New Wearable BLE Technology Expands Product Suite and Market
Los Angeles, Calif. – March 6, 2014 – GTX Corp. (OTCQB: GTXO), a leading provider of personal location wearable technologies, is pleased to announce the introduction of its new Bluetooth Low Energy (“BLE”) SmartSoles, a footwear system design to simply monitor when the wearer enters or leaves a room or a building and created for people afflicted with Alzheimer’s, dementia or Autism who are prone to wandering. The Company has been in development of this product for over 6 months and plans to commence shipments of its BLE SmartSoles in early Q2 2014.
“GTX has been a pioneer in wearable monitoring technologies for over a decade,” commented Patrick Bertagna, CEO of GTX Corp. “Expanding our product suite to include a low cost, indoor, entry level monitoring solution while leveraging the latest BLE technology in our SmartSole platform positions GTX as a leader in developing solutions for tracking loved ones with cognitive memory disorders. Our BLE SmartSoles were specifically designed based on the needs of and feedback from assisted living facilities and the care giving community in the US and overseas. The BLE SmartSoles provide a simple entry point to our products, and offers an easy upgrade path to our GPS SmartSoles for those chronic wonderers.”
The BLE SmartSoles look and feel like regular insoles and may be placed in most shoes and trimmed for fit. Embedded inside the BLE SmartSoles is a miniaturized Bluetooth low energy chip that reports when a wearer enters or leaves a pre set area such as a room or a building. The technology is customizable for personal home use or commercial assisted living facilities. The caregiver is alerted via email or text when the wearer leaves the area and can download the free Smart Locator mobile app compatible with Android and Apple devices. The BLE SmartSoles will cost under $50 and come with a battery life of over a year, allowing care givers to monitor their loved ones without the need to worry about recharging or replacing batteries.
GTX has always been a strong advocate for solutions that address cognitive memory disorders, including Alzheimer’s, dementia and Autism and understands the importance of keeping a close eye on loved ones who are at risk. The Company has an ongoing roadmap in development for solutions geared towards this growing global audience, estimated to reach over 273 million people worldwide by 2050.
GTX Corp (GTXO) is a pioneer in wearable technology and a leader in enterprise 2 way GPS real-time personal location based services. Founded in 2002, headquartered in Los Angeles, California and known for its game-changing and ward-winning patented GPS Smart Shoe, its block buster Smartphone GPS Tracking App, and GPS SmartSole, GTX provides solutions that answer the “where is” question: where is my mother, child, pet, vehicle and high value assets.
Through a robust enterprise platform and licensing business model the Company offers a complete end to end solution of location based hardware, middleware, apps, connectivity and professional services. Letting you know where or how someone or something is at the touch of a button delivering security and peace of mind in an instant. GTX Corp also owns and operates LOCiMOBILE, Inc which develops applications for smart phones and tablets and Code Amber Alertag. The Company has an aggressive intellectual property strategy and owns an extensive portfolio of patents, patents pending, registered trademarks, copy rights and URL’s.
Product and licensing http://www.gtxcorp.com/about/licenseinquiry
Investor Relations firstname.lastname@example.org
Disclaimer: GTX Corp does not warrant or represent that the unauthorized use of materials drawn from the content of this document will not infringe rights of third parties who are not owned or affiliated by GTX Corp. Further GTX Corp cannot be held responsible or liable for the unauthorized use of this document’s content by third parties unknown to the company.
Forward Looking Statements
This news release contains forward-looking statements. The terms and phrases “expects”, “would”, “will”, “believes”, and similar terms and phrases are intended to identify these forward-looking statements. Forward-looking statements are based on estimates and assumptions made by GTX in light of its experience and its perception of current conditions and expected future developments, as well as other factors that GTX believes are appropriate in the circumstances. Many factors could cause
GTX’s actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements. Certain risk factors that may cause actual results to differ are set forth in GTX’s Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (which may be obtained at http://www.sec.gov). These factors should be considered carefully, and readers should not place undue reliance on GTX’s forward-looking statements. GTX has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.