Trakopolis IoT Corp. announced that the Company has received a formal demand for payment of its credit facilities from its lender, ESW Holdings Inc. ("ESW") and a Notice of Intention to Enforce Security pursuant to s.244 of the Bankruptcy and Insolvency Act. ESW has formally demanded payment in the amount of USD 3,425,518 and has requested payment in full of such amount immediately. The Company is reviewing options of how to extend the payment deadline or settle with ESW.