Consumer Sales Channels. In the US, our PocketFinder family of products can
be found at the following online locations: Amazon.com, Walmart.com, Bestbuy.com/Future
Shop (Canada), Crutchfield.com, our www.pocketfinder.com website and numerous
affiliate marketing websites. LBT has recently entered into an agreement with
a global distributor in the US that will significantly expand our retail footprint.
A new and innovative Auto Dealership Program is ready for market entry with
at least three dealerships piloting our vehicle tracking device and EUI.
Internationally, our devices are being sold and marketed in Mexico, United Kingdom
(“UK”), other European Union countries, Colombia and Ecuador. The
Company has recently entered an agreement with a leading distributor in Mexico.
In the UK, LBT has partnered with EE (the largest mobile-to-mobile telecommunications
company in the UK). Recent reports show Europe at the forefront of M2M (“Machine-to-Machine”)
or the adoption of “Internet-of-things” applications with revenues
from M2M services market wide expected to grow at a compounded annual rate of
33% through 2016 in a selection of European markets, including Germany, France,
Poland, Russia, Sweden and the UK. These are the findings of new research from
Frost & Sullivan, with the UK emerging as the biggest market and Germany
a close second. LBT is currently negotiating with an interested European distributor,
but has not yet signed an agreement.
Commercial Sales Channels. Our relationship with AT&T has the potential
to continue to grow over the coming year. Related to the utility market, we
signed an exclusive contract with the Department of Energy (the, “DOE”)
for a project that has allowed us to integrate an Oak Ridge National Laboratory
technology that provides real-time status of the electric grid and critical
energy sectors along with real-time severe weather condition tracking. The system,
called VERDE (Visualizing Energy Resources Dynamically on the Earth), enables
decision-makers to respond swiftly to major power disruptions and other utility
interruptions. VERDE, which combines the display capabilities of Google Earth
with analysis and modeling components, significantly enhances situational awareness
and speeds recovery times from power outages. We have completed integration
of the system and will soon begin sales of the feature to public utilities (power,
water and telecom) through a reseller partner in Tennessee. The Company will
evaluate expansion of this new capability for “fit” to specific
commercial and other first responder agencies throughout the United States.
LBT expects to jointly initiate first-phase launch of commercial business in
Australia with Pacific-Asia partner, Finda, through the Australian Warranty
Network service provider. Finda is gaining acceptance of LBT devices in multiple
applications for both Consumer and Commercial customers in Australia and New
Zealand.
We provide wireless location based solutions for global positioning products
along with our proprietary “friendly user interface” software system.
We deliver rugged, compact products with near real time location-based information
over its proprietary server architecture. Our products optimize the way businesses
utilize mobile assets, save money and connect with key personnel; similarly,
families utilizing our products in our ever increasingly mobile society are
now able to easily stay connected with one another while on the go and from
wherever they are.
