GTX Corp GPS SmartSoles News January 2017 – SecuritySolutionsWatch.com and Verizon

SecuritySolutionsWatch.com Updates January 4, 2017

In The Boardroom With…

Mr. Patrick Bertagna
CEO, Founder, Chairman
bertagna65 GTX Corp GPS SmartSoles News January 2017   SecuritySolutionsWatch.com and Verizon

Mr. Patrick Bertagna
CEO, Founder, Chairman
GTX Corp

The SmartSole is our flagship product, think Dr. Scholl’s meets LoJack. We make a miniaturized GPS and Cellular module and embed it inside an orthotic insole. The application is for people who have a memory disorder and have a tendency to wander, anyone with Alzheimer’s, dementia, autism, traumatic brain injury, etc. Currently there are over 100 million people worldwide who are afflicted with one of these debilitating aliments. Being that our module is small and robust we also imbed it inside other form factors and we are starting to look at OEM deals. And then we have our tracking App, which basically turns a smartphone into a tracking device, the application there is for mobile work force, sales people, delivery people, service business like electricians and plumbers, police officers, just about anyone that works in the field and benefits their superiors to know where they are at any time at the touch of a button. arrw red GTX Corp GPS SmartSoles News January 2017   SecuritySolutionsWatch.com and VerizonMore

In The Boardroom With…

Ms. Monique Merhige
President Infusion Direct Marketing

 

moniquenewheadshot GTX Corp GPS SmartSoles News January 2017   SecuritySolutionsWatch.com and Verizon

GPS WEARABLE TECHNOLOGY HAS TAKEN A STEP IN THE RIGHT DIRECTION IN THE CONSUMER MARKET IMPROVING THE LIVES OF MILLIONS ONE STEP AT A TIME

INNOVATIVE WEARABLES THAT ARE USER FRIENDLY AND UNOBTRUSIVE OFFER EFFICIENT CARE WHILE REDUCING COSTS AND STRESS

Wearable Tech Market Overview

The consumer market for wearable technology is growing at an extremely high rate due to many factors in the marketplace.  Sales for global wearable medical devices have exceeded $2 billion in 2015 and $5 Billion in 2016 with future forecasts calling for sunny skies.  The global wearable medical device market is projected to reach $12.14 billion dollars by 2021, which is driven by a myriad of factors. Some include technological advancements in medical devices, the launch of a growing number of smartphone-based healthcare apps compatible with wearable devices, rising preferences for wireless connectivity among healthcare providers, and an increasing focus on physical fitness. In addition, growing trends towards home healthcare offers significant opportunities for expansion in this market. Read More

 

 

GPS SmartSoles on display at the Verizon WBG Technology Showcase in Nation Harbor Maryland January 10, 2017

GPS SmartSoles Verizon WBG Technology Showcase Nation Harbor Maryland 1 GTX Corp GPS SmartSoles News January 2017   SecuritySolutionsWatch.com and Verizon
GPS SmartSoles Verizon WBG Technology Showcase Nation Harbor Maryland 2 GTX Corp GPS SmartSoles News January 2017   SecuritySolutionsWatch.com and Verizon

1-

12-17 SmartSoles on display at the Verizon Kickoff in Syracuse NY

verizon gpsinsole display GTX Corp GPS SmartSoles News January 2017   SecuritySolutionsWatch.com and Verizon

 

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Inventergy Launches Licensing Campaign for Location Based Services Patents

Over 100 companies identified that may have interest in the technology from GTX Corp, an Inventergy Innovations partner

CAMPBELL, CA — (Marketwired) – January 04, 2017 — Inventergy Global, Inc. (NASDAQ: INVT)  (the “Company”), an intellectual property licensing and innovation company, today announced that its subsidiary, Inventergy Innovations, LLC (“Inventergy Innovations”) has launched a patent licensing campaign for GTX Corp (OTCBB: GTXO) for its wireless location-based services intellectual property assets based on 2-way GPS tracking.

The licensing campaign is a follow-up to the definitive agreement announced in June 2016 in which Inventergy Innovations obtained the exclusive right to license or sell three of GTX’s patents — US 8,154,401, US 8,760,286 and US 9,219,978, commonly referred to as the “Comm. Protocol” family.   The licensing campaign represents the Company’s second monetization program announced by its subsidiary following the proof of concept engagement between Pabellon Power, Inc.  (a company developing magnetic based wireless power and data transfer systems) and a Fortune 100 company announced on September 27, 2016.

