Location Based Technologies, Inc. (LBAS.OB) Announces First Purchase Order Totaling $3 Million for LoadRack Tracker devices
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…