Proxgy Launches Lockator: World’s 1st Low Orbit Satellite-Connected GPS + 4G Smart Lock
29 February 2024
Gurgaon (Haryana) [India], February 28: Leading Indian Industrial IoT startup Proxgy (Everywhere as a Service Private Limited) today announced the launch of its groundbreaking and completely ‘Made in India’ product, the Lockator smart lock. Engineered for the transportation and logistics industry dealing with wagons and removable or fixed containers, Lockator is the first of its kind, incorporating cutting-edge features such as satellite connectivity, LoRaWAN mesh network integration, remote lock/unlock capabilities, RFID and NFC smart key unlocks, geolocation tracking, geofencing, real-time tamper alerts, a robust 90-day battery life, superfast Type-C charging, and a sturdy breakage-proof design.
The satellite and mesh connectivity ensure that the Lockator smart lock is always connected to the backend dashboard and is transmitting and receiving real-time stats and lock/unlock commands, even in zero network zones including deep seas.
The Indian logistics market is poised for substantial growth, with estimates projecting the market size to reach USD 317.26 billion in 2024, expanding at a CAGR of 8.83% until 2029. Proxgy's Lockator is strategically positioned to capitalize on this growth, offering unparalleled security and monitoring capabilities to an industry in dire need of innovative logistics solutions.
Proxgy has already garnered significant interest from various logistics and transportation companies, drawn by Lockator's ability to revolutionize asset security and management. The Lockator smart lock's versatile applications range from safeguarding oil containers against pilferage, ensuring the integrity of examination papers en route to centers, to securing valuable cargo for various government bodies including customs department and election commission, cash management firms, freight forwarders, marine shipping companies, insurance companies and the railways.
Gurgaon (Haryana) [India], February 28: Leading Indian Industrial IoT startup Proxgy (Everywhere as a Service Private Limited) today announced the launch of its groundbreaking and completely ‘Made in India’ product, the Lockator smart lock. Engineered for the transportation and logistics industry dealing with wagons and removable or fixed containers, Lockator is the first of its kind, incorporating cutting-edge features such as satellite connectivity, LoRaWAN mesh network integration, remote lock/unlock capabilities, RFID and NFC smart key unlocks, geolocation tracking, geofencing, real-time tamper alerts, a robust 90-day battery life, superfast Type-C charging, and a sturdy breakage-proof design. The satellite and mesh connectivity ensure that the Lockator smart lock is always connected to the backend dashboard and is transmitting and receiving real-time stats and lock/unlock commands, even in zero network zones including deep seas. The Indian logistics market is poised for substantial growth, with estimates projecting the market size to reach USD 317.26 billion in 2024, expanding at a CAGR of 8.83% until 2029. Proxgy's Lockator is strategically positioned to capitalize on this growth, offering unparalleled security and monitoring capabilities to an industry in dire need of innovative logistics solutions. Proxgy has already garnered significant interest from various logistics and transportation companies, drawn by Lockator's ability to revolutionize asset security and management. The Lockator smart lock's versatile applications range from safeguarding oil containers against pilferage, ensuring the integrity of examination papers en route to centers, to securing valuable cargo for various government bodies including customs department and election commission, cash management firms, freight forwarders, marine shipping companies, insurance companies and the railways.
Stay Connected, Stay Informed –
Don’t miss out on exclusive updates, market trends, and real-time investment opportunities. Be the first to know about the latest unlisted stocks, IPO announcements, and curated Fact Sheets, delivered straight to your WhatsApp.