$LBAS Could Locate More Profits in the RFID Market!
September 1st, 2009 at 2:28 pm Posted by The Dean
$LBAS closed at $0.91 up 5.81% today after an announcement this morning that the company has started achieving sales for their fleet tracking device.
Location Based Technologies, Inc. (OTC: LBAS) is a leading-edge service provider of personal, pet and commercial location devices. The Dean is excited to learn of another appealing product to be added to $LBAS‘ PocketFinder and PetFinder products.
$LBAS‘ latest addition is the VehicleFleetTracker which delivers an easy-to-use interface with leading technologies specifically designed for the fleet tracking market.
$LBAS‘ VehicleFleetTracker provides real time location of the device and can also provide speed and direction, customizable zones, route history and organizational features.
The Dean’s also excited to see $LBAS break ground in this industry because it shows how marketable their asset-tracking technology can be in today’s multi-billion dollar location device market.
Just like $LBAS‘ PocketFinder line of products, the VehicleFleetTracker can be accessed through the user interface provided online to easily allow freight customers to enjoy the value of $LBAS‘ lower-cost product.
The Dean believes this sale to Ben’s Asphalt, Inc. could start a chain reaction for $LBAS to acquire more contracts for their asset tracking technology.
IDTechEx has reported that the RFID market will reach half a trillion units by 2016 which would mean that the market could skyrocket to approximately $26 billion. If this projection is true companies like $LBAS could see EXPONENTIAL growth in a market expected to grow a 45,000% in ten years.
The Dean likes those numbers and, frankly, who wouldn’t?
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LBAS is looking good Dean. When’s that show?
looks like at least one other newsletter is coming out on lbas
Pocket finder’s popularity is booster for the $LBAS’s performance and there is competition for Pocket Finder. Pocket Finder is an edge above than other GPS devices. Thanks to its advance technology adapted by $LBAS.
Since $LBAS has introduced VehicleFleetTracker it is gaining in the market dues to its easy to use interface.
The reson behind above of $1 is demand in the logistic industry. One can easily understand from the last years’s results which shows clear indication of growth in continues demand as well as in production.
I started to get good returns on $LBAS after keeping eye on $LBAS since so long but recent news about smartphone importance encouraged me to invest more into $LBAS.