TCS Purchases Loctronix Location-Based Technology and Intellectual Property
TeleCommunication Systems (TCS), a global leader in the location based services (LBS) industry, has purchased location-based technology and intellectual property from Loctronix. TCS is integrating the newly acquired assets from Loctronix with its current location solution portfolio. Combined, these LBS solutions enable TCS to further develop indoor location technology applications ranging from advertising and marketing to navigation and public safety.
TCS, headquartered in Annapolis, Maryland, is a world leader in secure and highly reliable wireless communications. The company’s patented solutions, global presence, operational support and engineering talent enable 9-1-1, commercial location-based services and deployable wireless infrastructure; cybersecurity; defense and aerospace components; and applications for mobile location-based services and messaging.
According to TCS Senior Vice President and Commercial Software Group President, Jay Whitehurst: “Purchasing LBS technology and intellectual property from Loctronix not only adds to our already vast set of intellectual property rights for LBS, more importantly it underpins our continued commitment to further building out our advanced location product portfolio. In addition to expanding the breadth of our current location product offering, the Loctronix assets will provide clear differentiators in device location, and increase our market and revenue opportunities – both for commercial and public safety applications.”
TCS plans to roll out new solutions leveraging the Loctronix assets by year’s end.
Learn more at http://www.telecomsys.com/products/location-based-services/default.aspx.
