A classmate suggested looking into "Glympse," a similar tool.
However, Glympse is not as extensive as New Timey.
1) Glympse's primary purpose is to show the other party your location on a map and estimate your arrival time.
New Timey does not indicate the user's location to the other party. However, it provides notification of any delays (should they arise) to the other party. Otherwise, the service is silent.
2) Glympse does not sync with the user's calendar, and it only allows the user to share his/her location with certain recipients.
New Timey syncs with your calendar and, with your permission, automatically notifies the other party; there is no load on you unless otherwise specified.