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› Forums › IoTStack › News (IoTStack) › hoopo to provide ‘low-power, accurate’ geolocation solutions for asset tracking
Tagged: Tech_G15
#News(IoTStack) [ via IoTForIndiaGroup ]
hoopo’s solutions are based on a patent-pending, triangulation method that uses LPWA data transmissions to generate a precise location. The solutions suite includes low-cost LPWA gateways and devices, as well as a platform for management and real-time notifications. Companies can receive on-demand geolocation, establish geofences, receive movement alerts, and more, ensuring the protection of their valuable assets.
“hoopo’s geolocation technology reveals new business verticals that were limited or impossible when using existing technologies because of their high-cost and significant power consumption,” said Menashe Terem, CEO at Tri-logical, a provider of tracking and management solutions.
“Early applications such as asset tracking are just the beginning of what advances in geolocation will enable,” said Dr. Eli Fogel, former CTO at Intel and an investor at hoopo. “Just as the advent of GPS launched a wealth of applications that no one ever thought of before, such as location-based advertising, there are future applications that this next generation of geolocation technology will enable. We’re excited to see what new applications emerge as customers embrace these new precision location capabilities.”