Philip Falcone's Harbinger Capital on Friday sued agricultural equipment maker Deere & Co and Global Positioning System companies and groups for damages of $1.9 billion as it looks to recoup its investment in bankrupt wireless company LightSquared.
M2M MVNO RACO Wireless has completed the acquisition of location-based services specialist Position Logic in a move aimed at improving its managed services offer to M2M customers.
Position Logic’s (Naples, FL, USA) technology allows enterprises to track and manage their assets through a web-based platform and the company claims it can integrate virtually any signaling device into its software to provide real-time monitoring across the globe.
Nokia Siemens Networks has signed a memorandum of understanding with CDNetworks, a provider of web services, that will see the two companies collaborate on the development of a new content delivery service for mobile broadband operators.
The two companies are to work on improving an existing service from Nokia Siemens Networks (Helsinki, Finland) called Liquid Applications, which allows operators to tailor content and applications depending on a customer’s service preferences and usage profile.
Telenor Connexion has announced a partnership with the maker of what it calls “the world’s smallest and smartest GPS tracker”.
Wonder Technology Solutions (WTS), a Swedish start-up, has developed a smart device called the Trax designed specifically, it seems, for parents and pet owners.
Given its size and weight, the Trax can easily be attached to a child’s clothing so that concerned parents can monitor the whereabouts of loved ones at all times.
Pet owners could similarly fit the device to the collar of a dog or cat.
Satellite operator Orbcomm has launched a new M2M asset tracking and monitoring device that is the first “self-powered” terminal it has developed.
The company says the device – the GT 1100 – is aimed at a variety of global markets, including the transportation and logistics, heavy equipment and oil and gas sectors.
A so-called “ruggedized” device, the GT 1100 has been designed to fit between indented spacing on intermodal containers and is also suited to tracking and monitoring trailers and other types of cargo assets.
The number of container tracking systems in use worldwide is set to reach one million by 2017, growing at a compound annual rate of 49.1% over the next few years, according to new research from Berg Insight.
The market-research company reckons the number of units deployed on intermodal shipping containers grew by 54% in 2012 to reach 137,000 in the final quarter of the year.
The forecast implies that 4.1% of containers will be using remote tracking systems in 2017, compared with just 0.7% today.
Alibaba Group, China's largest e-commerce firm, will take a 28 percent stake in digital mapping company AutoNavi Holdings Ltd, part of Alibaba's move to boost its competitiveness by beefing up its product lineup.
Unlisted Alibaba (Hangzhou, China) will invest $294 million to become the largest shareholder in the Chinese-based firm, according to a statement from AutoNavi (Beijing, China) on Friday which confirmed an earlier report from news portal Sina (Shanghai, China).
Location-based services company flaik is expanding its GPS-based locator system to international markets using the machine-to-machine (M2M) platform from Orange Business Services.
On Monday at CTIA Wireless in New Orleans, Sprint announced it is expanding its portfolio of products from Omnilink, a provider of location-based services (LBS) and platforms. Omnilink’s asset tracking service operates on the Sprint wireless networks and offers an out-of-the box tool for tracking assets at risk for theft or damage, such as: bank bags, automated teller machines (ATMs), computers and data storage devices, vehicles, consumer
Numerex Corp, a provider of machine-to-machine (M2M) products and services, last week unveiled its new Location-Based Services (LBS) platform, which provides enterprises with services for monitoring, tracking and recovering a variety of mobile assets.
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