Location Based Technologies, Inc., a leading designer and developer of patented, proprietary personal locator technologies and services, recently announced it has received a $3 million purchase order for LoadRack Tracker devices.
Location Based Technology’s solution provides state-of-the-art technology to assist shippers, carriers and truck brokers to effectively coordinate available trucks and loads, and optimize resources across the supply chain. Under the terms of the purchase agreement, Location Based Technologies will begin delivery of LoadRack Tracking devices in third quarter 2009 and other tracking devices will be ordered and shipped over the next 12 months.
Dave Morse, chief executive officer of Location Based Technologies, recently commented, “By partnering with LoadRack.com™, we have established a cornerstone distribution relationship within the massive trucking and freight monitoring industry, while allowing Location Based Technologies to stay focused on its core competency of locating people, pets and assets.” He continued, “This allows us to leverage a vast vertical market by applying our cutting edge PocketFinder Network™ with a hardware / software application to enhance freight logistics. This initial purchase order is the first step in a national sales campaign utilizing our innovative low cost, location based management system for the trucking industry.”