SPYR (OTCQB: SPYR), a diversified technology company developing products and leveraging the Internet of Things (“Iot”) for consumer use and large-scale applications and industries, and its subsidiary GeoTraq, offer patented technology — the WebTraq(R) platform — designed to provide “Smart Solutions for Simple IoT Problems.” The exclusive tech company features asset tracking and remote monitoring through Mobile IoT modules that include global connectivity. According to the company, solving simple, blue-collar challenges is a priority because these problems offer key potential in the huge IoT marketplace. For instance, the company noted, at the end of the day, a rancher for wants to know if all the gates are closed, a builder needs to know if materials were delivered to a job site before sending a crew, and an energy services company is tracking when a tank nears empty so it can schedule a delivery. The company’s proprietary platform manages this complexity. “You have to attack this problem at all levels of the solution. Modem hardware design and firmware, network connectivity and timing, messaging structures and interaction with a customer’s backend systems all have to be considered,” said GeoTraq chief technology officer Pierre Parent. “GeoTraq’s tiny IoT connectivity modems are squarely focused on providing the lowest power consumption curve and best battery conservation in the industry. Reducing the battery drain is key to making smaller, lower-cost devices. Lower power consumption leads to smaller batteries and reduces cost, size and weight of the unit. . . . We view this as an imperative key to unlocking many underserved and even unserved IoT market opportunities.”
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About SPYR Inc.
SPYR Technologies is a technology company that, 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. Through its GeoTraq business, SPYR 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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