GeoTraq Redefines Asset Tracking with Revolutionary Location Technology, Outshining Traditional Tracking Solutions

THE WOODLANDS, Texas, July 24, 2023 (GLOBE NEWSWIRE) -- SPYR, INC. (OTC: SPYR), a diversified technology company developing products leveraging the Internet of Things (IoT) for consumer use and large-scale applications and industries, is pleased to announce the continued development of its revolutionary GeoTraq Micro-Tracker Modem (www.geotraq.com). GeoTraq, a leading provider of cutting-edge tracking solutions and wholly owned subsidiary of SPYR (Ticker: SPYR), is excited to announce the launch of its revolutionary location tracking technology, setting a new benchmark in asset tracking and surpassing traditional methods. This ground-breaking solution empowers businesses with unmatched precision and global connectivity, revolutionizing how assets are monitored and managed across various industries.

GeoTraq's location tracking technology leverages the power of the Internet of Things (IoT) and advanced cellular networks to provide real-time, precise, and reliable location data for a diverse range of assets, from vehicles and equipment to merchandise and more. By offering a seamless global connectivity experience, GeoTraq eliminates the limitations that have hampered traditional tracking solutions.

Key advantages of GeoTraq's location tracking technology over traditional tracking methods include:

Unparalleled Precision: GeoTraq's technology delivers real-time, pinpoint location data with unprecedented accuracy. Traditional tracking methods often struggle with accuracy, leading to imprecise asset location information.

Global Connectivity: GeoTraq operates seamlessly on cellular networks worldwide, offering comprehensive coverage even in remote areas. In contrast, some traditional tracking methods rely on limited-range technologies, hindering asset monitoring in certain regions.

Real-Time Insights: With GeoTraq, businesses can access up-to-date location information instantly, enabling informed decision-making and timely responses. Many traditional tracking methods have delayed reporting, impeding proactive asset management.

Easy Integration: GeoTraq's compact and lightweight trackers are designed for easy installation and seamless integration into existing systems, minimizing disruption and installation costs. Some traditional tracking solutions may require extensive setup and configuration.

Extended Battery Life: GeoTraq's trackers feature optimized power management, ensuring prolonged battery life for continuous asset tracking without frequent recharging. In contrast, certain traditional tracking technologies may drain batteries quickly, necessitating frequent replacements.