LabX is an online auction and classified ad marketplace for the scientific world. It is targeted to a very niche audience of scientists and engineers who purchase hi-tech equipment daily.
www.labx.com
Originally started in 1995 by founder Bob Kafato in Winnipeg, Manitoba, Canada, LabX was developed for the analytical systems, Spectrophotometers , Centrifuges , Microscopes , and much more where listed and sold by a network of new and used equipment vendors to lab professionals from around the world.
From there, LabX grew a niche market for analytical lab equipment into a world-wide exchange for a variety of scientific equipment. Eventually expanding into related categories, LabX added industry sections for: Medical Equipment , Electronic Test Equipment , Process, and finally Semiconductor products.
Currently the LabX corporate office is located in Midland, Ontario, Canada.
The obvious difference being the product focus, LabX displays over 100,000 hi-tech scientific items on the site at any given time. EBay has officially listed LabX as an auction competitor in their SEC filings further qualifying LabX as a valuable auction service.
Unlike EBay , LabX is not restricted to just the auction platform. LabX has a different business model that permits fixed-price classified ads and banner advertising for corporate website promotion. There are also free wanted ads for users wanting to locate hard-to-find items.
Sellers are not charged any final value fees for items sold. LabX operates using a flat upfront fee that can range from $1.50 to $30 depending on the type of auction or classified for sale ad that is run.
LabX has also added New Product Introductions where equipment buyers can find press releases on new technologies in their industry. This component of the website makes LabX a full-service marketplace for buying and selling hi-tech scientific equipment.
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