LAS VEGAS, April 25, 2019 /PRNewswire/ -- GeoTraq Inc.,
a subsidiary of Appliance Recycling Centers of America, Inc.
(NASDAQ: ARCI), announced today the transition from GSM to
LTE-M/NB-IoT connectivity, creating a new class of Mobile IoT
modules. GeoTraq is developing a Tracker-Module for asset tracking
and location-based services, along with a Sensor-Module used for
remote monitoring. GeoTraq believes that the new ultra-small Mobile
IoT modules will radically change the way businesses locate assets
and communicate data globally.
Mobile IoT refers to low power wide area (LPWA) managed IoT
networks in licensed spectrum. LTE-M and NB-IoT networks have been
standardized by the 3rd Generation Partnership Project
(3GPP) and have been classified by the mobile industry as Mobile
IoT. According to the GSMA, "the availability of Mobile IoT
around the world is growing at an unprecedented speed."
Additionally, the GSMA announced, Mobile IoT coverage is
expected to reach approximately 93% of the world's largest IoT
markets by Q2 2019.
GeoTraq's new Mobile IoT modules will offer many of the same
core features as GeoTraq's original GSM module. Small size, low
power, long battery life, and global connectivity remain at the
cornerstone of GeoTraq technology. Designed with a self-contained
form factor, GeoTraq modules eliminate the hassle and cost of
designing and building a printed circuit board for mounting. The
GeoTraq modules are plug and play for easy attachment of antenna,
battery, and desired sensors.
GeoTraq is using Sequans Monarch SiP, which is the world's most
highly-optimized LTE-M/NB-IoT chip of Sequans combined with the
universal radio front end of Skyworks. Monarch incorporates PoLTE
technology for accurate indoor and outdoor positioning capability
using only the LTE radio---no GPS or GNSS required. Monarch
provides global coverage and is certified by operators around the
world. Engineered to enhance the capabilities of power saving mode
(PSM) and extended discontinuous reception (eDRX), GeoTraq enables
the long battery life needed by many IoT use cases.
General Manager of GeoTraq and 30-year wireless industry
veteran, Pierre Parent, shares, "Our
niche in the IoT/ M2M industries is focused on Simple IoT. Our
modules enhance the capabilities of existing technology by driving
innovation in our products."
GeoTraq engineers are currently testing prototypes of the new
modules. GeoTraq expects submission for regulatory
certification this summer.
GeoTraq will be exhibiting at Internet of Things World
May 14-16 at booth #852. Internet of
Things World is North America's
largest IoT event held in Santa Clara,
CA.
For businesses looking to create real ROI through the Internet
of Things, GeoTraq believes it offers an easy to use, quick to
deploy solution that delivers the right data at the right time.
More information is available at www.geotraq.com.
Forward-Looking and Cautionary Statements
This press
release contains "forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995. In
accordance with the safe harbor provisions of this Act, statements
contained herein that look forward in time that include everything
other than historical information, involve risks and uncertainties
that may affect the company's actual results. These forward-looking
statements can be identified by terminology such as "will,"
"expects," "anticipates," "future," "intends," "plans," "believes,"
"estimates" and similar statements, and includes statements
relating to whether GeoTraq's modules will change the way
businesses locate assets and communicate globally and when the
GeoTraq modules will be submitted for regulatory
certification. Appliance Recycling Centers of America, Inc.
("ARCA"), the registrant, may also make written or oral
forward-looking statements in ARCA's periodic reports to the U.S.
Securities and Exchange Commission (the "SEC") on Forms 10-K and
10-Q, Current Reports on Form 8-K, in its annual report to
stockholders, in press releases and other written materials, and in
oral statements made by its officers, directors, or employees to
third parties. There can be no assurance that such statements will
prove to be accurate and there are a number of important factors
that could cause actual results to differ materially from those
expressed in any forward-looking statements made by ARCA. ARCA
cautions that these forward-looking statements are further
qualified by other factors including, but not limited to, those set
forth in ARCA's Annual Report on Form 10-K, as amended, for the
fiscal year ended December 29, 2018
(available at http://www.sec.gov). ARCA undertakes no
obligation to publicly update or revise any statements in this
release, whether as a result of new information, future events, or
otherwise.
About GeoTraq
GeoTraq is a Mobile IoT module
manufacturer and connectivity provider. GeoTraq offers asset
tracking and remote monitoring through Mobile IoT modules with
global connectivity. GeoTraq Mobile IoT modules report location
data with the ability to measure variables from external sensors
such as temperature, flow, pressure, humidity, motion, acceleration
and more. The modules transmit data for scheduled reports or
trigger-based event alerts. GeoTraq technology is designed to
streamline business processes and increase operational efficiency
to drive ROI and solve real business challenges. Visit GeoTraq
online at www.GeoTraq.com.
About ARCA
ARCA and subsidiaries are in the business
of recycling major household appliances in North America by providing turnkey appliance
recycling and replacement services for utilities and other sponsors
of energy efficiency programs. In addition, through GeoTraq, ARCA
is engaged in the development, design and ultimately, ARCA expects,
the sale of Mobile IoT modules.
GeoTraq contact:
Tiffani
Neilson (USA),
+1.702.757.4080; tneilson@geotraq.com
Sources:
https://www.gsma.com/iot/mobile-iot-innovators/mobile-iot-evolution-tracker/
https://www.gsma.com/newsroom/press-release/low-power-mobile-iot-networks-now-available-from-all-leading-iot-operators-worldwide/
https://www.gsma.com/iot/mobile-iot/
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SOURCE Appliance Recycling Centers of America, Inc.