Currently testing new 3G platforms in the U.S. and Europe to embed electronics in several different form factors suitable for all ages, from young children to adults to mobile assets.
LOS ANGELES, CALIFORNIA – March 14, 2018 –GTX Corp (OTC: GTXO), an IoT platform and global provider of personal location GPS, BLE, cellular and RFID, tracking and monitoring wearable and wandering assistive technology announced today that it is finalizing testing and preparing to launch a new suite of devices and form factors in order to expand market reach. Over the next few months GTX Corp will be launching GPS SmartSole® for pre-teens, the Invisabelt for young children, an OEM version ready to be embedded in customized form factors designed for mobile asset tracking, a weapons tracking device and Smart Step™ insoles designed to monitor activity, mobility and balance.
Patrick Bertagna, GTX Corp CEO, commented, “We have been evaluating different market segments, looking at different opportunities that we can leverage our core GPS tracking expertise, wearable technology platform, intellectual property portfolio and Made in USA manufacturing capabilities. As part of this initiative, we are working with our channels partners to introduce new products for both existing and new markets, including tracking solutions for kids, providing customized hardware for enterprise mobile assets, developing new products for military & law enforcement and with our partner Veristride, we have begun testing a new line of health & wellness insoles created specifically for the general baby boomer population.”
Andrew Duncan, GTX Corp President of business development stated, “Our experience and knowledge in miniaturizing technology in the wearable space is allowing us to expand beyond just tracking seniors with Alzheimer’s. We are now looking at the kids market, predictive and preventive market and a host of enterprise applications. Our expansion into the health and wellness market by simply and accurately monitoring how someone walks is especially exciting. We will be able to predict when a person might be susceptible to a fall, which is an area of vital importance in the overall senior care industry and with fall risk injuries accounting for over $31 billion in the U.S. annually, we believe this this is a far larger market for us to explore. Of course the kids market could also be very significant.”
“We are very pleased to be working with GTX to launch their first generation GPS tracking products for children in the U.K,” said Phil Iles, Sales Manager for Possum LTD, the U.K. distributor for GTX Corp. “We have received strong interest from caregivers looking after young children with Learning Disabilities like Autism since the introduction of the GPS SmartSole and already have many young adolescent customers using the product. The introduction of a children’s size GPS SmartSole allows us to broaden our reach and fulfill pent up demand”.
“We look forward to supporting the launch of this new range of GTX health and safety related products in Scandinavia.” commented Tommy Rasmussen, Managing Director of SafeCall Denmark ApS, “We strongly believe that the introduction of children’s tracking products as well as insoles with bio-sensors allowing the monitoring of a person’s health, whatever their age will allow us to continue to grow and diversify business opportunities in the region.”
Most widely known for its patented GPS SmartSole and Smartphone GPS Tracking App, GTX owns and licenses more than 80 patents, is a U.S. military contractor and has multiple consumer and enterprise products in the market place, available on its online store and Amazon:
· Take Along Tracker 3G – a single miniature tracking and SOS device that allows for GPS capabilities, plus 2G, 3G, GSM, data and voice as well as a 3-way motion sensor.
· Track My Workforce – a mobile app allowing employers to monitor mobile employees like drivers and sales representatives through their Smartphone.
· GPS SmartSole – a wearable stigma-free GPS tracking, monitoring and recovery solution for those at risk of wandering due to Alzheimer’s, dementia and autism.
· Sole Protector for GPS Smartsole – created specifically for the GPS SmartSole® in order to boost longevity, hygiene, covertness, protection and comfort. Extends the life of the SmartSole with increased shock absorption and water resistance.
· Take Along Friends & coming soon the Invisabelt for young children
About GTX Corp
GTX Corp (GTXO) is a pioneer in Smart, Mobile and Wearable GPS tracking and recovery location based products, supported through a proprietary IoT enterprise monitoring platform. GTX offers a global end-to-end solution of hardware, software and connectivity. The Company develops 2 way GPS tracking technologies which seamlessly integrate with consumer products and enterprise applications. GTX Corp utilizes the latest in miniaturized, low power consumption GPS, Cellular, RF and BLE technology enabling subscribers to track in real time the whereabouts of people or high value assets through a complete end to end – customizable transceiver module, wireless connectivity gateway, smart phone Apps, middleware, and IoT portal. Headquartered in Los Angeles, California, GTX is known for its award-winning patented GPS SmartSole® – Think Dr. Scholl’s meets LoJack, the world’s first invisible wearable technology tracking device created for those at risk of wandering due to Alzheimer’s, dementia, autism and traumatic brain injury. GTX Corp’s business model is built around technology innovation and holds over 85 patents with many issued patents in the area of GPS tracking. The company has international distributors servicing customers in over 35 countries and is a US Military Government contractor. Other customers include public health authorities and municipalities, emergency and police authorities, private companies, public and private senior care homes, and consumers.
GTX Corp is an equal opportunity employer with a history of employing a diverse workforce and US veterans; makes many of its products in the USA, is a member of the United Nations Global Compact and Trust 2 Protect partnership. The Company doesn’t just make and sell the best GPS tracking products, they deliver innovative, miniaturized, low power consumption wearable tech that provides safety, security and peace of mind at the touch of a button. GTX puts the “Where” in Wearable Tech.
Online: www.gtxcorp.com Track My Workforce | GTX Corp www.gpssmartsole.com
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General information, investor relations, wholesale licensing, consumer purchase: 213.489.3019
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GTX Corp United Kingdom
In the UK, GTX Corp operates from its London office. For more information, please contact: Nelson Skip Riddle contact details are: Email: email@example.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.