Company Research Report: RECON Dynamics

Company Overview

• Name: RECON Dynamics

• Mission: To provide advanced best-in-class IoT solutions for wireless asset location, management, and telemetry for a broad spectrum of industries.

• Founded: December 2009

• Founding Entity: Purchased by Tricon Sales, LLC in August 2016; Eagle River Partners is one of the founding investors.

• Key People:

• Mark Thomas, Chief Executive Officer

• Scott Bevan, Chief Technology Officer

• Deric Eldredge, Director of Hardware Engineering

• Headquarters: Offices in Seattle, Salt Lake City, St. Louis, New York, New Jersey, & New Hampshire

• Revenue: No information available

• Number of Employees: No information available

• Known For: Providing advanced IoT solutions for wireless asset location and management.

Products

Operational Intelligence Platform

• Description: An all-in-one platform that includes hardware for worksites and assets and analytic tools to make information actionable.

• Key Features:

• Integrates sensors and receivers for real-time data collection.

• Centralizes information for easy decision making.

• Compatibility across various brands, models, or sizes.

Smart Tags

• Description: Small, long-range, and rugged sensors used for tracking equipment.

• Key Features:

• Compact size, equivalent to an Andes chocolate mint.

• Communicates data regardless of storage conditions.

• Battery life of 7-10 years.

ProxBox

• Description: A receiver that collects data from Smart Tags to send to the cloud.

• Key Features:

• Can be installed on vehicles or worksites.

• Options for solar and satellite connectivity in remote areas.

Aerial Lift Training System

• Description: A patented, non-disciplinary safety system for aerial lifts.

• Key Features:

• Real-time operator alerts.

• Non-invasive and operates on all lifts.

Tool and Equipment Tracking

• Description: A platform ensuring efficient tracking of tools and equipment.

• Key Features:

• Automatic data capture without scanners or barcodes.

• Compatible with indoor and outdoor environments.

Recent Developments

• New Products/Features: No specific product launch information is available.

• New Partnerships:

• Recon Powerline partnered with Globalstar for the wildfire prediction platform.

• Partnership with Potelco to enhance safety protocols in utility operations.

• Recent Awards and Recognition:

• Featured in the BuiltWorlds Top 50 Equipment Management List, 2021.

• Named as a Top 10 Innovator, 2020.

Summary

RECON Dynamics is positioned as a leader in the IoT industry, focusing on innovative solutions for asset tracking and industrial intelligence. Their comprehensive platform is designed to integrate seamlessly into various industries, providing real-time insights that enhance productivity and safety. The company's strategic partnerships and industry recognition further solidify its role as a driving force in technological advancement in asset management. However, specific financial data such as revenue and employee count remain undisclosed.