Location Based Technologies Commences PocketFinder Pilot Production at Jabil's Le Mans Facility; Beta Units Now In-House Tested and Verified
ANAHEIM, Calif., Jun 25, 2008 (BUSINESS WIRE) --
Location Based Technologies (OTCBB:LBAS), a leading-edge family
service provider of personal locator devices and services, today
announced it has commenced pilot production of its PocketFinder(R)
family of location devices at the Le Mans, France facility of Jabil
Circuit, Inc. (NYSE:JBL), its global manufacturing partner.
At the same time, the company has completed in-house testing and
verification of beta test units for GSM, GPRS and GPS connectivity on
both U.S. and European GSM wireless networks, and finalized and
certified deployment of its own permanent SMS gateway through its
partnership with KORE Telematics that will eliminate any dependency on
third-party networks and enhance the reliability and speed of
PocketFinder communications.
"The company is ready to start pilot production of the smallest
known single-board GSM/GPS device in the world," said David Morse,
co-president and CEO of Location Based Technologies, Inc. "We
originally selected Jabil because they are one of the few solutions
providers able to simultaneously deliver world-class quality product
and meet global mass volume demand. Accordingly, we anticipate
PocketFinder mass production will commence in the third quarter."
As a leading provider of machine-to-machine (M2M) communications,
KORE Telematics will provide comprehensive GSM network coverage for
PocketFinder devices throughout the United States and Canada, with
roaming agreements on the networks of 400 wireless providers in more
than 220 countries.
The PocketFinder family of products uses advanced technology to
help families stay connected. The small devices easily fit into a
pocket, purse or backpack, and can be accessed via the Internet, cell
phone or landline to show its exact location in real time. In
addition, the devices include several advanced features, such as
allowing users to designate customizable alert areas as electronic
"fences" to notify them when a family member or pet leaves or enters a
specified area. The devices can even track vehicle speeds to ensure
family members are driving safely.
About Location Based Technologies
A publicly traded company (OTCBB:LBAS), Location Based
Technologies designs and develops leading-edge personal locator
devices and services that incorporate patented, proprietary
technologies designed to enhance and enrich the lives of families
globally. The company is headquartered in Anaheim, Calif. For more
information, visit http://www.pocketfinder.com.
This news release contains forward-looking statements that involve
risks and uncertainties. Actual results and outcomes may differ
materially from those discussed or anticipated. For a more detailed
discussion of these and associated risks, see the company's most
recent document filed with the Securities and Exchange Commission.
SOURCE: Location Based Technologies, Inc.
Location Based Technologies
David Morse, 800-615-0869
dave@pocketfinder.com
or
Daly-Swartz PR for Location Based Technologies
Jeffrey Swartz, 949-470-0075
jeffreyswartz@dsprel.com
or
Northstar Investments
Investor Relations
Glenn Busch, CFP, 714-310-8641
glenn@pocketfinder.com