The ranking comes as the leading Internet of Things (IoT) solutions provider for worksites gears up for a global expansion following a recent private investment round

NORWALK, Conn. — (BUSINESS WIRE) — August 18, 2021 — Triax Technologies, Inc., a leading Internet of Things (IoT) solutions provider connecting construction, energy, manufacturing and industrial worksites, has been selected for Inc. magazine’s annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies.

Increased adoption of Triax Technologies’ wearable technology solutions that improve worksite safety and an overall growth in demand for wearable IoT technology helped propel Triax to #107 on the list. In the past year, Triax added many new clients and industry verticals, including energy, mining and manufacturing, to its already established construction client base. At the outset of the COVID-19 pandemic, Triax developed the social distancing and contact tracing solution Proximity Trace, making Triax a critical partner in helping organizations create a safe work environment and keep their doors open. The company has taken this capability a step further by updating the product in a new release called Spot-r Radius, which incorporates additional safety and efficiency capabilities to the social distancing and contact tracing of Proximity Trace to assist clients on their digital transformation journey.

The company recently closed a $12.5 million Series A Funding Round and is adding to their team as part of a strategic growth and global expansion plan.

“As we accelerate our growth using our wearable technology to bring data-driven insights to our clients, our focus remains on the mission of providing solutions to keep workers safer and worksites more efficient,” said Robert Costantini, CEO of Triax. “Working with our innovative clients, we deploy a robust and scalable technology that changes the way enterprise-class worksite operations function.”

Triax’s full product suite of safety and efficiency solution platforms, which also includes Spot-r Mesh, Spot-r Radius and Spot-r Access, provides data insights to help clients digitally transform their worksites.

The Inc. 5000 list represents a unique look at the most successful companies within the American economy’s most dynamic segment—independent small businesses. Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000. The top 500 companies are featured in the September issue of Inc., which will be available on newsstands on August 20.

About Triax Technologies, Inc.

Triax Technologies, Inc. develops and delivers a fully connected loT worksite platform through a proprietary communication hub designed for industries such as construction, energy, oil & gas, manufacturing, mining, heavy industrial and other challenging IT environments. Its Spot-r suite of wearable solutions addresses diverse digital needs, providing data-driven visibility to elevate worksite safety, productivity and security, while minimizing health and safety risks. Triax enables intelligent, actionable insights, helping firms work safer and smarter. The company is privately held and based in Norwalk, Conn. More information can be found at www.triaxtec.com.

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Twitter: @TriaxSpotr

*Proximity Trace is a trademark of Triax Technologies, Inc.

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