SmartSole Independence Sale: $25 OFF + FREE SHIPPING!

In recognition of June being Alzheimer’s & Brain Awareness Month as well as America’s upcoming Independence Day, GTX Corp is pleased to offer a summer special of $25 OFF + FREE SHIPPING on all GPS SmartSole purchases made before Midnight July 5th!

BUY GPS SMARTSOLE NOW! 

Use Promo Code: INDEPENDENCE to claim this limited discount

independence SmartSole Independence Sale:   $25 OFF + FREE SHIPPING!

GTX Corp specializes in providing GPS tracking devices for seniors, is committed to helping keep your loved ones #withyou and believes that everyone is entitled to feel safe, independent and part of a community at all times.

With the aging population, death rates from Alzheimer’s are on the rise according to new reports. Although around 5.4 million Americans are estimated to have Alzheimer’s, the new research suggests that the number is more likely to be closer to 11 million when taking into account those who do not yet display symptoms of the condition.

Although there may not be a cure yet to this terrible disease, GTX Corp takes pride in helping provide peace of mind by keeping your loved ones safe and independent at an affordable price with our patented, award-winning GPS SmartSole.

Get your SmartSoles TODAY to take advantage of this limited time special offer!

#WITHYOU #ENDALZ #INDEPENDENCE

*Offer good on all GPS SmartSole purchases made by 11:59pm PST on Wednesday, July 5, 2017, while supplies last. 

 

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Walking and Dementia

walking dementia Walking and Dementia

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GTX Corp Expands Distribution in Hong Kong and Chile and Files New Patent

LOS ANGELES, CALIFORNIA – June 14, 2017 – GTX Corp (OTCBB: GTXO), an IoT platform in the personal location wearable and wandering assistive technology business, announces expanding distribution into Hong Kong and Chile, as well as the filing of a new patent for its wearable yet invisible, monitoring and wandering recovery GPS SmartSole®.

“We are excited to be the first company to launch the GPS SmartSole in Chile and expect that this highly innovative, discrete product will bring relief to the many caregivers across Chile who struggle to look after loved ones afflicted with debilitating diseases such as Alzheimer’s and Dementia,” said Manuel Vargas, one of the founders of Centro de Día Damos Vida.

Founded in 2010, Centro de Día Damos Vida is the first adult day care center established in Chile specializing in people living with dementia disorders such as Alzheimer’s, vascular dementia and Lewy body dementia, providing a professional, compassionate and attentive home care program for their clients.

“After several months of testing, we are pleased to begin offering our senior residents the possibility of carrying out their normal lives while being securely and discretely monitored by our caregivers in case they wander and get lost,” said Jenny Choi at St James’ Settlement in Hong Kong. Founded by the Rt. Rev. Bishop R.O. Hall of the Anglican Church in 1949, St. James’ Settlement began as a club for boys and girls and by 2016, had 59 service points in operation across Hong Kong, with around 1,200 staff members to provide a vast range of high quality services for people of different ages and needs.

“Our new alliances in Chile and Hong Kong are part of our global distribution efforts to expand our brand and establish the patented GPS SmartSole® as the premier wandering assistive solution,” stated Andrew Duncan, GTX Corp Director of Business Development.

In addition and as part of its ongoing efforts to augment and expand its IP portfolio, GTX recently converted a provisional patent application filed last year into a new utility patent application. The patent application covers certain important manufacturing methods and structures of the GPS SmartSole® while leveraging prior filing dates.

Larry Henneman, GTX’s patent attorney, commented, “GTX Corp continues to improve and innovate around the implementation of tracking technology in wearable products like footwear. These ‘second level’ inventions clearly distinguish the pursuit and commitment of true technology developers, like GTX, from late to the party inventors that attempt to dabble in the field of wearable tech. This application builds upon GTX’s ongoing patent strategy to dominate and protect its business in the wearable tracking market with 14 patents already issued and hundreds of claims covering design and utility with priority dates going back to October 2002.”

GTX Corp has been at the forefront of wearable tech for over a decade and holds numerous patents in the field of wireless communications and embedding miniaturized electronics inside footwear. With several footwear wearable tech products currently in the market place and more expected out this year, the Company’s flagship GPS SmartSole® is a stigma free, safety and security wearable technology solution placed in the wearer’s shoes that contain a GPS tracking chip connected through Telefónica SA group’s (NYSE: TEF) global cellular network that sends location information to the GTX Corp proprietary IoT platform, showing the exact location of the individual wearing them. They come in several trim to fit sizes for both men and women, are water resistant, made with the highest quality German electronic components and assembled in Rhode Island, U.S.A.

