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Location Based Technologies Announces Retail PocketFinder Manufacturing Run at Jabil Facility

^{Published on 2011-07-27 02:40:48 - Market Wire}
 

IRVINE, Calif.--([ BUSINESS WIRE ])--Location Based Technologies, Inc. (OTCBB:LBAS), a leading-edge service provider of personal, pet and asset GPS locators and devices, today announced that its first volume production PocketFinder® devices will be manufactured at the San Jose, CA, facility of Jabil Circuit, Inc. (NYSE:JBL).

"We are looking forward to bringing global quality manufacturing and design expertise to PocketFinder's family of products, which aligns with Jabila™s goal of focusing on growing our diversified manufacturing services business"

aThis is the beginning of a very exciting time for the growth of the company and for our customers,a said Dave Morse, CEO of Location Based Technologies. aWithin the next few months we will deliver top quality, market ready devices to our retail launch partners as well as to Tier 1 telecom carriers that have expressed distribution interest in our versatile GPS location devices.a

"We are looking forward to bringing global quality manufacturing and design expertise to PocketFinder's family of products, which aligns with Jabila™s goal of focusing on growing our diversified manufacturing services business," said Les Pawlak,Senior Director of Sales, Jabil.

PocketFinder products, combined with the companya™s soon to be enhanced applications for GPS Smartphones, are an example of how technology can enable businesses and families to optimize their busy, highly mobile lives and enhance their ability to stay connected. This new capability, made possible by combining the benefits of wireless and internet technologies, will allow people to connect to other people and to things that they value from anywhere and at anytime.

The PocketFinder family of products uses advanced technology to help businesses and families stay connected. The PocketFinder® is the smallest known single-board GSM/GPS device, and it easily fits into a pocket, purse or backpack, and can be accessed via smart phones or any other device that provides Internet access to show its location in real time. Its service includes advanced GPS features that allow users to designate customizable alert areas such as electronic afencesa or zones, vehicle speeds, location times, and fleet management information.

About Jabil Circuits, Inc.

Jabil is an electronics solutions company providing comprehensive electronics design, production and product management services to global electronics and technology companies. Jabil helps bring electronics products to the market faster and more cost effectively by providing complete electronic product supply chain management around the world. With more than 85,000 employees and facilities in 21 countries, Jabil provides comprehensive, individualized, focused solutions to customers in a broad range of industries. Jabil common stock is traded on the New York Stock Exchange under the symbol, aJBLa. Further information is available on the companya™s website at [ http://www.jabil.com ].

About Location Based Technologies, Inc.

A publicly traded company (OTCBB:LBAS - News), Location Based Technologies, headquartered in Irvine, CA, designs and develops leading-edge personal GPS locator devices and services that incorporate patented, proprietary technologies designed to enhance and enrich the way businesses and families interact globally. Visit the website for more information on personal and other devices from PocketFinder® at [ www.pocketfinder.com ].

This news release contains forward-looking statements that involve risks and uncertainties. Actual results and outcomes may differ materially from those discussed or anticipated. For a more detailed discussion of these and associated risks, see the company's most recent document filed with the Securities and Exchange Commission.