TransactionsIP LLC is pleased to present the attached exclusive patent for sale “Geographic Chip Locator” which includes U.S. Patent 9,195,864, assigned to Lawrence D. Simmons, JR. The IP relates to a system for obtaining location and additional information via short range communication.
The technology disclosed provides the following advantages:
- The system provides available information at any location of tagged devices.
- The additional information being fetched from server’s memory saves the tag memory space and hence the tag’s manufacturing cost reduces greatly.
- Active use of handheld device enables any mobile device to be used as a scanner and therefore eliminates the need for separate scanners.
- The invention provides a centralized data for asset tracking.
The global Asset tracking market was estimated 10.7 billion USD in 2016. The growth projection of the asset management system market is rocketing because of the reduced inventory and stock management cost as well as effective utilization of existing equipment through tracking and monitoring thereby helps organizations to achieve their objectives.