- SPYR just completed the acquisition of GeoTraq as part of its 2022 expansion plan
- GeoTraq is known for its mission to simplify businesses with mobile IoT by providing low-cost IoT with plug-and-play functionality
- GeoTraq becomes the second company acquired by SPYR, following Applied Magix’s acquisition in 2020
SPYR (OTCQB: SPYR) recently completed the acquisition of GeoTraq, a Nevada-based enterprise that develops and manufactures advanced Internet of Things (“IoT”) modules for location-based services, asset tracking, and sensor modules for remote monitoring. The acquisition is in line with SPYR 2022 expansion plans to strengthen the company’s balance sheet while also growing shareholder value (https://ibn.fm/rVf2l).
Founded back in 2005, GeoTraq made a name for itself in the IoT space, mainly through its mission to simplify businesses with mobile IoT. Driven by its vision for a smart, simple, and connected world, the…
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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