TrakLok Corporation wins at ThrottleUp 2009
November 5, 2009 (Knoxville, TN) (PMSO.net) TrakLok Corporation of Knoxville , Tennessee won the pitch competition for seed-stage companies at ThrottleUp 2009. By winning the pitch competition, TrakLok received $1,000 and the chance to present before TNInvestco venture capital fund manager. ThrottleUp is a pitch competition for seed and early stage companies in East Tennessee . ThrottleUp is part of The Innovation Imperative, a three day conference celebrating the entrepreneurial ecosystem in East Tennessee.
ThrottleUp 2009 is also part of the Tennessee New Innovation Pitch Competition, a network of pitch competitions from around the state of Tennessee . The winner of ThrottleUp will receive a cash prize of $1,000 and have the opportunity to present before the newly formed Tennessee Investment Companies (TNInvestcos) along with other winners from across the state.
ThrottleUp is a competition designed to be an educational experience. Although the competition includes a traditional company pitch, the format also includes direct feedback from a number of judges on the strong points of the pitch and what could be improved.
TrakLok Corporation, which owns the intellectual property for the GeoLokTM container locking solution, has integrated several wireless technologies to track containers globally, and has developed its own web accessible information-technology based global tracking system. The information provided by the GeoLokTM is accessible through TrakLogTM where users can obtain the location and condition information of a given container from any computer or web enabled device. TrakLogTM alleviates in a holistic fashion problems for companies managing containers in the supply chain including:
• Asset visibility. Where is my leased or owned container now?
• Condition monitoring. How is my container now?
• Security/stop loss. Has my container been tampered with?
• Asset utilization. When can I return my container to duty?
• Predictive maintenance of assets. When is my next required maintenance?
The unique innovation of the TrakLok system will initiate a paradigm shift in how intermodal shipping containers are tracked, monitored, utilized and secured. For more information on TrakLok Corporation contact:
Eric Dobson, Ph.D. CEO and Director
2450 E.J. Chapman Drive
Knoxville , TN 37996
(865) 332-1813
http://www.traklok.com/traklok-shipping-container-security-contact.html
For more information about the Innovation Imperative conference or to register, visit www.tech2020.org or call (865) 220-2020.