Joe Beyers, CEO of Inventergy stated, “In our Inventergy Innovations model we obtain exclusive rights to license or sell a partner’s patents, technology or in some cases their entire company.   We use various monetization execution models to create value for our partners and our stockholders.   In the case of GTX, our first step is to execute on this broad patent license program while exploring other potential initiatives. We are particularly excited by this GPS-based remotely configurable tracking and location devices market.  It is growing very rapidly and the wearable’s sub-segment alone is projected at $8.8 billion for 2016 and expected to grow to $12.6 billion by 2019.”

This campaign will provide companies interested in the Comm. Protocol family with substantial discounts for early adoption, multi-year commitments or higher volumes of products.  Inventergy Innovations believes that more than 100 companies are either currently using or could find value in the GTX technology.  Offer letters are being sent to the first 40 companies this week and others will be sent over the next few weeks.

About Inventergy Global, Inc.

Inventergy Global, Inc. is a Silicon Valley-based intellectual property company dedicated to identifying, acquiring and licensing patented technologies of market-significant technology leaders and small companies. Led by IP industry pioneer and veteran Joe Beyers, the Company leverages decades of corporate experience, market and technology expertise, and industry connections to assist Fortune 500 and other technology companies in leveraging the value of their innovations to achieve greater returns. For more information about Inventergy, visit www.inventergy.com.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains statements, estimates, forecasts and projections with respect to future performance and events, which constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Those statements include statements regarding the intent and belief or current expectations of the Company and its affiliates and subsidiaries and their respective management teams. These statements may be identified by the use of words like “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “will,” “should,” “seek” and similar expressions and include any projections or estimates set forth herein. Investors and prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, that actual results may differ materially from those projected in the forward-looking statements.

Contact:

Robert Haag

IRTH Communications

INVT@irthcommunications.com

866-976-4784

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The Year End SmartSole Sale Ends Saturday at Midnight – Save $110 Now

Don’t Miss Out. Click Here to Order Now

GTXSSYearEndSale The Year End SmartSole Sale Ends Saturday at Midnight   Save $110 Now

Be sure to use the Promotional Code to activate your savings!

 

A TOTAL SAVINGS OF $110.00! ($50 off SmartSole purchase + $5/mo. off monthly service fee) when you purchase your GPS SmartSole by December 31, 2016.
 
Enter Promo Code: YEAREND2016 
at checkout to instantly receive $50 off your SmartSoles purchase AND lock in our 2016 service fee pricing for the whole next year before monthly rates increase to $34.95 on January 1, 2017.
All orders placed prior to 11:59pm PST on December 31, 2016 utilizing the YEAREND2016 promo code are eligible to receive our GTX Year End Special.
Happy Holidays from our GTX Corp. family to yours!
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​#withyou​
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GTX Corp. Year End Special: Save $110 on GPS SmartSole Purchases Before 12/31/16!

GPS SmartSole Logo Holiday GTX Corp. Year End Special: Save $110 on GPS SmartSole Purchases Before 12/31/16!​Give the gift of peace of mind this holiday season with GTX Corp.’s GPS SmartSole®, the patented wearable tracking solution for those who wander.

 
As we close out 2016, GTX Corp. is pleased to offer our Year End Special of $50 OFF your SmartSole purchase AND the opportunity to lock in your 2016 service fee rate before 2017 rates increase, making for an additional $60 in savings. 
OrderNow1 GTX Corp. Year End Special: Save $110 on GPS SmartSole Purchases Before 12/31/16!
 
A TOTAL SAVINGS OF $110.00! ($50 off SmartSole purchase + $5/mo. off monthly service fee) when you purchase your GPS SmartSole by December 31, 2016.
 
Enter Promo Code: YEAREND2016 
at checkout to instantly receive $50 off your SmartSoles purchase AND lock in our 2016 service fee pricing for the whole next year before monthly rates increase to $34.95 on January 1, 2017
 
All orders placed prior to 11:59pm PST on December 31, 2016 utilizing the YEAREND2016 promo code are eligible to receive our GTX Year End Special. 
 
