Wireless Piconet Item Loss Prevention System with Sensor Capabilities on Android Platform
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Authors
Yang, Justin P.
Issue Date
2012
Type
Thesis
Language
en_US
Keywords
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Abstract
The concept for a smartphone notification system known as Tag n’ Grab was manifested from a desire to solve a universal problem: forgetting, misplacing, and losing life-essential belongings. For example: people forget and lose phones, keys, and laptops at airport security checkpoints or in hotels. People may even lose their phones. The Tag n’ Grab notification system is the agile solution. Tag n’ Grab began as a collaborative effort by an innovative group of university students. As a result, GrabiTech Communication (GTC) was formed which will be structured as a limited liability company headquartered in Reno, Nevada. GTC’s primary goal is to be the premier provider for designing, developing, and distributing agile alert solutions for household consumers and working professionals. Tag n’ Grab provides alerts through a smartphone software application that is paired to a battery powered wireless transceiver. The application detects when communication between the tagged device and phone become weak, and it notifies the user to grab the tagged device. Additionally, if the user has a transceiver and has misplaced their phone, the transceiver can be used to ping the phone. Although there are other devices to solve this problem, Tag n’ Grab demonstrates superior innovation with compatibility on multiple mobile operating systems, an easier-to-use application with sensor add-on features, and greater affordability. This results in what GTC envisions to be a competitive edge in the market. GTC’s intent is to create a startup LLC with focus on direct marketing in a variety of venues. With a substantial advertising budget, GTC is confident in building product recognition which will then lend itself to creating retail partnerships with retail entities. GTC is comprised of five students from the University of Nevada, Reno. Each member has a different set of diverse, but complimentary, personalities and talents. This team retains excellent group chemistry. The initial investment sought by GTC is $700,000 in Stock Sales and $500,000 by loan. This amount will cover operating costs until the company is profitable on a monthly basis. The anticipated timeframe for GTC achieving the goal of being profitable is in the 6 month of year 3. The growth of Tag n’ Grab‘s market is expected to rise rapidly thereafter, and a return is expected in year 4. GTC intends to continue operation into the foreseeable future, while continually expanding and revising its product line. Tag n’ Grab is a concept that can easily be adapted to fill other uses in the marketplace, and GTC will investigate opportunities in those areas.
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License
In Copyright(All Rights Reserved)