MEMPHIS, Tennessee, October 12, 2016 /PRNewswire/ --
Platinum Pari-Mutuel Holdings (OTC: PPMH) is proud to expand on recent comments by the CEO of Toyota Motor North America regarding "GPS mapping" within shopping malls.
On October 5, 2016, Jim Lentz, the CEO of Toyota Motor North America, while being interviewed by Charlie Rose mentioned the development of their "Blaid" product, described as a device "that uses GPS indoors" to "map a shopping mall" in reference to use for the "blind".
PPMH believes the development of this technology by Toyota for the purpose of assisting disabled people to navigate a shopping mall, is a great venture.
However, PPMH owns a technology that is further along and more capable than a standard GPS mapping device. PPMH's MapOS technology which powers their FastMall® (http://www.fastmall.com) product allows a user to utilize turn-by-turn navigation through a predetermined building or location without the need for GPS or Wifi.
In a telephone conversation, David Reeves, who previously headed operations for TBX Group, stated, "The Toyota project, is a wonderful idea as I am for anything that betters the lives of the disabled. Toyota is a great company, however their reliance on GPS concerns me, due to the structural components of a building. It's the unreliable nature of GPS signals within a steel and concrete building that intrigued us and led us to move swiftly, back in 2015, into talks with Sam Feuer to acquire the MapOS technology."
In September 2016, PPMH finalized its acquisition of TBX Group and it's suite of new and innovative products including not only this technology, but also Smacktive social media (http://www.smacktive.com) designed for promoting a healthier active lifestyle, mPathDiscovery, providing actionable intelligence for business data, and Smacked Ventures, owner of FastMall®, MapOS, and a host of other products geared for entertainment and education.
Mr. Reeves added, "The MapOS technology has many different real world uses, and to the best of my knowledge PPMH is continuing to advance the technology, to not only grow the FastMall™ product but to also migrate MapOS into other markets like emergency management, homeland security, and the private sector."
Sam Feuer, the creator of FastMall® and MapOS and leader of PPMH's subsidiaries Smacked Ventures and Smacktive, stated, "I began working on this technology because of a comment by my wife during a shopping experience. As the application grew I realized the potential global impact that the ability to navigate any space, indoor or outdoor without the need for GPS or WIFI would have on every day activities. This is why we are not only powering FastMall® with MapOS, but we are also working towards merging into other markets that desire "non GPS or Wifi" capabilities."
FastMall® and MapOS have been featured in many articles, interviews, and news highlights; from The New York Times, The Today Show, to Fox Business, ABC, Bloomberg, as well as PC World, Tech Crunch, and many others. Their reviews highlighted the capabilities as it relates to people's reliance on GPS navigation to commute from location to location, but once inside a sprawling building, standard GPS mapping assistance fails, and that is where the MapOS product shines.
Paul Baioni, PPMH's CEO, stated, "It is exciting to see a respected company like Toyota realizing the importance of this type of mapping technology, as we did when we acquired TBX Group. We are currently attempting, directly and indirectly, to open a line of communication with Toyota to present our MapOS technology. Our attempt to reach out to Toyota is based on our love for their vision of assisting disabled individuals."
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