Happy Holidays from our GTX Corp. family to yours!
 
Hat2 GTX Corp. Year End Special: Save $110 on GPS SmartSole Purchases Before 12/31/16!
​#withyou​
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GTX Corp Reports Third Quarter 2016 Financial Results

Increased Revenues, Margins, Subscribers and Distribution Partners

LOS ANGELES, CA – November 15, 2016 – GTX Corp. (OTCQB: GTXO), an IoT platform and leading provider of personal location GPS, BLE, cellular and RFID, tracking and monitoring wearable technology and wandering assistive technology, announced financial results for the third quarter ended September 30, 2016.

Q3 Highlights

  • Revenue increased 99% over 2015 comparable period
  • Subscriber revenue increased 139% over 2015 comparable period
  • Gross profit margin increased from 24% to 65% over 2015 comparable period
  • Operating expenses decreased 17% over 2015 comparable period
  • Net operating losses decreased 34% over 2015 comparable period
  • Delivered our first military test order
  • Expanded distribution into Mexico

Q3 Initiatives included increasing our customer and subscriber base, formulating our patent monetizing strategy for next year, delivering our new GPS/RF product line, exploring new BLE and RF business opportunities with our channel partners and increasing overall margins through cost reductions and better operational efficiency.  

During Q3 the Company focused on basic fundamentals, such as growing revenues, improving customer service, working more closely with channel partners, exploring regional opportunities and ways to augment our GPS platform with new technologies such as low energy blue tooth and RF in regional markets and identifying new IP monetization strategies and growth opportunities for 2017.

Both RF and BLE technologies will start playing a more significant role in future product roll outs and will be part of a suite of new product offerings scheduled to come out over the next 6 months.

Our first new product using GPS and RF technology was delivered this quarter to a military base in Southern California. The Company delivered a new wide-area tracking system in the ISM 900MHz band, with 256-bit AES encryption, and up to 40-mile line-of-sight range with high-gain antennas. The system is a GPS and RF personnel, vehicle and asset tracking solution designed to provide ground situational awareness and real-time surveillance of all personnel and equipment traveling within a designated area, ranging from 2 – 200+ square-miles. Strategically deployed repeaters can extend this range and overcome “dead zones” due to rugged terrain, while the solar panels and extended battery will allow deployment of the repeaters to areas without existing power sources, making this solution ideal for military installations, oil rigs or any large area where cell coverage and or power is not available.  Both the hardware and software are designed and manufactured in house, proving the Company with vertical manufacturing to delivery capability.

On the SmartSole production front, 750 units of version 1.25 GPS modules were manufactured and 300 units of version 1.5 were ordered and will go into production in December.

Patrick Bertagna, GTX Corp CEO, stated, “This was our 3rd quarter in a row with double digit revenue increases and a 99% increase over the same period last year. We are holding a steady positive trend of higher revenues, new revenues, higher margins, lower expenses and lower losses for both the 3 month and 9 month ending period 2016. The wearable technology industry is expected to see another big forecast jump to an estimated $25 billion by 2019 and is showing no signs of slowing down, which is very good news for GTX stake holders. Our early entry into this industry with patent filing dates going back to 2002, our brand recognition, industry knowledge and staying power is opening up incredible new opportunities for us. Limited capital is still a challenge for us to grow quickly, but we are growing and remain as committed and passionate as ever. Additionally management has elected to transfer accrued salaries into long-term convertible promissory notes, due on December 31, 2018. The total amount of salaries converted was $318,671, bringing down our outstanding accounts payable by 44%. Management will have the ability to convert up to 50% of their note into equity which is currently set at a fixed above market price, reflecting the continued long term commitment by senior management.”

For the remainder of the year, GTX Corp will continue to advance its next-gen technologies and take action aligned with its broader growth strategy, which includes:

  • Increasing sales in all product categories
  • Increasing our global subscriber base
  • Supporting our partners growth initiatives
  • Scaling and streamlining manufacturing and distribution  processes
  • Introducing new products into new markets
  • Applying for additional reimbursement codes
  • Working with local, federal and international government agencies
  • Building brand and product awareness
  • Building out corporate infrastructure to support growth in 2017

About GTX Corp

GTX Corp (GTXO) is a pioneer in IoT wearable technology and a thought leader in enterprise 2 way GPS real-time personal location based services. Founded in 2002, headquartered in Los Angeles, California, with distributors in over 14 countries. The Company is known for its innovative, game-changing and award-winning GPS SmartSole and its blockbuster Smartphone GPS Tracking App. GTX provides solutions that answer the where question: where is my mother, child, employee, vehicle, drone and high value assets.

