SPYR (OTCQB:SPYR) Inc has announced that its GeoTraq subsidiary’s patented technology allows the company to offer “Smart Solutions for Simple Internet of Things (IoT) Problems”.
The technology firm said it is employing many innovations to achieve its low power consumption profile and many of these are included in its Patent 10,182,402.
“We view this as an imperative key to unlocking many underserved and even unserved IoT market opportunities,” GeoTraq chief technology officer Pierre Parent said in a statement.
READ: SPYR launches GeoTraq’s new Micro-Tracker modem, the world’s smallest IoT tracking device
“GeoTraq’s tiny IoT connectivity modems are squarely focused on providing the lowest power consumption curve and best battery conservation in the industry,” Parent added.
SPYR (OTCQB:SPYR) noted that modem hardware design and firmware, network connectivity and timing, messaging structures and interaction with a customer’s backend systems all have to be considered, and the company’s WebTraq Platform seamlessly manages most of this complexity and makes it easy for customers to enjoy the benefits of long battery life.
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 entirely self-contained, ultra-small mobile IoT modules.
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