SPYR (OTCQB:SPYR) Technologies has provided investors with a shareholder update from Pierre Parent, the chief technology officer of its recent acquisition GeoTraq.
GeoTraq develops and manufactures entirely self-contained and ultra-small mobile Internet of Things (IoT) modules for asset tracking, location-based services, and sensor modules for remote monitoring.
In the letter, Parent said GeoTraq’s clear and unique mission was to beat the drum for “simple IoT” as the company grows as a member of the SPYR (OTCQB:SPYR) family.
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“GeoTraq aims to bring low-cost, turnkey connectivity in ultra-small form factors to market which can be easily integrated into any device,” he said.
“This capability is achieved through a streamlined design that cuts out the bells and whistles typically found in high bandwidth solutions, favoring simplified energy efficient logic and functionality.”
The full letter can be found here.
SPYR Technologies is a technology company which, through its subsidiary Applied Magix Inc, develops and resells Apple ecosystem-compatible products, with an emphasis on the growing multibillion-dollar IoT smart home and connected car markets. Through its subsidiary GeoTraq, the company develops and manufactures fully entirely self-contained, ultra-small mobile IoT modules.
Contact the author Emily Jarvie at emily.jarvie@proactiveinvestors.com
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