Taiwanese location service technology startup Gyro Systems is creating Bluetooth-based location tracking systems to help improve the efficiency of manufacturing.
Gyro Systems has built an internet-of-things (IoT) system for the indoor and outdoor tracking of assets owned by businesses such as factories, founder and CEO Yang De-chou told Business Next earlier this year.
The 3-year-old firm’s location tracking setups include indoor positioning systems, outdoor GPS tracking and body gesture control. The overall system keeps track of manufacturing equipment locations, helping factories improve production, Yang said.
Gyro’s mission is to improve safety in work and living environments while raising efficiency of factory production, Yang said. “Our startup provides a real-time view of enterprise clients’ business assets,” he said.
Gyro Systems was founded in 2015 in an office at the Innovation Center of National Tsing Hua University in Taiwan. The firm specializes in radio frequency technology R&D, in particular wireless tracking and location-based applications.
Business Next was unable to obtain information the number of Gyro’s clients, its sales to date or any funding sources.
The firm employs 17 people, including radio engineers, software developers and hardware engineers.
Tracking objects via network technology
Gyro’s Sigfox-GPS Tracker—a rechargeable standalone GPS tracker—is built to help users find a variety of location-specific information. It tracks equipment monitored by network technology developed by the French IoT firm Sigfox, as described in this Meet report.
Sigfox’s GPS tracker works with the Gryo Location app. The system can be used for tracking logistics transactions such as the movement of a company’s vehicles.
A client company’s managers and employees can share data using a Sigfox account. The Gyro-Sigfox system can send alerts when tracked objects leave a safe area as designated by the users.
Gyro signed a memorandum of understanding earlier this year with UnaBiz, the exclusive network operator for the French firm Sigfox in Singapore and Taiwan, to develop more applications.
The UnaBiz network is designed to connect IoT sensors and devices. Sigfox’s network competes now with one major rival, LoRa.
According to a survey by Stratistics Market Research Consulting, the global indoor location market was estimated at $5.01 billion in 2016 and expected to reach $52.18 billion by 2023.
Gyro faces competition from Cisco Systems, Google, Apple, Microsoft, Broadcom, Qualcomm Technologies and Geomoby.
The Taiwanese startup stands out as a software-hardware integrator with an edge in hardware manufacturing, Yang said.
“What makes us unique is that in addition to developing location tracking systems and location software algorithms, we also put a lot of resources into designing and making our own hardware devices,” he said.
It’s not easy to grow a young business against client demand for customization, Yang said. “But once you build trust and credibility with your clients, most of them are looking forward to establishing a long-term relationship with you,” he said.