors, Barcelona has implemented smart lighting in its street lights which dims and brightens depending on activity by cars or pedestrians. The city offers systems that allow drivers to know exactly where free public parking spots are available at any given time.
- Published in Blog, Imex Systems, News Home, Technology
Imex Systems grants options to buy 1.55 million shares
Imex Systems grants options to buy 1.55 million shares
Mr. Michael Frank reports
IMEX ANNOUNCES OPTION GRANT
Imex Systems Inc. has granted a total of 1.55 million options to management, directors and consultants of the company. The options are exercisable at a price of 75 cents per share until Dec. 29, 2019, and vest immediately.
About Imex Systems
Imex Systems is a Canadian software products and solution provider to governments, municipalities and public authorities in Canada and internationally.
We seek Safe Harbor.
© 2017 Canjex Publishing Ltd. All rights reserved.
- Published in Imex Systems, News Home, Technology
Imex wins $14.56M (U.S.) iGov contract in Botswana
Imex wins $14.56M (U.S.) iGov contract in Botswana
Mr. Michael Frank reports
IMEX AWARDED BOTSWANA CONTRACT
Imex Systems Inc. has provided the following update to its business operations.
Further to the company’s press release on June 14, 2016, Imex has been awarded a new contract by the government of Botswana worth $14.56-million (U.S.) ($19.51-million) over a 24-month period. This is a continuation of the initial previous contract where Imex supplied the iGov technology platform during 2014/2015.
Under this new contract, Imex will be providing the technology upgrade and will be implementing the whole iGov digital government platform, with emphasis on service delivery through mobile devices and digital transformation of government operations. Sixty government programs will be made available through multiple channels.
This is a new phase of a larger multistage project that is expected to grow significantly over the next few years, as hundreds of additional government services are required to be implemented and new technologies and functionality are to be supplied across the region.
Botswana is a country in sub-Saharan Africa well known for stability and good governance, with ambitious plans for modernization of the government and multichannel citizen service delivery under the brand name of 1Gov.
We seek Safe Harbor.
© 2017 Canjex Publishing Ltd. All rights reserved.
- Published in Imex Systems, News Home, Technology
Imex Systems symbol change
Effective at the opening, Nov. 4, 2016, the trading symbol for Imex Systems Inc. will change from IMX to IMEX. There is no change in the company’s name, no change in Cusip number and no consolidation of capital. The company is classified as a custom computer programming services issuer.
© 2017 Canjex Publishing Ltd. All rights reserved.
- Published in Imex Systems, News Home, Technology