Veloxint CIF, Inc. announced that it expects to receive funding from Quadrant Management, Inc., ARC Group Worldwide, Inc.
March 16, 2021
Share
Veloxint CIF, Inc. announced that it will receive an equity round of funding on March 17, 2021. The transaction will include participation new investors from Quadrant Management, Inc., and ARC Group Worldwide, Inc.
RM2 International, Inc. is the owner and operator of the BLOCKPal, a technologically advanced, composite pallet. The Company provides its customers with end-to-end logistics Intelligence Optimization & Tracking (RM2 ELIoT) Internet of Things (IoT) technology for pallet traceability, delivering real-time actionable insights and data to improve the supply chain visibility to the manufacturing and distribution businesses it serves. The BLOCKPal pallets are provided to customers across a range of industries, with a particular focus on those where hygiene and traceability are of critical importance. Its IoT sensor data are transmitted to the cloud via the long-term evolution-machine (LTE-M) network, making visible the pallet's location and condition both indoors and in transit without requiring any additional hardware or information technology (IT) development. The Company's RM2 ELIoT is a cloud-based supply chain intelligence platform. It issues more than 1.5 million pallets annually.