Through a robust global enterprise monitoring platform and licensing subscription business model, the Company offers a complete end to end solution of location based hardware, middleware, apps, global cell 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 a comprehensive intellectual property strategy and owns an extensive portfolio of patents, patents pending, registered trademarks, copy rights and URL’s and was recently featured in a 38 page research piece which outlines the value proposition of the Company’s IP portfolio.

Online: www.gtxcorp.com  www.gpssmartsole.com

Consumer Purchase of GPS SmartSoles

Social media – #withyou

https://www.facebook.com/gtxcorpcom

http://www.twitter.com/gtxcorp

http://www.pinterest.com/GTXCorp/

http://instagram.com/gtxcorp

General information, licensing or investor relations:

213.489.3019

info@gtxcorp.com

http://www.gtxcorp.com/about/licenseinquiry

ir@gtxcorp.com

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.

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KORE Position Logic Powers GPS SmartSole Solution for Patients and Caregivers

Position Logic Provides Location-Based Technology and Named North America Distributor of GTX’s SmartSoles for Tracking and Recovery

ALPHARETTA, GA. —November 9, 2016—KORE, the people powering IoT innovations and opportunities, today announced that the company will integrate GTX Corp’s (OTCBB: GTXO), GPS SmartSole® into the Position Logic platform. Additionally, Position Logic will be a distributor of GPS SmartSoles in North America.

GPS SmartSole combines a miniaturized GPS device and cellular communicator to send coordinates of loved ones suffering from Alzheimer’s, dementia, autism or any other cognitive memory disorder to their caregivers. GPS SmartSoles look and feel like regular insoles, and allow the wearer to be free from the stigma of visible bracelets, pedants and other traditional tracking devices. GPS SmartSole technology is integrated with a mobile app that allows caregivers to track their loved ones in seconds, lessening their worry and anxiety about wandering.

Per the agreement, Position Logic customers will now be able to purchase GPS SmartSoles as a hardware on the Postion Logic platform and then offer it to end-users in the personal tracking space.

“Currently there are 100 million people worldwide who are part of this at risk wandering group, including patients with Alzheimer’s, dementia, autism and traumatic brain injury, and that number is expected to reach 277 million by 2050. We’re happy to be working with Position Logic on this integration/distribution agreement and are eager to see the results we know they can drive in North America to help this population,” said Tom Adams, VP Sales Strategy.  

“Position Logic is constantly seeking new innovative ways to support and deliver greater value to our service providers. With the integration of the SmartSole device in our device library; our service providers can differentiate themselves and offer additional personal monitoring and tracking services. The SmartSole hardware unique form factor presents several advantages especially around people prone to wandering or getting lost,” said Felix Lluberes, executive vice president, advanced applications, KORE.

About KORE

KORE provides the connectivity and services that make the Internet of Things possible. Founded in 2003, KORE is the world’s largest managed network services provider specializing in Internet of Things (IoT) and Machine to Machine (M2M) markets. KORE provides the critical wireless connectivity empowering application, hardware and wireless operator partners to rapidly bring new IoT and M2M innovations to market, with millions of active on-network units in more than 180 countries. KORE delivers choice, reliability and global native coverage through multi-carrier and Tier 1 carrier cellular and satellite network services – including LTE, GSM and CDMA – as well as advanced applications to easily manage IoT connected devices. KORE Position Logic software provides seamless location-based services (LBS) for businesses. KORE’s recent acquisition of Wyless makes the company one of the six largest providers of M2M/IoT services globally, inclusive of carriers. For more information, visit www.koretelematics.com, read the KORE blog and connect with KORE on LinkedIn, Google+, Facebook, Twitter, YouTube and Vimeo.

About GTX Corp.

