Xplore Technologies

Xplore Technologies is a publicly traded, designer, marketer and manufacturer of rugged tablets.[3] 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.[4] The company's products are primarily used by field service personnel, factory workers and military personnel.[5] Xplore Technologies products are built to satisfy MIL-STD-810G and HAZLOC compliant ATEX standards, as well as Ingress Protection (IP) ratings.[6][7]

Xplore Technologies Corp.
TypePublic
NASDAQ: XPLR
IndustryTechnology
Founded1996 (1996) in Ontario, Canada
Headquarters14000 Summit Dr. Suite 900,
Austin, Texas
,
United States
Key people
  • Philip S Sassower (CEO, Chairman)
  • Mark Holleran (COO, President)
  • Tom Wilkinson (CFO)
ProductsRugged tablets
Revenue US$100.5 million (2015)[1]
US$1.05 million (2015)[1]
US$362 thousand (2015)[1]
Total assets US$53.1 million (2015)[2]
Websitewww.xploretech.com

History

Xplore Technologies was founded in Ontario, Canada in 1996 and began selling devices in 1998.[8] The company was listed on the Toronto Stock Exchange in June 1998.[9] In 2003, Xplore Technologies announced that it was relocating its corporate headquarters to Austin, Texas.[10] The company filed to change its jurisdiction from Canada to Delaware in 2006.[11] In July 2012, after being traded over-the-counter since leaving the TSX,[12] the company filed for an IPO with the SEC and was listed on the Nasdaq stock exchange.[13] In March 2015, Xplore Technologies raised $12 million when it sold an additional 2 million shares of common stock.[14] In April 2015, the company bought assets of Motion Computing Inc. for $16 million.[15][16] On July 5, 2018, Zebra Technologies announced its intent to acquire Xplore Technologies for roughly $90 million.[17]

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