It’s only November 22nd, yet the CES 2011 innovations awards have already been handed out to a number of folks that will be exhibiting next year in Vegas. Ty happens to be one such recipient of the CES 2011 Innovations Award. So what is it exactly? Well so far the details are still all over the place but from the few scraps we gathered, it seems like it will remind you where items are and prevent them from getting lost. It will also have an App what will work with your smartphones, and basically serve as the brains of the device. The Ty can go on a keyring, on a safety pin, in your wallet, on a money clip, or even on a necklace. You’ll be able to keep track of your items as well as loved ones. Could this be a more stylish and innovative version of a GPS tracker? I guess we shall soon find out, in the meantime you can follow them on Facebook to get the latest updates.