- Business
- Location Based Technologies, Inc. (LBAS) designs, develops, and sells wearable global positioning system (GPS) tracking solutions for commercial and consumer applications based on worldwide GSM networks; its consumer products under the PocketFinder brand include PocketFinder Personal/Pet and luggage trackers for locating mobile assets, persons, pets, or valuables with features such as location display, longitude, latitude, altitude, heading, speed, 60 days of history, and alerts for speed, battery, or geo-zone breaches, alongside the hardwired PocketFinder Vehicle tracker; commercial offerings under the LBT brand comprise the LBT-886 personal/asset tracker and LBT Vehicle Tracker with temperature, light, humidity monitoring, engine on/off status, starter interrupt, and lone worker alerts. The company, founded in 2006 and headquartered in Irvine, California, markets its devices to small and midsize businesses, enterprises, and governmental organizations for tracking vehicles, equipment, assets, and workers via online retailers and pocketfinder.com, while emphasizing proprietary IoT technology for near real-time visibility, cost reduction, and safety enhancements across the United States. Recent operational focus centers on expanding its vehicle GPS tracking business for both consumer and commercial segments, with no major acquisitions, partnerships, or funding rounds reported in the last 1-2 years amid ongoing stock volatility on OTC Markets.