Electrical lock-out and locating apparatus with GPS technology

A system and method by which construction tools, electronics, and other electrically powered devices are protected from theft and unauthorized use is disclosed. A tool or electronic device is equipped with an electronic receiver that receives an authorization code from a remote transmitter. Should the item be stolen, the rightful owner can disable it remotely, rendering it worthless. Additionally, the system provides for a Global Positioning System Receiver (GPS) that allows the invention to determine its physical location to within a few feet anywhere on the face of the earth, and transmit its location to the original owner such that it may be recovered. The use of the present invention allows for increased security of portable tools and electronics in a manner that is quick, easy and effective.