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I don't know what exactly the tag portion means but the PVTS is sold as an option in some countries or is included in the car in some others. It is similar to a lo-jack system sold here in the states, just that it is sold by Porsche and integrated at the factory in the car.
That symbol means that your tracker is activated but the dongle is not in your wallet/pocket. I suggest you double check with the dealer re VTS activation. Or carry the dongle!!
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