Medical Asset Tracking Devices Test

Location Based Technologies Receives Order for Medical Asset Tracking Devices

IRVINE, Calif.–(BUSINESS WIRE)–Location Based Technologies, Inc. (OTCBB:LBAS – News), a leading-edge developer of personal GPS locators for people, pets vehicles and other assets, today announced that they have received an order from Stephen Gould Corporation for specialized medical equipment and medical asset GPS tracking devices that will be utilized by a Southern California medical company.

“This is another ‘first’ for Location Based Technologies, an added revenue stream, and another application or use of our products. This medical company will now have direct access to our unique user interface along with the ability to easily track the location of valuable medical equipment from origin to destination,” explains Dave Morse, CEO. “It has, and will continue to be, a strong month for our company as sales for our GPS vehicle tracking devices gains traction and, as promised, our first LoadRack Tracker units were shipped during the first week of March.”

Not only has Location Based Technologies responded to this critical, highly-specialized need, but in doing so the company will benefit from a new revenue stream to supplement its growing list of products and applications. This is just one more example of how the company’s leading edge GPS tracking technology translates across a spectrum of vertical markets and can do extremely well in medical devices and medical asset tracking.

In addition, hardware development of the PocketFinder® and PetFinder® is complete and final software adjustments for new device capabilities are now being made. The company anticipates that medical asset GPS tracking devices will be in the testing laboratory for global certification by the end of March. Once certifications are finalized devices will be delivered to key distributors for evaluation and ordering purposes. This is a great breakthrough in medical device management.

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