GPS-enabled technologies provide a host of benefits to both
businesses and consumers. According to a study by Motorola (NYSE: MSI),
businesses that implement GPS fleet tracking technologies report yearly fuel
savings of more than $51,500. As a result, market demand for innovative GPS
tracking devices has been on the rise in recent years. Location Based
Technologies, Inc. (OTC PINK: LBAS) is addressing this demand by designing and
manufacturing tracking devices to better manage people, vehicles and assets.
The company’s product line includes an innovative selection of personnel
tracking, vehicle tracking and asset tracking solutions.
LBAS currently markets its products under the PocketFinder
and LBT brands. Through PocketFinder, the company markets a selection of
consumer products specially designed to track and locate mobile assets, people,
pets or other valuable items. Through LBT, LBAS markets tracking products
targeted at commercial applications. The LBT Vehicle Tracker, for example,
combines reliable tracking features with a host of additional capabilities –
including temperature measurement, light and humidity monitoring, engine
monitoring and starter interrupt engine capabilities – designed to improve the
safety and cost-effectiveness of fleet operations.
In 2014, LBAS achieved several key milestones that
demonstrated the viability of its business model. In addition to recording
positive overall gross margins for the first time in its history, the company’s
monthly service income exceeded $100,000 per month beginning in July 2014. This
financial growth was a result of an increase in total paid monthly users, which
exceeded 72,000 last year.
Throughout 2015, LBAS has turned its attention toward
cutting costs and expanding its distribution capabilities. The company
previously partnered with a world-class distributor and expanded relationships
with key strategic retail outlets in Mexico in pursuit of this goal.
Additionally, LBAS outlined a major initiative focused on partnering with auto
dealerships in the U.S. that’s expected to provide a boost to financial
results.
In its most recent quarterly report, LBAS identified the
introduction of a new 3G wearable device and a more complete solution for the
pet markets as key initiatives moving forward. As the company continues to
focus on research and development efforts, rising demand for location-based
products should support an opportunity for financial growth in the future.
For more information, visit www.pocketfinder.com or
www.locationbasedtech.com
About QualityStocks
QualityStocks
is committed to connecting subscribers with companies that have huge potential
to succeed in the short and long-term future. We offer several ways for
investors to find, evaluate, and learn more about investing in these companies.
Sign up for “The QualityStocks Daily Newsletter” at www.QualityStocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks Daily Videos http://videocharts.qualitystocks.net
The Quality Stocks “Ones to Watch” http://gotstocks.qualitystocks.net
Please see disclaimer on the QualityStocks website: http://disclaimer.qualitystocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks Daily Videos http://videocharts.qualitystocks.net
The Quality Stocks “Ones to Watch” http://gotstocks.qualitystocks.net
Please see disclaimer on the QualityStocks website: http://disclaimer.qualitystocks.net
No comments:
Post a Comment