InvestorNewsBreaks – SPYR Inc. (SPYR) Shares GeoTraq Update

Jun 29, 2022

SPYR (OTCQB: SPYR), dba SPYR Technologies, a diversified technology company developing products and leveraging the Internet of Things (“Iot”) for large-scale applications and industries, has released an update regarding GeoTraq, its recent acquisition. The update comes from GeoTraq chief technology officer Pierre Parent, who noted that the GeoTraq team is “elated” to be part of SPYR and what that means in its ability to develop technology and use the IoT in truly massive, industry-altering ways. GeoTraq develops and manufactures self-contained and ultra-small Mobile IoT modules for asset tracking, location-based services, and sensor modules for remote monitoring. According to the announcement, the modules are plug-and-play and include turnkey connectivity to cloud services via GeoTraq’s proprietary cloud-based “WebTraq” platform. “GeoTraq’s Tracker module, which pinpoints the geo-location using cell-tower triangulation, is currently in the later stages of development and has already gained PTCRB certification and is FCC compliant,” said GeoTraq chief technology officer Pierre Parent in the press release. “GeoTraq is targeting to ship production units in Q1 2023. Right behind that will be Sensor module, which in addition to geo-location will provide remote sensor monitoring to GeoTraq’s suite of turnkey solutions. The sensor modules are being targeted for Q3 2023 release. Both devices are all-in-one turnkey solutions. They will come with built-in cellular connectivity that can be activated right outside of the box as well as access to GeoTraq’s cloud-based proprietary web portal, WebTraq. To be clear, we are working diligently to roll out a diversified suite of blue-collar IoT problem solvers with the ability to service a seemingly infinite array of applications. There is no celling on our expectations.”

To view the full press release, visit https://ibn.fm/eJOIC

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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