NORTH YORK, Ontario: Axios Mobile Assets Corp has gained an investor and a customer.
The composite pallet and tracking technology company has signed a memorandum of understanding with pallet management, recovery and recycling business Ongweoweh Corp, based in Ithaca, New York.
In addition to making what both companies refer to as “a signficant investment” in Axios, Ongweoweh will purchase a guaranteed volume of pallets in exchange for “exclusive use of the Axois solution in defined verticals.”
“We are excited to partner with an industry leader like Ongweoweh on the development of this unique combined solution for the marketplace,” said Axios president and CEO Richard MacDonald.
“Not only do the recent significant Ongweoweh investment in Axios and the memorandum of understanding further validate the Axios solution, it provides Axios the distribution channels to truly enable the next evolution in logistical change. Our solution has worldwide application and will offer its users benefits never contemplated or achieved before.”