PrecyseTech

PrecyseTech is a leading pioneer of wireless Remote Entity Awareness and Control (REAC) systems for remotely managing high-value physical assets and personnel. PrecyseTech’s solutions empower enterprises to maintain knowledge of and automatically react to the physical, environmental, and technical status of their critical physical assets, including people, vehicles, equipment, instruments, and inventory in real-time, improving visibility and decision-making among operations, safety (SSHE, HES, etc.), IT and management. The PrecyseTech Solution, using patented technologies incorporating assisted GPS (A-GPS) and active radio frequency identification (Active RFID) communications into a single “Smart Agent,” provides real-time REAC capabilities for Fortune 500 organizations. PrecyseTech serves the following industries – oil and gas, mining, chemical, energy, terminal operations at airports and shipyards, and yard management at vehicle distribution facilities. The Assets Net (TAN) Expands Capabilities and Global Presence with Remote Entity Awareness and Control (REAC) systems Following the Full Asset Purchase of PrecyseTech. The Assets Net (TAN), a leading Industrial IoT (IIoT) technology company, plans to expand its global customer footprint along with products and services in new industries, considering an increase in demand for real-time location-based services globally. This follows the acquisition of all PrecyseTech assets, including products, customer contracts, copyrights, registrations, Intellectual Property (IP), and technology through an asset purchase agreement. PrecyseTech, a pioneer in wireless Remote Entity Awareness and Control (REAC) systems for managing high-value physical assets and personnel, developed a patented solution and product family which TAN now owns. The purchase of PrecyseTech assets by TAN was closed on July 26, 2020. TAN is a part of the Radiant Digital family of companies through beneficial ownership and affiliation.