LAS VEGAS, June 25, 2019 /PRNewswire/ -- GeoTraq Inc.
announces their membership to the GSMA with plans to raise the
standard for Mobile IoT.
The GSMA is a global organization dedicated to raising standards
for the mobile industry. They provide members with resources and
guidance that promotes interoperability and maximizes the benefits
of IoT for all. As the largest industry committed to the UN's
Sustainable Development Goals, they see mobile connectivity as a
tool for "intelligently connecting everyone and everything to a
Earlier this year, GeoTraq announced their transition from GSM
to Mobile IoT networks for connectivity to create a new class
of Mobile IoT modules. 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.
GeoTraq believes their new ultra-small Mobile IoT modules are a
game changer for businesses that require simple, low cost IoT
solutions with long battery life. GeoTraq has developed two types
of connected hardware; a Tracker-Module used for asset tracking and
location-based services, along with a Sensor-Module used for remote
By utilizing Mobile IoT networks for connectivity, GeoTraq
intends to provide secure and reliable service for businesses with
tracking and monitoring needs beyond what can be offered through
the limited confines of a fixed location or IoT gateway.
Equipped with the latest in NB-IoT/LTE-M, low power positioning
technology, GeoTraq modules are expected to deliver highly accurate
location data for indoor and outdoor positioning. GeoTraq views the
emergence and availability of Mobile IoT networks as an essential
tool to protect and monitor assets beyond the job site and across
the supply chain.
"The speed with which these networks have been standardized and
deployed around the world is staggering. They are now available in
every major IoT market encouraging the development of innovative
new products and services across a wide range of sectors,"
commented Alex Sinclair, Chief
Technology Officer, GSMA. "The market clearly sees the benefit of
solutions in licensed spectrum that offer flexibility,
adaptability, security and lower cost. They are also future proofed
for the 5G era and will support and co-exist with other 5G
Pierre Parent, General Manager of
GeoTraq and 30-year wireless industry veteran, comments "GeoTraq
sees Mobile IoT as a long-term solution for connectivity that
complements our Simple IoT niche in the IoT/ M2M industries."
GeoTraq intends to use the resources available through their
GSMA membership to stay current with the standards necessary for
compliance and interoperability. GeoTraq remains on schedule for
continued hardware testing and expects submission of its Mobile IoT
modules for regulatory certification this summer.
For businesses looking to get on the path to digital
transformation, GeoTraq is expected to offer an easy to use, quick
to deploy solution that delivers the right data at the right time.
Sign up for GeoTraq's monthly newsletter to receive their latest
technology updates at www.geotraq.com.
Forward-Looking and Cautionary Statements
Inc. is a wholly owned subsidiary of Appliance Recycling Centers of
America, Inc. (NASDAQ: ARCI) ("ARCA"). 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 ARCA'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, among others, the timing of GeoTraq's submission of
its Mobile IoT modules for regulatory certification ARCA 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 for the fiscal year ended December 30,
2017 (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.
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.
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.
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