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Location Based Technologies (LBAS) Inks Deal with Telcel and America Movil (AMX) to Target Mexico, Latin American Markets

|Includes: Location Based Technologies, Inc. (LBAS)

Location Based Technologies Inc., a service provider of personal GPS locators and devices, has entered a commercial agreement with Telcel and Radiomovil Dipsa S.A. de C.V to market its PocketFinder® line of location devices throughout Mexico and Latin America.

The company said the PocketFinder is the smallest-of-its kind GSM/GPS technology device, easily fitting into a pocket. It can be accessed by smartphones or any other device with Internet access, showing the devices location in real time. It is also equipped with advanced GPS features that allow users to create customizable alert areas such as electronic “fences” or zones, vehicle speeds, location times, and fleet management information.

The PocketFinder family of products will be integrated into Tecel’s M2M network, and Location Based Technologies will sell the devices directly to Telcel, Radiomovil Dipsa (America Movil).

“By partnering with Telcel and America Movil, their 231 million wireless customers in Mexico and Latin America will soon enjoy the benefits of the PocketFinder products and services,” Dave Morse, CEO of Location Based Technologies stated in the press release. “We were selected by Telcel and America Movil because they are committed to bringing the best wireless M2M products and GPS services to their customers and believe that LBT delivers breakthrough products that will change the way businesses and families use wireless data devices. We’re thrilled to make our products available to Telcel and America Movil customers in Mexico and many Latin American countries.”

Prior to the partnership, Telcel conducted months of testing of the PocketFinder devices, as well as Network Certification throughout each of Telcel’s Mexico-based territories. The wireless carriers will market the products to their commercial and consumer customer base, and Location Based Technologies said it expects the first purchase orders to arrive shortly.

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