GTX Corp (GTXO) is a pioneer in Smart, Mobile and Wearable GPS, cellular and BLE tracking and recovery technology. Headquartered in Los Angeles, California, with distributors in over 14 countries, GTX is known for its game-changing and award-winning patented GPS Smart Shoe, blockbuster Smartphone GPS Tracking App, and innovative GPS and BLE SmartSole. GTX provides solutions that answer the where question: where is my mother, child, employee, vehicle, drone and high value assets. Through a proprietary global enterprise IoT monitoring platform and licensing subscription business model, the Company offers a complete end-to-end solution of 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 a comprehensive intellectual property strategy and owns an extensive portfolio of patents, patents pending, registered trademarks, copyrights and URL’s.

 

For more information on the Company’s flagship product, the GPS SmartSole, visit us:

Online: www.gtxcorp.com                          www.gpssmartsole.com


###

All products/services and trademarks mentioned in this release are the properties of their respective companies.

 

KORE Contacts:                                                                                     GTX Corp. Contact:

Joe Palldino or Maggie Fairchild                                                            Meghan Ravada

MSLGROUP Boston                                                                                  213.489.3019

781-684-0770                                                                                             info@gtxcorp.com

kore@mslgroup.com

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The Real Risk of Wandering

One of the most concerning and frantic feelings comes from when a family member and loved one wanders and becomes lost. Families, communities and law enforcement alike are brought together to find that missing person.

According to Home Instead Senior Care network, nearly 50% of family members surveyed have experienced a loved one with Alzheimer’s wandering or getting lost and in addition, six out of 10 adults with Alzheimer’s or another form of Dementia will have a tendency to wander. Wandering and getting lost is common among people with dementia and can happen during any stage of the disease.

When someone is living with Alzheimer’s, Dementia, autism or other neurological memory disorders, there are times when sights and sounds (i.e, a police or ambulance siren) may frighten them to misinterpret their environment and cause them to wander away from their known familiar places. Similarly, when the individual is in a crowded and over stimulating environment, they may wander away to escape the commotion.

Other reasons why an individual may wander away from a safe place, including their own home, is when they may not recognize the new space and aim to return to a place that recollects to them as being safe, such as a past workplace.  Also, when a high change in routine occurs, the individual may become confused of their surroundings and seek solitude elsewhere.

blog1 The Real Risk of Wandering
Luckily, in some incidents the wide connections of social media and law enforcement in the communities results in the wanderer being able to return home, safely. However, there are times the incident ends in tragedy for someone who is lost and confused in an unfamiliar place. In July 2016, 90 year-old Bonnie Walker was reported missing from her senior assisted-living facility. After having slipped down a ravine while she was walking, Ms. Walker was later found dead after sustaining blunt force injuries from an alligator following her fall.  

There are many resources for caregivers and family members of someone with Alzheimer’s or another form of Dementia who has a tendency to wander. Whether support is needed for the caregiver or if a technological device, such as the GPS SmartSole is needed to monitor the user’s whereabouts, there are options for a wanderer. One incident of wandering is one too many and it is highly suggested to address the situation before a loved one becomes lost and tragedy ensues.
About GTX Corp

GTX Corp (GTXO) is a pioneer in Smart, Mobile and Wearable GPS, cellular and BLE tracking and recovery technology. Headquartered in Los Angeles, California, with distributors in over 14 countries, GTX is known for its game-changing and award-winning patented GPS Smart Shoe, blockbuster Smartphone GPS Tracking App, and innovative GPS and BLE SmartSole. GTX provides solutions that answer the where question: where is my mother, child, employee, vehicle, drone and high value assets. Through a proprietary global enterprise IoT monitoring platform and licensing subscription business model, the Company offers a complete end to end solution of 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 a comprehensive intellectual property strategy and owns an extensive portfolio of patents, patents pending, registered trademarks, copy rights and URL’s.

