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Microshare Announces Global Alliance with Rackspace Technology for Internet of Things solutions

July 16, 2020

Microshare Announces Global Alliance with Rackspace Technology for Internet of Things solutions

Microshare Announces Global Alliance with Rackspace Technology for Internet of Things solutions

Contact Tracing, Occupancy Monitoring and Other Building Intelligence Solutions form the suite of solutions Rackspace Technology will offer as part of this partnership

PHILADELPHIA, July 16– Microshare Inc., a leader in workplace building solutions like contact tracing, predictive cleaning, occupant wellness and sustainability, has entered into a global strategic alliance with the multicloud solutions expert Rackspace Technology. 

Under this agreement, Rackspace Technology will provide solutions to customers globally leveraging  Microshare’s Internet of Things (IoT) solutions including Clean = Safe solutions. 

The agreement vastly expands Microshare’s ability to deploy its IoT-based commercial real estate and infrastructure solutions at scale IoT specialists Kerlink and Semtech, and global distribution partner Arrow Electronics.

Under the terms of the agreement, Rackspace Technology’s global salesforce will resell Microshare solutions into its worldwide sales channels and afford Microshare added ability to manage inventory, installations and post-deployment services.

Kevin Jones, CEO at Rackspace Technology, said: “This partnership allows us to further extend our capabilities that utilize the power of IoT. Microshare’s focus on security and intelligence for better business continuity and improved performance is paramount in today’s landscape.  Their solutions give customers the peace of mind they need.” 

Martin Blackburn, EMEA Managing Director at Rackspace Technology, added: “Businesses across Europe, the Middle East and Africa are adopting new ways of working and assessing the safety of their staff and customers in the face of Covid-19. This partnership ensures our customers are equipped with the technology needed to monitor the safety of people in their commercial buildings – whether it’s a hospital, shop or bank.”

“We look at our new relationship with Rackspace Technology not only as a guarantee that Microshare solutions will be available at scale where ever they are in demand, but also as a validation of our decision to prioritize a disruptive, quick-to-deploy solution set that can be easily tailored for the needs of commercial office portfolios, corporate campuses, hospitals and healthcare facilities and large factories, rail stations and airports, all of which have already adopted Microshare solutions.”

Microshare’s solutions leverage the world’s leading IoT network, LoRaWAN™, enabling the collection of real-time, 24/7 data on everything from energy and water use to the location of expensive assets without interaction with sensitive corporate computer networks.

As its global footprint expands, Microshare is leveraging a number of channels to transform the operations of the some of the world’s largest corporations and public institutions, providing its clients with digital twinning “sensing-as-a-service” solutions for the COVID-19 moment and beyond.

About Microshare: Microshare™ provides Digital Twinning solutions for the Commercial Real Estate, Health Care and Infrastructure sectors.  Our Data-as-a-Service approach leverages IoT metrics across multiple platforms, providing actionable insights with privacy, security, audit and confidentiality so that our clients can save money, rationalize strategic spending decisions and create new data sharing revenue streams.

More at www.microshare.io

About Rackspace Technology

Rackspace Technology® (NASDAQ: RXT) is the operator of the full enterprise AI stack from governed private cloud to AI inference and agents in production. With an Outcomes-as-a-Service model built on secure infrastructure, data foundations, and forward-deployed engineering, Rackspace delivers business results for regulated and mission-critical industries where governance, sovereignty, and uptime are non-negotiable. Learn more at www.rackspace.com.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events and can be identified by terminology such as “believe,” “may,” “will,” “potentially,” “estimate,” “continues,” “anticipate,” “intend,” “could,” “would,” “project,” “plan,” “expect,” “is putting,” “designed to,” or the negative of such terms or other similar expressions, although not all forward-looking statements contain these words.

 These statements include, but are not limited to, Rackspace Technology’s relationship with NVIDIA and the NVIDIA Cloud Partner Program, its Enterprise AI Cloud strategy, the anticipated capabilities, benefits and timing of its Institutional Sovereign Pod architecture, Rackspace’s outlook on the AI industry and its ability to deliver, operate, and scale AI infrastructure and solutions for regulated, institutional and sovereign enterprises. Forward-looking statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially, including, without limitation: Rackspace's ability to realize the anticipated benefits of its relationship with NVIDIA and the NCP program; the availability, cost, and timing of deployment of NVIDIA and other third-party technology; Rackspace's ability to develop, market, and scale the Institutional Sovereign Pod and related offerings on the anticipated timeline or at all; market acceptance of and demand for sovereign and governed AI infrastructure solutions; competition in the AI infrastructure and cloud services markets; capital expenditure requirements associated with AI infrastructure buildout; availability of financing for the AI infrastructure buildout on terms acceptable to Rackspace; Rackspace’s reliance on a limited number of technology partners, including NVIDIA; cybersecurity, data privacy, and regulatory compliance risks associated with serving regulated and sovereign customers; general economic and industry conditions; and other risks and uncertainties described in Rackspace's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Rackspace undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.