Attach the CobraTag fob to your keyring, computer bag, purse/gear bag, load up the application to your BlackBerry or Android smartphone, and this security system from Cobra will protect your gear from loss. The application continually monitors the distance between your phone and the protected device; an alarm sounds if they get separated. The application will also note the GPS location and the time/date when separation occurred and send a text or email to a pre-defined contacts list or notify a Facebook or Twitter account. It also acts as a two-way finder; press a button on one and the other sounds an alarm. The CobraTag will ship in July, 2011 and will cost $59.99.