The patented GTX Corp wearable technology products and tracking devices, enable wearers to be monitored remotely, thereby helping to ensure their safety in case they wander or become lost due to cognitive disorders such as Alzheimer’s, dementia, autism and TBI. For more information on the Company’s flagship product the GPS SmartSole visit us:

Online: www.gtxcorp.com www.gpssmartsole.com

Social media #withyou #smartsole

www.facebook.com/gtxcorpcom

www.twitter.com/gtxcorp

www.pinterest.com/gtxcorp

www.instagram.com/gtxcorp

www.linkedin.com/in/gtxcorp

 

General information, licensing or investor relations email:

info@gtxcorp.com

ir@gtxcorp.com

213.489.3019

 

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GTX Corp Strategic Partner Inventergy Announces Value of Patent Portfolio

Today, strategic partner to GTX Corp (OTC:GTXO), Inventergy Global, Inc. (NASDAQ: INVT) announced and discussed the value of the Company’s patent portfolio, part of which includes several of GTX Corp’s patents which were licensed in July 2016 when GTX joined forces with Inventergy Innovations, LLC (“Inventergy”), a subsidiary to Inventergy Global.

 
In a definitive agreement between the companies, Inventergy holds exclusive rights to license or sell three GTX patents – US 8,154,401, US 8,760,286, and US 9,219,978, commonly referred to as the “Comm. Protocol” or “286” Family.

 
Joe Beyers, CEO of Inventergy discusses in the release about the importance of the patent portfolio, “Inventergy has a rich technology patent portfolio consisting of more than 760 worldwide patents acquired from industry leaders including Panasonic (OTC PINK: PCRFY), Nokia (NYSE: NOK) and Huawei (SZSE:002502). The portfolios contain a handpicked set of worldwide assets that are a combination of standards essential patents (SEPs) and valuable implementation patents.”

 
To read the full press release, please visit: Inventergy Highlights Recent Key Initiatives to Drive Growth in Multi-Billion Dollar Markets

About GTX Corp

GTX Corp (GTXO) is a pioneer in Smart, Mobile and Wearable GPS, cellular and BLE tracking and recovery technology. Headquartered in Los Angeles, California, with distributors in over 14 countries, GTX is known for its game-changing and award-winning patented GPS Smart Shoe, blockbuster Smartphone GPS Tracking App, and innovative GPS and BLE SmartSole. GTX provides solutions that answer the where question: where is my mother, child, employee, vehicle, drone and high value assets. Through a proprietary global enterprise IoT monitoring platform and licensing subscription business model, the Company offers a complete end to end solution of 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 a comprehensive intellectual property strategy and owns an extensive portfolio of patents, patents pending, registered trademarks, copy rights and URL’s.

The patented GTX Corp wearable technology products and tracking devices, enable wearers to be monitored remotely, thereby helping to ensure their safety in case they wander or become lost due to cognitive disorders such as Alzheimer’s, dementia, autism and TBI. For more information on the Company’s flagship product the GPS SmartSole visit us:

Online: www.gtxcorp.com www.gpssmartsole.com

Social media #withyou #smartsole

www.facebook.com/gtxcorpcom

www.twitter.com/gtxcorp

www.pinterest.com/gtxcorp

www.instagram.com/gtxcorp

www.linkedin.com/in/gtxcorp

 

General information, licensing or investor relations email:

info@gtxcorp.com

ir@gtxcorp.com

213.489.3019

 

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GTX Corp CEO – Patrick Bertagna on July 4th Participated in the Telefonica IoT Kitchen Talk Summit via video conferencing.

Mr. Bertagna discussed wearables and implants along with the impact of a hyper connected society and the impact and what the future holds for wearables and beyond to technology implanted inside the human body. The final statement from the moderator “we are all cyborgs, we just don’t know it yet”

GTX Screen GTX Corp CEO – Patrick Bertagna on July 4th Participated in the Telefonica IoT Kitchen Talk Summit via video conferencing.
Patrick laptopscreen1 GTX Corp CEO – Patrick Bertagna on July 4th Participated in the Telefonica IoT Kitchen Talk Summit via video conferencing.
Patrick laptopscreen2 GTX Corp CEO – Patrick Bertagna on July 4th Participated in the Telefonica IoT Kitchen Talk Summit via video conferencing.
IOT KitchenTalkSign GTX Corp CEO – Patrick Bertagna on July 4th Participated in the Telefonica IoT Kitchen Talk Summit via video conferencing.

