NYSE veteran trader brings decades of experience in the financial markets and helping businesses innovate and expand across multiple verticals to drive the next phase of growth.

LocatorX, a leading provider in the supply chain IoT (Internet of Things) sector, today announced the addition of distinguished market analyst, Steve Grasso to its Advisory Board. This strategic addition comes at a pivotal time as LocatorX prepares to navigate through its next phase of growth and market expansion.

Grasso, CEO of Grasso Global Inc. and CNBC contributor, has been an active trader for the past 30 years. He is a regular contributor on CNBC’s top-rated show Fast Money and frequent speaker at traders’ conferences and business roundtables around the country. Grasso holds several corporate board advisor positions leveraging his vast Wall Street knowledge and experience to help guide the growth strategy.

Chester Kennedy, CEO at LocatorX, commented, “We are pleased to be at a point in our journey where we are ready to transition to larger scale opportunities that will require a different level of investment. We are extremely fortunate to have someone with Steve's knowledge and experience advising as we navigate the challenges and opportunities of scaling our financial strategy for this exciting next phase.”

Grasso added, “When I evaluate companies, I look for two things: a company that has a tech overlay that can scale and has tremendous growth potential. LocatorX checked those two boxes. I am excited to join the Advisory Board and work with the team to leverage my expertise and network to help drive exponential growth for the organization.”

Grasso’s career began on the floor of the New York Stock Exchange in 1993. Since 1999 Grasso has worked as an institutional sales trader, working with some of the largest global mutual funds, pension funds, insurance companies and hedge funds. As an Executive NYSE Floor Official and Governor, he has actively participated in various NYSE committees over the years, whose work included allocating new listings to market-making firms and developing standardized tests for continuing education for the floor community. He closely follows the Washington D.C./Markets connection, using his Capitol Hill and SEC relationships to better educate himself and his clients on policy changes and regulation that impact the stock market.

Grasso continued, “LocatorX has deep client relationships with an impressive customer base and incredible marketplace potential. Their technology solves supply chain challenges faced by every organization.”

LocatorX’s trusted intelligent IoT platform harnesses the power of the data it collects through the unique digital fingerprint it assigns to every individual product and/or asset. By leveraging the extensive amount of intelligence collected, companies can proactively engage through the entire product lifecycle, supply chain, and beyond. LocatorX specializes in IoT for MedTech, Life Sciences, Pharmaceuticals, Manufacturing, Aerospace, and Defense. The LocatorX platform is a standalone solution or can be integrated with CRM, ERP, and WMS applications as well as available to sit natively within Salesforce and available on AppExchange.

For more information visit www.locatorx.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20240116343167/en/