DARPA highlights SkyBitz as technology and business success story

STERLING, Va. , April 7 /PRNewswire-USNewswire/ -- SkyBitz, the leading remote asset tracking and information management service provider, today announced the release of a case study by the Defense Advanced Research Projects Agency (DARPA), documenting how SkyBitz successfully launched DARPA-funded technology into private, government and international markets.

The agency's case study emphasizes the security and efficiency that SkyBitz's real-time solution delivers to commercial, transport, military and public safety customers, including sensitive shipments such as arms, ammunition and explosives traveling across North America .

SkyBitz used DARPA funding to develop its patented Global Locating System (GLS) and a very efficient satellite communications protocol, which provide a more secure platform than traditional GPS and satellite communications solutions. The DARPA case study highlights SkyBitz's ability to track non-powered assets anywhere, anytime, for years on internal batteries.

SkyBitz has achieved the Department of Defense's HERO certification, allowing it to monitor munitions in real time. SkyBitz also provides tracking and monitoring solutions for school buses, high value goods, food and agricultural products and hazardous materials.

"SkyBitz continues to advance technologies and forge partnerships that increase safety, security and cost savings for a range of industries around the world," said Homaira Akbari , President and CEO of SkyBitz. "This case study exemplifies how DARPA helps businesses excel as both technology innovators and business success stories."

After completing DARPA Phase II in 1997, SkyBitz secured more than $58 million from investors for product development and market expansion. The company has expanded into verticals beyond its core in trucking to include rail, government, oil & gas and utility worldwide.

About SkyBitz

SkyBitz is the leading remote asset management solution provider, providing real-time information on the location and status of assets to customers in the fields of transportation, energy, and government. SkyBitz delivers a reliable, easy-to-use solution that provides in-transit visibility and assessment of assets anytime, anywhere. More than 600 enterprises rely on cost-effective SkyBitz technology to achieve total asset visibility, improve security, lower operating and capital expenses, and enhance customer service. SkyBitz is a privately held company backed by CIBC Capital Partners, Highstar Capital, Inverness Graham Investments, Motorola Ventures and ITV, a fund of Cordova Ventures. For additional information, visit www.SkyBitz.com.