Location Based Technologies (OTCBB: LBAS) should be in the middle of mass production runs of its PocketFinder by the end of the year, the company announced. Initial pilot production has started at Jabil Circuit, a manufacturing plant in Meung-Sur-Loire, France. PocketFinder – and PetFinder – are tiny location and homing devices. They can be accessed via the Internet, cell phone or a landline and can be enhanced to track personal luggage, vehicle speeds – to those with access – and include “zones” to notify a user when someone (or something, like a pet or a vehicle) leaves or enters a specified area.
The company was recently approved for GSM wireless networks in Europe, which propelled early sales. LBAS officials say the company is testing greater application on other wireless services and devices. Additional pilot run devices will be used for further pre-sale testing and evaluation.
Due to continuing technical innovation, LBAS, of Anaheim, Calif., is poised to tackle the U.S. market. LBAS CEO and Co-president David Morse said a certain certification (PTCRB) has been hard to obtain due to the PocketFinder’s small size.
“By partnering with a leading antenna company that incorporates a revolutionary technology based on magnetic fields rather than ground planes,” Morse said, “we have been able to break through the barrier and can now proceed to the final steps of certification.
“We will continue to enhance the functioning capability of our products on an ongoing basis and have built in the ability to continuously upgrade the device through either an internet connection or via “over-the-air” updating capability.”
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