SPYR Inc (OTCQB:SPYR), which is focused on developing products leveraging the Internet of Things (IoT) for consumers and industries, has announced positive developments for its recent acquisition, GeoTraq Inc.
The Woodlands, Texas-based diversified technology company said Polte Corporation, an advanced cloud location over cellular (C-LoC) technology leader, and its new subsidiary GeoTraq, a mobile IoT module manufacturer and connectivity provider, have forged a collaboration to embed Polte’s location technologies into two new GeoTraq NB-IoT/LTE-M modules - the Tracker-Module GT-TM100 and Sensor-Module GT-SM100.
According to SPYR, Polte’s C-LoC location solution enables GeoTraq to eliminate the need for GPS/GNSS radios by leveraging globally available mobile IoT (NB-IoT and LTE-M) networks. In addition to providing wide-area outdoor coverage from sparse rural-to-dense urban, Polte’s location solution enables accurate tracking indoors, even when objects are inside vehicles, or in shipping containers.
READ: SPYR Technologies introduces investors to its recent acquisition GeoTraq
Polte’s cloud-based secure chip-to-cloud software solution enables unprecedented reach for locating things wherever they are, noted SPYR.
Meanwhile, GeoTraq’s Tracker-Module GT-TM100 is designed specifically for low-cost asset tracking and other location-based intelligent use cases. The module’s ultra-small 16 by 12-millimeter (mm) form factor allows it to be incorporated into almost any existing or new battery-powered machine, tool, or product to provide intelligent insights.
On the other hand, GeoTraq’s Sensor-Module GT-SM100 offers the fastest, secure, and most efficient Mobile IoT connectivity, according to SPYR. The GT-SM100 includes both an eSIM and connectors for easy attachment of antennas, batteries, and a variety of sensors, including temperature, flow, pressure, humidity, motion, and acceleration.
SPYR explained that the Sensor-Module GT-SM100 operates by transmitting small packets of data for scheduled reports or trigger-based event alerts, which GeoTraq expects will be configured using the GeoTraq’s WebTraq portal and integrated into a customer’s choice of IoT platforms for visualization.
In a statement, Polte CEO Ed Chao said: “We see a huge market opportunity for low-cost, battery-powered IoT asset trackers across many industry verticals from shipping and transportation, to manufacturing to tracking everyday objects. We are at the very beginning of what is possible with mobile IoT.”
“Polte’s positioning technologies together with GeoTraq’s innovative mobile IoT modules deliver on the promise of the Internet of Things. The most common everyday objects will now be able to connect at an extremely low cost with very low power,” he added.
Meanwhile, GeoTraq chief technology officer Pierre Parent, who has three decades of wireless industry experience revealed that the firm has been working with Polte for over a year.
“They have superior technology for adding location services to our small, low-cost line of Mobile IoT modules. We believe that the business world has not fully grasped the changes that are occurring in the tracking industry and the advancements that positioning on the LTE radio channel will provide,” said Parent.
“Historical tracking solutions use GPS, which adds $3–$4 in extra component costs and produces a significant drain on the battery life. If your goal is to build a disposable tracking tag for less than $10 to monitor critical materials and packages while they are in the mail, GPS is a non-starter. It’s too bulky, expensive, and probably won’t work indoors," he added.
Parent emphasized that Polte “resolves these problems for us, allowing GeoTraq to produce a low-cost module with enhanced location positioning technology.”
In addition to its subsidiary GeoTraq, SPYR has another subsidiary called Applied Magix Inc, which develops and resells Apple ecosystem-compatible products aimed at the IoT smart home and connected car markets.
Contact the author Uttara Choudhury at uttara@proactiveinvestors.com
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