The affordability of this service has made this technology available to anybody with an asset they wish to protect, he said.

"It opens up to a consumer market that wasn't there before."

The device allows motorists to connect a vehicle alarm to the locator which will then provide an added security solution that will alert the owner by SMS if their alarm has been activated and will begin tracking immediately.

Additionally, through what is known as geofencing, owners can set geographical parameters for their assets to be kept within. This is especially useful in applications like boats that are in a marina or plant and machinery on site.