Xplore Technologies Explained

Xplore Technologies Corp.
Type:Public
Traded As:NASDAQ:
Industry:Technology
Founded: in Ontario, Canada
Founders:-->
Hq Location:14000 Summit Dr. Suite 900
Hq Location Country:United States
Areas Served:-->
Products:Rugged tablets
Owners:-->

Xplore Technologies is a publicly traded, designer, marketer and manufacturer of rugged tablets.[1] The company was founded in 1996 and is based in Austin, Texas. In 2015, Xplore Technologies purchased assets of Motion Computing making it one of the top companies in the rugged tablet PC market.[2] The company's products are primarily used by field service personnel, factory workers and military personnel.[3] Xplore Technologies products are built to satisfy MIL-STD-810G and HAZLOC compliant ATEX standards, as well as Ingress Protection (IP) ratings.[4] [5]

History

Xplore Technologies was founded in Ontario, Canada in 1996 and began selling devices in 1998.[6] The company was listed on the Toronto Stock Exchange in June 1998.[7] In 2003, Xplore Technologies announced that it was relocating its corporate headquarters to Austin, Texas.[8] The company filed to change its jurisdiction from Canada to Delaware in 2006.[9] In July 2012, after being traded over-the-counter since leaving the TSX,[10] the company filed for an IPO with the SEC and was listed on the Nasdaq stock exchange.[11] In March 2015, Xplore Technologies raised $12 million when it sold an additional 2 million shares of common stock.[12] In April 2015, the company bought assets of Motion Computing Inc. for $16 million.[13] [14] On July 5, 2018, Zebra Technologies announced its intent to acquire Xplore Technologies for roughly $90 million.[15]

Notes and References

  1. Web site: Xplore Technologies Corp.. Bloomberg Markets. February 4, 2017.
  2. Web site: Xplore Technologies Buys Assets of Motion Computing After Foreclosure. IWCE's Urgent Communications. Donny . Jackson. April 17, 2015. February 4, 2017.
  3. Web site: Xplore Technologies Corp. Company Information. Hoovers . February 4, 2017.
  4. Web site: Tablet Computing: Rugged Tablet Computer For Military and Government Applications Introduced by Xplore. Military and Aerospace Electronics. August 6, 2013 . February 4, 2017.
  5. Web site: Xplore Technologies iX104 XC6. Rugged PC review. Condrad. Blickenstorfer. April 2014. February 4, 2017.
  6. Web site: Xplore Technologies:Leading the Tablet Comeback. Forbes. Tom . Taulli . November 16, 2014 . February 4, 2017.
  7. Web site: Stock Factsheet -VSE- TSX Venture Exchange. CSI Data. February 4, 2017.
  8. Web site: Corporate HQ Coming to Austin. Austin Business Journal. Stacey . Higgenbotham. August 10, 2003 . February 4, 2017.
  9. Web site: Xplore Files to Become a U.S. Firm. Austin Business Journal. November 15, 2006 . February 4, 2017.
  10. Web site: Xplore Tech Swaps OTC Market Listing. Austin Business Journal. March 7, 2011 . February 4, 2017.
  11. Web site: Xplore Technologies (XLRT) Files $12M Nasdaq IPO, Ticker 'XPLR'. StreetInsider. July 26, 2012 . February 4, 2017.
  12. Web site: Xplore Technologies to Raise $12M in Stock Offering. Austin Business Journal. Christopher . Calnan. March 5, 2015. February 4, 2017.
  13. Web site: Two Austin Companies That Make Tablet Computers Will Merge. Austin Business Journal. Christopher . Calnan. April 26, 2015. February 4, 2017.
  14. Web site: Motion, Facing Financial Troubles, Scooped Up by Xplore. Claudia . Grisales. April 16, 2015 . February 4, 2017.
  15. Web site: Zebra Technologies to Acquire Xplore Technologies. Zebra Technologies. en. 2018-07-09.

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