SPYR’s (OTCQB: SPYR) second subsidiary and mobile internet of things (“IoT”) technology company, GeoTraq Inc., designs and develops self-contained, fully integrated, mobile IoT modules targeting a less crowded but fundamental niche. This niche is one that the major players largely ignore as they target the complex and costlier needs of higher-end segments of the location-based services (“LBS”) market. “Having established that there is a big market for compact and low-power battery compatible LBS solutions, GeoTraq began developing mobile IoT modules packaged in a form factor so small that it fits almost anywhere, tapping into any available outside battery source or its own internal battery,” explains a recent article. “GeoTraq’s state-of-the-art engineering means modules that are plug-and-play and are capable of deployment in less than five minutes. In contrast, according to GeoTraq, the average high-end IoT deployment can take close to a year, requiring a handful of vendors as well as multiple complex components. GeoTraq’s plug-and-play attribute, coupled with their small form factor, makes the modules ideal for integrating into a variety of objects that a company may want to track, such as electric drills, mobile toilets, guns, and shipping containers, just to mention a few, adding easy and cost-effective intelligent asset tracking and remote monitoring capabilities.”
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About SPYR Technologies
SPYR is a technology company which, through its subsidiary Applied Magix Inc., develops and resells Apple(R) ecosystem compatible products with an emphasis on the growing multibillion-dollar IoT smart home and connected car markets. Also, through its subsidiary GeoTraq, SPYR develops and manufactures entirely self-contained, ultra-small mobile IoT (“internet of things”) modules: Tracker-M modules for asset tracking and location-based services, as well as Sensor-M modules used for remote monitoring. SPYR continues to identify and target acquisitions that will grow its footprint in the industry and expand the products it offers consumers, including companies developing artificial intelligence (“AI”) and smart technology products. For more information about SPYR, visit https://ir.SPYR.com.
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