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NETSOL Technologies and WRLD Introduce NXT: A COVID-Aware Smart Workplace Platform to Support Companies' Return to Work SafelyNew Platform Leverages the Internet of Things (IoT), 3D Mapping and Gamification to Make Returning to Work Safe and Engaging for Employees CALABASAS, Calif., Dec. 01, 2020 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (Nasdaq: NTWK) (“NETSOL” or the “Company”) a global services and enterprise application solutions provider, in collaboration with WRLD, an immersive 3D mapping technology company, today introduced NXT, a COVID-aware smart workplace solution. NXT enables employees to safely return to the office by ensuring standard operating procedures are enforced and offering seamless communication and virtual interaction for those continuing to work remotely. The NXT platform, powered by WRLD, leverages IoT technology and 3D gaming quality maps to connect and engage employees with their workplace while also ensuring they follow strict COVID-safety protocols such as contact tracing, wellness checks and social distancing while in the office. The NXT platform has been successfully put into practice at NETSOL offices and is available as a software application that can be quickly scaled for companies of all sizes. To view a video showcasing the NXT workplace platform key features, please visit: https://netsoltech.com/nxt/ “The global pandemic has radically transformed the modern working environment and has made even more clear every company’s responsibility to their employees’ health and safety,” said Faisal Bhatti, NETSOL’s Global Human Capital Management Officer. “Our collaboration with WRLD to transition our global operations to a work-from-home hybridization helped to inform the NXT product. We believe its applications will be beneficial to any organization looking to meet today’s unique challenges both during and post-pandemic. NXT has enabled our company to establish and enforce robust standard operating procedures (SOPs) to bring employees back to work in an efficient and socially distant manner, while simultaneously keeping in contact with employees’ productivity on and off-campus.” The NXT workplace is a flexible platform that interfaces with an organization’s HR and building management as well as its IoT, productivity and wellness systems to create a Digital Twin of its office space and provide real-time workplace intelligence. Through IoT datasets such as indoor positioning and occupancy sensors, NXT helps employees to assign workspaces and book meetings in real-time while socially distancing within theoffice. The NXT platform has been optimized to provide organizations with administrative control over protected data, establishing a fully-secure and cloud-integrated system that enables remote access and on-prem management. The NXT platform features include:
“Our initial implementations at NETSOL’s headquarters and at a leading financial and media company headquartered in New York have allowed us to prove out our technology as well as establish market readiness for our state-of-the-art platform, NXT,” said Iain Bethune Head of Software Development at WRLD. “We look forward to continuing our work with NETSOL to help other companies bring their employees back to the office and assure them it can be done safely and efficiently.” The NXT platform leverages WRLD's rapid indoor map creation capabilities that allow the NXT workplace to be implemented in 30 days with full customer-specific integrations, deployment, and installation within just 60 days. WRLD has implemented a flexible pricing model based for NXT either on square footage per year or monthly active users, offering entry-level pricing for SMEs as well. To learn more about the NXT workplace application please visit here. About NETSOL Technologies About WRLD WRLD’s Digital Twins create a bridge between digital and physical worlds. The company has delivered and operationalized immersive experiences for some of the most storied Fortune 500 enterprises. WRLD 3D maps are built using high-quality geographic data so companies can create 3D visualizations, run simulations, and develop dynamic, location-based experiences and games. WRLD offers robust digital map-making power for developers to quickly create virtual worlds, smart buildings and more. Forward-Looking Statements Investor Relations Contact: Matt Glover and Tom Colton Media Relations Contact:
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