Trakopolis IoT Corp. announced that it has entered into an agreement with a US-based oil and gas company for the sale of 1,500 units of Honeywell's ConneXt Lone Worker gas detection solution, powered by Trakopolis (Purchase Agreement). Trakopolis will receive payment for the sale of each unit and a monthly recurring data fee for the connectivity of the devices over a contracted four-year period. The minimum total contract value is expected to be USD 4.79 Million, with an estimated USD 2.82 million (inclusive of hardware revenue) expected in fiscal 2017. Pursuant to the terms of the Purchase Agreement, the Purchaser has the option to acquire up to an additional 1,000 units, on the same terms as the initial 1,500 units, during the first 18 months of the term of the agreement.