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Axios Mobile Assets Completes Pilot Program With J.D. Smith and SonsRate of Product Loss, Pricing per Pallet Trip Show Improvement in Six-Month Trial (April 17, 2012)
VAUGHAN, ON -- (Marketwire) -- 04/17/12 -- Axios Mobile Assets Corporation (CNSX: AXA) recently completed a six-month pilot program with J.D. Smith and Sons, one of the leading third party logistics firms in Canada. Axios provided 50 of its 47-pound, 2800 edge rackable, continuous-use composite pallets enabled with Axios proprietary tracking software for a trial with one of J.D. Smith's key clients, a major manufacturer of packaged food.
Delivering Axios' sustainable logistics solution encompassed both its RFID-enabled pallets and tracking technology, which enabled enhanced visibility and monitoring of pallets throughout the supply chain. To facilitate this, Axios leveraged mediums such as RFID, an Axios-developed mobile app for J.D. Smith drivers and its web-based logistics portal. Tying into existing systems at J.D. Smith was key to the process, including integrating with its pick/pack, staging and shipping processes.
"Our goal was to enhance operational efficiencies at J.D. Smith, which would translate to a better service offering for their customers," said John Psihos, vice president of technology and sustainability for Axios. "Deploying our best-in-class pallets, coupled with our innovative tracking solution, gave J.D. Smith a more detailed understanding of care and control of pallets within the supply chain and positively impacted order throughput."
During the Axios pilot program, there was a significant reduction in pallet-related packaging damage. Given that J.D. Smith's client is a leading supplier of bagged food, products were previously susceptible to damage during transport, as items could shift on wood pallets, catching chards and nails, causing packaging to sometimes tear and contents to be lost. Further, Axios' continuous-use pallets replaced one-way pallets, slip sheets and disposal fees.
Additionally, the Axios platform provided J.D. Smith with an enhanced level of data that allowed the company to better serve its clients. Information on real-time delivery and distribution patterns was translated into increased efficiencies and valuable problem-solving resources that provide competitive advantages for J.D. Smith.
"The partnership with Axios resulted in very real benefits for us and our customer," said Scott Smith, president and CEO, J.D. Smith. "The pilot program helped us to identify ways to further enhance and streamline the logistics and delivery process, saving time and money while providing even better customer service in the process. The Axios platform has proven value, both in dollars and cents and in improved client relationships. We are planning to offer the Axios solution to other customers in the marketplace."
In addition to savings realized on both cost and time, the Axios pilot program with J.D. Smith and its client will be in a position to deliver environmental benefits as well, such as carbon offsets or carbon credits, which can be used to help achieve corporate sustainability goals or be monetized through a number of exchanges.
About Axios Mobile Assets
Axios Mobile Assets Corp. is a logistics enabler, featuring next generation, composite pallet technology, which can be bundled with its proprietary tracking and information system that helps improve the value chain in the logistics market. The Axios bundled offering is gaining market acceptance based on its unique attributes: lower total cost, longer useful life, customized configurations and a revenue stream through carbon credit generation, monitoring and the monetizing of carbon emissions reductions. 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 National Stock Exchange (CNSX) under the symbol AXA.
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.
Lambert, Edwards & Associates
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