WMX Group, Inc. WEX On The Frankfurt Stock Exchange Acquires All Of Paragon GPS, Inc. Proprietary Patented Technology

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WMX Group, Inc has acquired all of Paragon GPS Inc., assets in a deal valued at over €1.5 Million Euros

WMX Group, Inc. WEX on the Frankfurt Stock Exchange

Thomas Guerriero the Chairman & CEO of WMX Group, Inc. (WEX Frankfurt Stock Exchange) has confirmed that WMX has officially entered into an agreement to acquire all the intellectual property of Paragon GPS, Inc.. Thomas Anthony Guerriero said, “This shows how The Harvard Think Tank our venture capital arm continually finds opportunities of this magnitude. Paragon GPS’s patented technology is cutting edge and will be a great addition to our portfolio of intellectual property.”

Paragon GPS has developed a best-of-breed, private-label location based service platform. The platform is designed from the ground up for extreme scalability of our LBS services. The technology conceives, builds, implements and deploys location based services that compiles data from a host of resources and streamlines it to work with personal tracking devices.

Paragon GPS patented technology offers a comprehensive middleware platform for wireless location based services. The Platform performs the data collection and analysis of location and telematic information from personal tracking devices and presents this information to the user in the form of maps and reports through a web-interface. This technology has an Enhanced Cell ID technology that tracks the current position, as a personal tracking device, even when the person, pet, or entity is moving. To locate the device, the device transmits the roaming signal to contact the nearby antenna tower, but the process does not require an active call. GSM localization is then done by multilateration based on the signal strength to nearby antenna masts.

Personal Tracking, which includes location based service that discloses the actual coordinates of the tracking device, is a technology used by telecommunication companies to approximate where a mobile phone, and thereby also its user (bearer), temporarily resides. The more properly applied term locating refers to the purpose rather than a positioning process. Such service is offered as an option of the class of location-based services (LBS).

The new GSM/GPRS product line includes the KidTracker Pro, PeopleTracker Pro, CarTracker Pro, KeyTracker Pro and PetTracker Pro which utilize cellular tower triangulation to conveniently and accurately track the location of any asset, person, pet or mobile object.


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