Wednesday, UTEK Corp. (UTK, UTK.L) said it assisted Artilium Plc (ARTA.L) with its recently announced acquisition of Trisent Communications Ltd.
UTEK said that the acquisition has provided Artilium with Trisent's technology, which enables mobile network operators to deliver services to subscribing customers based on the geographic location of their mobile phones.
UTEK also said that Trisent's Tri-Cell Intelligent Location System, offers real-time tracking service like GPS, but does not use satellites or require equipment to be installed on the network. The technology works by using standard phone handsets and offers several advantages over GPS, including significant cost savings, lower battery requirements, increased indoor coverage.
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