Loctio P.C. became a Member of the Hellenic Emerging Technologies Industry Association (HETIA), thus joining forces with top high-tech companies from this region to help the Digital Technologies (digital twin, microelectronics, embedded, IoT) industry of Southeastern Europe progress and become a dynamic & credible partner in the global market.
Loctio is a VC-backed deep tech firm offering location estimation services in a Location as a Service (LaaS) model for IoT devices.
The company’s solution has the ability to provide integral (chip/module enabled) precise position estimation services to numerous applications while offering unprecedented power efficiency and phenomenal accuracy.
Loctio was founded in 2019 and is headquartered in Egaleo-Greece while it has R&D presence also in Patras-Greece and Barcelona-Spain.
Company’s LaaS (Cancri framework) has been designed to addresses the global GNSS equipment & augmentation services market which is projected to reach approx. $175 Bn by 2029.
Loctio foresees a universe of numerous interconnected devices each of them gifted with the charisma to accurately know or provide the means for determining its precise position. For a continuous consistent seamless location detection experience in both indoor and outdoor environments even amid harsh conditions a single technology is not enough thus multiple approaches shall be chained together. For reckoning timely and securely the position with acceptable precision, confidence, and integrity apart from GNSS, localization methods, and data from other terrestrial sources like but not limited to 5G and IMUs shall be baked in accompanied by advanced Machine Learning, Crowdsourcing-Fingerprinting or Collective Perception. Loctio is willing to render all this sophisticated IP processing throughout its Cloud and Edge LaaS offering.
HETiA is Greece’s alliance of highly innovative industrial and academic performers, promoting digital technology proliferation and entrepreneurship in emerging technology domains. HETiA brings together more than 50 corporate and more than 30 academic entities involved in fast-growth areas encompassing semiconductors, connected devices, cognitive technologies and the IoT.
HETiA is the evolution of the Hellenic Semiconductor Industry Association that was launched in 2005.