Mapsted Corp. Wins Six Honours in the Annual 2019 CEO World Awards

MISSISSAUGA, Ontario, Aug. 8, 2019 /PRNewswire-PRWeb/ -- Mapsted Corp., a next-generation indoor navigation company, has been honoured with 6 awards in the prestigious 2019 CEO World Awards. Mapsted and its executives were awarded:

• CEO of the Year Gold Winner in Engineering and Technology, Mapsted CEO Paramvir Nagpal
• Top CEO of the Year in the Rising Star category, Mapsted CEO Paramvir Nagpal
• Company of the Year, Engineering and Technology, CEO Paramvir Nagpal, COO Saeedeh Hamidifar
• Most Innovative Company of the Year, CEO Paramvir Nagpal, COO Saeedeh Hamidifar
• Startup of the Year in the Business Products category, CEO Paramvir Nagpal, COO Saeedeh Hamidifar
• Startup of the Year in Technology Software, CEO Paramvir Nagpal, COO Saeedeh Hamidifar

The coveted annual CEO World Awards program encompasses the world's best in leadership, innovation, organizational performance, new products and services, CEO excellence studies, corporate social responsibility, and milestones from every major industry in the world.

Judges from a broad spectrum of industry voices from around the world participated, and their average scores determined the 2019 award winners. Winners will be honored in San Francisco on Monday, October 28, 2019 during the annual SVUS Red Carpet Awards Ceremony Dinner in San Francisco attended by the finalists, winners, judges and industry peers.

Mapsted developed the world's only indoor navigation solution that delivers high accuracy and does not require Beacons, Wi-Fi, or other external hardware.

"It's an honour to be recognized by the CEO World Awards," said Mapsted Founder & CEO Paramvir Nagpal. "From the start, Mapsted's goal has been to deliver world-class indoor navigation solutions to our global clientele."

"Being honoured for our achievements by the CEO World Awards," said Co-founder & COO Saeedeh Hamidifar, "highlights how having a clear strategic direction and vision successfully allows a company to focus on innovation and high-performance results."

Mapsted has 40 patents awarded and over 50 patents pending for their groundbreaking technology. The core technology uses a probabilistic framework to provide localization and positioning services using commercially available smartphones or smart devices. The company's sophisticated algorithm can provide high accuracy without the need for additional infrastructure, but it also automatically leverages additional infrastructure, where available, for even better performance.

Along with enhancing the overall user experience by providing effortless indoor navigation, Mapsted's platform allows businesses to engage with their customers. Mapsted provides a platform to market intelligently by targeting the right type of customers at the right time. Businesses can control the content, time frame, and budget for their promotional ads, which ultimately allows for the highest return on investment.

In addition, Mapsted can provide powerful location-based real-time analytics, which help businesses gain valuable insight. Using this powerful data can increase security, optimize facility layouts, and improve operational inefficiencies.

Mapsted Corp.
Mapsted is an innovative Canadian technology firm and a world leader in indoor location services.

Unlike competing platforms, Mapsted's stand-alone patented solution doesn't rely on the use of expensive external hardware to determine position, making it highly accurate, scalable, and inexpensive. The company holds 40 patents and has over 50 patents pending for its innovations.

The company offers two unique products to its clientele. Mapsted SDK provides indoor location-based solutions for airports and airlines; museums and art galleries; big box retailers; colleges and universities; trade shows and exhibitions; and resorts and parks. Mall mApp caters to retailers and shopping centres.

Mapsted SDK is a platform for businesses to enable their applications with next generation location-based services. Businesses can leverage advanced indoor navigation and positioning technology, engage customers with hyperlocal, intelligent marketing solutions, and get deep insights into customer behaviour with a comprehensive location-based analytics suite to take their company to the next level.

Mapsted's Mall mApp is the ultimate shopping experience app, with smart navigation, news feed and more.

For more information, please visit https://mapsted.com/

About the CEO World Awards        
CEO World Awards are an annual industry and peers recognition program honoring CEOs and organizations of all types and sizes in North America, Europe, Middle-East, Africa, Asia-Pacific, and Latin-America. The Annual CEO World Awards is part of the SVUS Awards® recognition program from Silicon Valley in the United States of America, which also includes other programs such as Consumer World Awards, Customer Sales and Service World Awards, Golden Bridge Awards, Globee Awards, Info Security PG's Global Excellence Awards, Network Products Guide's IT World Awards, Pillar World Awards, PR World Awards, and Women World Awards. Learn more about the CEO World Awards and see the complete list of winners https://ceoworldawards.com/winners/2019-winners/

SOURCE Mapsted Corp.