The team behind GyPSii, the location-based social networking software, last week capped a busy February by announcing a deal to embed the company’s application on LG Electronics mobile phones.

The announcement – made at the Mobile World Congress in Barcelona, Spain – follows the company’s release of an API platform and word earlier this month that GyPSii’s application was being added to more devices from Nokia and Research In Motion (maker of the BlackBerry).

GyPSii’s software enables mobile-phone users to share pictures, messages and other content tagged with GPS data. The software was honored as Innovation of the Year at the 2008 Rhode Island Innovation Awards.