An Estimote Beacon is a small, wireless device, sometimes also called a 'mote'. When placed in a physical space, it broadcasts tiny radio signals to smart devices. Think about it as a very small lighthouse. Smartphones that are in range are able to 'hear' these signals and estimate their location very precisely, as well as communicate with the beacon to exchange data and information.
It can be used in a retail store and good for in-store analytics, through proximity marketing, indoor navigation to contactless payments.
Simply stick the tiny sensors in any physical place, such as your retail store and your app users will benefit from personalized micro-location based notifications and actions when they walk in to your venue or interact with your products.
Estimote Beacons are using licensed Apple iBeacon technology and are compatible with iBeacon-enabled Apple products and applications.
(Ref.: http://estimote.com/)
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