NetworkNewsBreaks – SPYR Technologies’ (SPYR) GeoTraq Targeting Niche Market with Innovative LBS Solutions

SPYR’s (OTCQB: SPYR) second subsidiary and mobile internet of things (“IoT”) technology company, GeoTraq Inc., designs and develops self-contained, fully integrated, mobile IoT modules targeting a less crowded but fundamental niche. This niche is one that the major players largely ignore as they target the complex and costlier needs of higher-end segments of the location-based services (“LBS”) market. “Having established that there is a big market for compact and low-power battery compatible LBS solutions, GeoTraq began developing mobile IoT modules packaged in a form factor so small that it fits almost anywhere, tapping into any available outside battery source or its own internal battery,” explains a recent article. “GeoTraq’s state-of-the-art engineering means modules that are plug-and-play and are capable of deployment in less than five minutes. In contrast, according to GeoTraq, the average high-end IoT deployment can take close to a year, requiring a handful of vendors as well as multiple complex components. GeoTraq’s plug-and-play attribute, coupled with their small form factor, makes the modules ideal for integrating into a variety of objects that a company may want to track, such as electric drills, mobile toilets, guns, and shipping containers, just to mention a few, adding easy and cost-effective intelligent asset tracking and remote monitoring capabilities.” To view the full article, visit https://nnw.fm/EJSQt About SPYR Technologies SPYR is a technology company which, 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. Also, through its subsidiary GeoTraq, SPYR develops and manufactures entirely self-contained, ultra-small mobile IoT (“internet of things”) modules: Tracker-M modules for asset tracking and location-based services, as well as Sensor-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 SPYR, 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://nnw.fm/SPYR About NetworkNewsWire NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge. To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 888-902-4192 (U.S. Mobile Phones Only) For more information please visit https://www.networknewswire.com Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer NetworkNewsWire (NNW) New York, New York www.networknewswire.com 212.418.1217 Office Editor@NetworkNewsWire.com NetworkNewsWire is part of the InvestorBrandNetwork