Kryos are a company here at the BlackBerry Developer Conference that help companies build applications for BlackBerry. Their latest announcement allows companies to rapidly develop and deploy LBS applications.
The platform used in developing these applications is called the Velocity Mobile Platform, which is now in version 1.2. The latest iteration of the platform supports GPS and offers a number of features such as device side scripting and validation, graphing, and BlackBerry OS 5.0 support for the latest BlackBerry smartphones including the BlackBerry Bold 9700 and BlackBerry Storm2 9550.
So if there are companies out there looking to get their LBS applications on the latest devices, but may not have the in-house tools to do so, Kryos may be your gateway.