BlackBox GPS Relocates to Boca Raton

Boca Raton, FL - June 5, 2009 - BlackBox GPS, the leading provider of GPS monitoring and locating solutions for rent-to-own, appliance, and furniture businesses announced today that it has relocated to the Technology Business Incubator at the Florida Atlantic Research & Development Park adjacent to the university’s Boca Raton campus. The site is the only university- related research & development park in South Florida and houses 28 high tech, high wage companies in addition to the Technology Business Incubator which is managed by the Enterprise Development Corp. of South Florida. 

"Relocating our corporate headquarters to the FAU Research and Development Park will provide us with important partnership opportunities between our team and faculty and students at the university,” stated Steven Muntean, President, BlackBox GPS. “Our plan includes engaging with FAU faculty for joint research programs, and hiring students as interns and employees in the coming months. We expect to employ over 25 associates by 2010 and hope to graduate from the incubator and stay within the park as our company grows."

"As an innovative leader focused on delivering asset tracking solutions to monitor and locate assets 24/7 worldwide, BlackBox GPS is an ideal company for EDC’s business incubation program,” stated Jane Teague, EDC Executive Director. “We will be working with Steve and his team to support his business strategy and development efforts, and look forward to the company’s rapid growth and success."

Since 2003 BlackBox GPS has been delivering versatile asset monitoring solutions, providing the ability to locate and monitor vehicles, assets, or loved ones 24 hours a day, 7 days a week. From fleet monitoring to personal location services, BlackBox GPS provides tracking solutions for virtually anything on the move. This powerful tracking application helps cut fuel costs, minimize expenses, and improve productivity while still monitoring and managing a company’s most valuable assets. The secure yet user friendly application allows continuous communication and detailed reports so easy to understand that anyone from the CEO to Secretary has the tools to make informed business decisions.

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About BlackBox GPS

BlackBox GPS is a privately-held corporation headquartered in Ft. Lauderdale, FL whose core focus is to provide versatile GPS asset-tracking solutions to satisfy our customer's needs ensuring a strong ROI. BlackBox GPS is an innovative leader focused on delivering asset tracking solutions to monitor and locate your assets 24/7 worldwide. We are dedicated to delivering real-time and passive asset tracking/fleet management solutions ensuring maximum protection with an impressive return on investment. Our secure yet user friendly application allows for continuous communication for easy to understand detailed location reports. Our proprietary GPS tracking technology was also developed with Web Services in mind for seamless Machine to Machine integration and communication. The Company is lead by an executive team of bright minded innovators with proven success in mobile technology, sales and marketing, business development, and operations. With a management team boasting over 25 years in executive experience we have built the team to achieve the dream. The BlackBox GPS Team is committed to providing a secure community protecting what matters most, your assets.

About the FAU R&D Park

The Florida Atlantic Research Park offers high tech industries the potential for Research and Development, (R&D), and partnerships with Florida Atlantic University. As the only university related Research Park in South Florida, we are home to 28 high tech, high wage companies and operate the only Technology Incubator in the Southern part of the state. We support an Angel and Venture Network from the Incubator. The Incubator is also the home to the most successful regional economic development engine- Enterprise Development Corp (EDC) of South Florida. Florida Atlantic University (FAU) formed the Florida Atlantic Research and Development Authority in 1985 with the support of the Broward and Palm Beach county commissions. The R&D Authority is responsible for establishing Research Parks.

About EDC

Founded in 1994 as a non profit, public/private partnership, EDC is a clearinghouse for South Florida science and technology entrepreneurs, providing assistance through its mentoring program in areas such as new product development and commercialization, business strategy development and execution, technology transfer, strategic alliances, and preparing for fundraising. EDC also manages the Technology Business Incubator located in the Florida Atlantic University (FAU) Research & Development Park in Boca Raton, and produces two major conferences each year in support of South Florida’s emerging science and technology sector. EDC was recently selected to launch the newly-funded Florida Institute for Commercialization of Public Research, which also will be located within the FAU R&D Park EDC participates with local business leaders, investors, colleges and universities, government entities, and other public and private groups that share a commitment to the region’s economic vitality. EDC’s overall economic impact in the region is in excess of $300 million.