LAS VEGAS, July 25, 2019 /PRNewswire/ -- GeoTraq Inc.,
a subsidiary of Appliance Recycling Centers of America, Inc.
(NASDAQ: ARCI), announced today that CIO Bulletin has
named it among the 30 Most Innovative Companies 2019.
"CIO Bulletin 30 Most Innovative Companies 2019 is a premier
recognition program which identifies companies that have the most
innovative approach towards understanding the market trends and
exceptional problem solving techniques in the field of Business and
Technology," said J.P. Pande, Editor-in-Chief of the CIO
Bulletin magazine. The publication has selected GeoTraq based on
its customer-centric approach, openness to innovation,
collaborations, ability to forecast future technology trends, and
commitment to excellence.
"We are honored and highly motivated to be
recognized by CIO Bulletin as one of the 30 Most Innovative
Companies 2019," said Pierre
Parent, GM, and CTO at GeoTraq Inc. "Our approach to
enabling widespread adoption of Mobile IoT is through simplicity
and by solving pain points for businesses through data-driven
GeoTraq modules use the latest in NB-IoT/ LTE-M, low power wide
area network technology and are expected to deliver highly accurate
location data for indoor and outdoor positioning. The modules will
also transmit prescheduled data reports containing location
information and sensor integrated data. The company believes the
emergence and availability of Mobile IoT networks are essential for
protecting and monitoring assets beyond the job site and across the
The primary objective for GeoTraq is reducing battery
consumption for their ultra-small Mobile IoT connected modules.
GeoTraq anticipates the unique, self-contained form factor of their
modules will be a great advantage for businesses looking to
implement an IoT solution. The plug and play aspect of their
technology will allow enterprises to discreetly and conveniently
retrofit existing assets of all sizes, as well as legacy
GeoTraq views their Mobile IoT technology as a power-efficient
and results-driven solution for simple IoT applications, intended
to provide businesses with the right data at the right time.
Read the article from CIO Bulletin announcing GeoTraq as one of
the 30 Most Innovative Companies 2019 at
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.
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 delivery of highly accurate location
data by GeoTraq's modules and the advantages such modules will be
for third parties. 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, as amended, 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
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.
Tiffani Neilson (USA), +1.702.757.4080;
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