LBT Continues Pilot Production
Location Based Technologies Commences PocketFinder® Pilot Production At Jabil’s Meung sur Loire Facility; Beta Units Now In-House Tested and Verified
ANAHEIM, Calif., June 25, 2008 –Location Based Technologies (OTCBB:LBAS), today announced it has commenced pilot production of its PocketFinder® family of GPS location devices at the Meung sur Loire, 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 GPS location device 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 GPS locator devices throughout the United States and Canada, with roaming agreements on the networks of 400 wireless providers in more than 220 countries.
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