The National Equipment Register (NER) estimates the value of construction and contracting equipment stolen each year to between $300 million and $1 billion. Moreover, recent data from 2016 estimates only about 21% of all stolen equipment is ever recovered. Current tracking and monitoring solutions are costly and generally applicable to only heavy machinery. Solutions using GPS hardware are bulky, easily identified, and susceptible to tampering by potential thieves. Additionally, the lack of adequately sized tracking solutions leaves smaller sized farming and construction equipment extremely vulnerable to theft with a near 0% chance of recovery.

Learn how GeoTraq’s Mobile IoT modules are a reliable solution for local or national construction equipment tracking. The module is discrete and small—roughly the size of a penny—which can be easily hidden on large pieces of rental machinery and concealed within handheld equipment alike.