SAN BRUNO, CALIF.--(BUSINESS WIRE)--
Locix, next-generation innovator in the scalable collection and analysis of unique and actionable data for autonomous buildings, and Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, announced today that they will jointly showcase first-of-its-kind technology and solutions at Logis-Tech 2018. At the Prologis booth, Locix will demonstrate the efficacy of its cloud-based visual and spatial sensor technology that provides the contextual data necessary for automated decision-making in warehouse operations and logistics — a major growth opportunity for today’s distribution centers.
Logis-Tech, the Tokyo-based tradeshow held from September 11-14, is one of the largest material handling and logistics exhibitions in Asia. As a Prologis partner, Locix will stand alongside Prologis to outline the mounting distribution center logistics challenges and new-to-market solutions that Locix offers.
Locix’s wireless visual sensor systems have already been deployed at a Prologis distribution center in Ichikawa, Japan, just outside Tokyo. The Locix-enabled smart truck-berth uses machine learning analytics to enable real-time warehouse dock insight, intelligent truck docking and routing. The same visual platform can be used for visual space utilization and forensic analysis. Locix will also showcase its breakthrough Wi-Fi based Local Positioning System (LPS), with sub-meter accuracy in complex indoor environments, to enable asset tracking and asset utilization.
“Logistics optimization is becoming increasingly critical as e-commerce growth puts additional pressure on warehouse and logistics operations to fulfill customer demands,” said Mike Yamada, president, Prologis Japan. “Our Locix partnership enables us to add value to our customers’ operations through data aggregation and visualization, plus the use of machine learning to deliver actionable analytics and insights.”
“Next-generation distribution centers will require enhanced data sets, extended and cost-effective data capture, and advanced analytics,” said Vik Pavate, CEO, Locix. “Our solution is creating a new paradigm in the scalable collection and analysis of unique and actionable data that is essential to improving visibility, productivity and efficiency in warehouse and logistics operations. Partnering with Prologis Japan to revolutionize operations in their distribution centers demonstrates the need and value for our technology and solutions.”
For more information about Locix and its partnership with Prologis, visit Prologis booth #4-302 at Logis-Tech 2018, or visit the Locix website here.
Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of June 30, 2018, and inclusive of the DCT acquisition on August 22, 2018, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 756 million square feet (75 million square meters) in 19 countries. Prologis leases modern distribution facilities to a diverse base of approximately 5,500 customers across two major categories: business-to-business and retail/online fulfillment.
Locix develops revolutionary solutions to uniquely capture spatial, visual and sensor data — providing contextual awareness to buildings, homes and connected devices, digitizing the physical world. Combined with advanced data analytics, Locix solutions enable actionable insights for automated decision-making. Based in Silicon Valley, Locix is backed by leading venture and strategic investors including ID Ventures, University of Tokyo Edge Capital, Murata Manufacturing, NTT Docomo Ventures, Sumitomo Corporation of Americas, iRobot Corp., Yaskawa Information Systems, Yaskawa Electric Corporation and Acer Inc.
Copyright Business Wire 2018