SPYR (OTCQB: SPYR), dba SPYR Technologies, a diversified technology company developing products and leveraging the Internet of Things (“Iot”) for consumer use and large-scale applications and industries, has announced plans to collaborate with Polte Corporation to use Polte location technologies in two new GeoTraq NB-IoT/LTE-M modules: the Tracker-Module GT-TM100 and Sensor-Module GT-SM100. SPYR recently acquired GeoTraq, a mobile IoT module manufacturer and connectivity provider, and Polte is a leader in advanced Cloud Location over Cellular (“C-LoC”) technology. Using Polte’s proprietary location technology leverages globally available mobile IoT (NB-IoT and LTE-M) networks, thereby eliminating the need for GPS/GNSS radios. Polte’s tech also provides highly accurate tracking indoors, even when objects are inside vehicles or in shipping containers. GeoTraq’s Tracker-Module GT-TM100 is designed specifically for low-cost asset tracking and other location-based intelligent use cases. GeoTraq’s Sensor-Module GT-SM100 offers the fastest, most secure and efficient Mobile IoT connectivity. “We have been working with Polte for over a year, and they have a superior technology for adding location services to our small, low-cost line of Mobile IoT modules,” said GeoTraq chief technology officer Pierre Parent in the press release. “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. 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. Polte resolves these problems for us, allowing GeoTraq to produce a low-cost module with enhanced location positioning technology.”
To view the full press release, visit https://ibn.fm/gmqbK
About SPYR Inc.
SPYR Technologies is a technology company that, 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. In addition, its subsidiary GeoTraq develops and manufactures entirely self-contained, ultra-small mobile Internet of Things (“IoT”) modules including Trackertracker-M modules for asset tracking and location-based services, and Sensorsensor-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 this company, visit https://ir.spyr.com.
NOTE TO INVESTORS: The latest news and updates relating to SPYR are available in the company’s newsroom at https://ibn.fm/SPYR
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