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SPYR’s Subsidiary GeoTraq Granted Patent Covering Various Aspects of Operation of Its Mobile IoT Wireless Modules
SPYR’s Subsidiary GeoTraq Granted Patent Covering Various Aspects of Operation of Its Mobile IoT Wireless Modules.
About this update from Spyr, Inc.
[{"type":"text","content":"\n THE WOODLANDS, Texas, June 14, 2022 (GLOBE NEWSWIRE) -- via InvestorWire – SPYR Technologies (“SPYR” or the “Company”), a technology company, announces today that the company’s subsidiary Geotraq has been granted a patent which covers various aspects of operation of its mobile IoT wireless modules. Chris Chammas, project engineer, stated, “GeoTraq is a mobile Internet of Things (“IoT”) technology company that designs innovative wireless modules that provide Location Based Services (“LBS”) and connect external sensors to the IoT. GeoTraq is planning to manufacture and sell wireless transceiver modules and subscription services that will allow connectivity using publicly available global mobile IoT networks. GeoTraq addresses the large LBS market segment that is currently underserved with existing solutions due to high deployment costs (hardware, service, logistics), limited battery life and large form factors. We believe there is a large, underserved portion of the LBS market that is not addressed by existing solutions. RFID and Wi-Fi require proximity for asset tracking, while GPS is too bulky and uses too much power for many needs. GeoTraq addresses the white space in-between by designing wireless transceiver modules with technology that provides LBS directly from global mobile IoT networks. GeoTraq’s technology allows for a substantially lower cost solution, extended service life, a small form factor, and even disposable devices, which we believe can significantly reduce return logistics costs.” GeoTraq applied for and was granted Patent No. 10,182,402, which covers various aspects of operation of its mobile IoT wireless modules. A description of the patent features and its various claims includes: 1. An apparatus comprising of: an interval timer; a power control; a Short Message Service (SMS) packetizer; a geo-locator; a radio frequency (RF) communicator; a controller and a memory, with the memory comprising instructions for the controller to operate the interval timer cooperatively with the power control to cause a transition of the geo-locator from a sleep state to a wake state after a preset defined time interval, and to operate the geo-locator to receive signal strength levels and corresponding cell IDs from a plurality of cellular base stati...