Photo Credit to: Henrik Andree
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GTX Corp and RACO Industries Sign Distribution Agreement to Sell SmartSoles

LOS ANGELES, CALIFORNIA –July 13, 2016 – GTX Corp (OTCBB: GTXO), an IoT platform in the personal location GPS wearable and wandering assistive technology business announced the signing of a distribution agreement with , a GPS application solutions integrator headquartered in Cincinnati Ohio. The agreement grants RACO exclusive distribution rights to the Location Based Services industry in the United States for the GPS SmartSoles and other GTX Corp products. In order to maintain exclusivity, RACO is committing to purchasing a minimum of 15,000 units over the next 3 years.

Established in 1988, RACO is a privately held company founded by Rob Adams who was also the founder of RacoWireless. “The GPS SmartSole technology is a natural extension of our existing GPS tracking business. We are excited to partner with GTX Corp to provide assistance to those who suffer from cognitive disorders,” says Rob Adams, CEO of RACO Industries.

“As we continue to expand our channels of distribution we are excited to bring on a new partner in the U.S. that has a deep understanding of systems integration and the overall GPS/Wireless industry, stated Patrick Bertagna GTX Corp CEO.

GTX Corp’s patented GPS SmartSoles®, which were featured in AARP’s 2015 technology gear guide are a stigma free, safety and security unobtrusive monitoring and tracking solution for those afflicted from Alzheimer’s, dementia, autism, TBI and other memory disorders and have a tendency to wander. They are placed in the wearer’s shoes and contain a miniaturized GPS tracking chip connected through a cellular network that sends a signal to a monitoring portal or app, showing the exact location of the individual wearing the SmartSoles. They come in several trim to fit sizes for both men and women, are water resistant, made with the highest quality electronic components and assembled in Rhode Island, U.S.A.

The simplicity behind the SmartSole Platform is that when someone wanders off or becomes lost, a text or email alert is sent to a caregiver’s phone and computer with a direct link to a Google map plotting the wanderer’s location.  Alerts can be directed to a local authority and/or a private Call Centre to provide continuous monitoring and support.

Currently Alzheimer’s and dementia impacts over 6 million people in the U.S. with predictions of 16 million by the year 2050. Alzheimer’s is such a demanding condition, that it often impairs the health of those caring for the victims. Nearly 10 million caregivers, mostly family members, spend $148 billion dollars year for the care of their loved ones.

About RACO Industries, LLC

RACO Industries, LLC is an industry-leading integrator of mobile data collection solutions, ID card printing systems, mobile content deployment, wireless data and professional services.  RACO’s business solutions encompass most barcoding, card, and GPS application to enhance productivity and services of the mobile workforce. RACO Industries provides clients with real-time visibility to their mobile information at the point of service. Their customer base of logistics, transportation, manufacturing and service organizations rely on RACO to improve efficiencies and reduce costs.

About GTX Corp

GTX Corp (GTXO) is a pioneer in Smart, Mobile and Wearable GPS, cellular and BLE tracking and recovery technology. Headquartered in Los Angeles, California, with distributors in over 14 countries, GTX is known for its game-changing and award-winning patented GPS Smart Shoe, blockbuster Smartphone GPS Tracking App, and innovative GPS and BLE SmartSole. GTX provides solutions that answer the where question: where is my mother, child, employee, vehicle, drone and high value assets. Through a proprietary global enterprise IoT monitoring platform and licensing subscription business model, the Company offers a complete end to end solution of 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 a comprehensive intellectual property strategy and owns an extensive portfolio of patents, patents pending, registered trademarks, copy rights and URL’s and was featured in a 38 page research piece which outlines the value proposition of the Company’s IP portfolio and more recently in the SeeThruEquity research report.

The patented GTX Corp wearable technology products and tracking devices, enable wearers to be monitored remotely, thereby helping to ensure their safety in case they wander or become lost due to cognitive disorders such as Alzheimer’s, dementia, autism and TBI. For more information on the Company’s flagship product the GPS SmartSole visit us:

Online: www.gtxcorp.com www.gpssmartsole.com

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General information, licensing or investor relations email:

info@gtxcorp.com

ir@gtxcorp.com

213.489.3019

 

GTX Corp United Kingdom

In the UK, GTX Corp operates from offices in London and its Dublin-based European distribution center.  For more information, please contact: Nelson Skip Riddle contact details are:

Email: nsriddle@gtxcorp.com

Tel: +44 7785 364100

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.

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