Genesis Electronics Group’s Subsidiary Glīd Partners With Sensored Technologies, Inc To Bring The New Era of Digital Anti-theft Technology To The Shipment Of Cargo And Freight

Glīd and CargoSecure aim to bring smart anti-theft technology to both road and rail

Salt Lake City, UT, July 20, 2023 (GLOBE NEWSWIRE) -- Salt Lake City, UT – July 20, 2023 – Genesis Electronics Group, Inc. (GEGI), the maker of the autonomous road-to-rail patent-pending shipping technology, Glīd, announced that it has entered into a partnership agreement with Sensored Technologies, Inc., the maker of a first-of-its-kind, IoT, patent-pending, NFC-powered, cloud-based, real-time data security digital cargo theft solution called CargoSecure.

Led by Founder and Chief Executive Officer Mr. David Craig, Sensored Technologies, Inc., is an IoT, SaaS-based technology company with a key interest in solving big problems in the supply chain and commercial transportation space.

Currently, the company is working on developing the first NFC-enabled cargo theft locking solution called CargoSecure, which will consist of the web-based CargoSecure software platform, mobile application, and its CS1 hardware. It will be the first cost-effective, digital, and cloud-based mobile solution introduced to the market, turning an NFC-enabled device like a mobile phone or reader into the key.

Cargo theft is a very big problem for all stakeholders, currently estimated to cost the US economy 15-35 billion dollars annually according to the National Insurance Crime Bureau. CargoSecure’s mission is to deter, secure and prevent these all too frequent occurrences from taking place by deploying technology that will eliminate less secure devices such as truck seals or padlocks, that are passive, and offer no real-time data or situational awareness. These features will lower operational costs, and reduce daily costly delays that result from cargo theft on road and rail operations.

Mr. Craig commented, “Through this strategic partnership, Glīd and CargoSecure are set to redefine the logistics landscape, ensuring end-to-end security, transparency, and efficiency for our business partners and their customer's freight as they are transported by road and rail. The seamless integration of Glīd’s autonomous capabilities with CargoSecure’s digital and battery-free NFC smart lock solution promises to unlock new possibilities in cargo transportation, forging a path toward a smarter safer, and more sustainable future. I speak for everyone at Sensored Technologies, Inc., when I say we are very excited about this partnership and look forward to the road and rails ahead with Glīd.”