The patented GPS SmartSole® is a non-visible tracking device, initially created as a wander guard recovery solution for those at risk of wandering due to Alzheimer’s, dementia, autism or traumatic brain injury, designed to monitor the location and whereabouts of people afflicted with cognitive memory disorders who have a tendency to wander, become lost or disoriented. They can also be used by people at risk of kidnapping, such as government employees, journalists and corporate executives.

About GTX Corp

GTX Corp (GTXO) is a pioneer in Smart, Mobile and Wearable GPS tracking and recovery location based solutions, supported through a proprietary IoT enterprise monitoring platform. GTX offers a complete 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 and BLE technology and offers a proprietary platform that enables subscribers to track in real time the whereabouts of people or high valued 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, with distributors in 14 countries and customers in over 35 countries, GTX is known for its award-winning patented GPS SmartSole® – Think Dr. Scholl’s meets LoJack, the world’s first invisible wearable technology device created for those at risk of wandering due to Alzheimer’s, dementia, autism and traumatic brain injury. Currently there are 100 million people worldwide who are part of this at risk wandering group and that number is expected to reach 277 million by 2050. 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. We put the “Where” in Wearable Tech.

Online: www.gtxcorp.com                     Track My Workforce | GTX Corp        www.gpssmartsole.com

Social media – #withyou     #smartsole

https://www.facebook.com/gtxcorpcom

http://www.twitter.com/gtxcorp

www.linkedin.com/in/gtxcorp

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

http://instagram.com/gtxcorp

General information, investor relations, wholesale licensing, consumer purchase:

213.489.3019

info@gtxcorp.com

ir@gtxcorp.com

http://gtxcorp.com/contact-us/

Consumer Purchase of GPS SmartSoles

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: 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.

#   #   #   #

share medium GTX Corp Expands Distribution in Hong Kong and Chile and Files New Patent

GTX Corp Reports First Quarter 2017 Summary Results

LOS ANGELES, CA – May 16, 2017 – GTX Corp. (OTCQB: GTXO), an IoT platform and leading provider of personal location GPS wearable technology and wandering assistive technology, announced financial summary for the first quarter ended March 31, 2017.

First Quarter Highlights

  • Revenue increased 65% over 2016 comparable period
  • Subscriber revenue increased 162% over 2016 comparable period
  • Net operating losses decreased 3% over comparable period
  • Accounts payable decreased 34% over comparable period

During the quarter ended March 31, 2017 the Company continued exploring sales channel opportunities in Colombia, Japan, Hong Kong, Spain and the Middle East. Also attended numerous trade shows in the U.S. and Europe, introducing its technology, products and solutions to potential new strategic partners, distributors and customers.  Domestically the Company added two States in the reimbursement program, attended several industry trade shows and began a Google ad word advertising campaign directed at driving online consumer sales. Outside of social media brand awareness, this was the first time the Company spent money on advertising directly to consumers. The additional expenses along with non-cash derivative liabilities and the amortization of debt discounts related to debt financings caused a net loss increase by 88%, however strictly on an operational basis, the loss from operations actually decreased by 3% once you factor out the non-cash derivative liabilities. Expenses increased by 6% due to advertising and various other investments related to R&D and patent filings.

On the R&D front, the Company began three new product development projects. First being for a CDMA SmartSole that will be operational on the Verizon network expected to be released by early Q3. The second for a SmartSole lite which will be a lower price, limited function and available in children sizes, created for lower disposable income markets and for individuals that are not “at risk” due to Alzheimer’s or autism, but rather for more of a general population use, expected out in early Q4 2017. Third the Company began developing a Sole Protector, specifically designed for the GPS SmartSole and made of anti-microbial / anti-fungal material that repels moisture and odor, providing an extra layer of hygiene, covertness, protection and comfort. The Sole Protector was commercially launched on May 1st in the U.S., U.K., Sweden and Denmark, with over 500 pairs sold in the first week. In addition the Company began working with Energy Harvester to collaborate on the development of delivering on demand power to charge wearable electronics by harnessing energy through human motion that is integrated within footwear products, giving consumers, commercial, and military users the ability to charge their mobile devices and other electronic devices and sensors, as they walk. There are several other projects in the works and new product announcements will be made over the course of the year.

On the IP front – the Company worked closely with Inventergy on the Communication protocol monetization campaign, finalizing pricing models and a list of potential licensee’s. Inventergy has announced and publicly disclosed that in early January they sent out over 100 letters and subsequently an additional 20 letters have gone out as new potential licensees were identified. The Company was also approached by a footwear company that is interested in licensing several of the GTX Corp Shoe Patents. In addition management worked with existing IP counsel to prepare filings for new patents as an ongoing effort to expand and broaden its IP portfolio.

Patrick Bertagna, GTX Corp CEO, stated, “We are mindful of the tumultuous market conditions we have experienced in the past few weeks and realize that modest growth is not enough. Expectations are high and that’s why we remain focused on building our brand and product awareness on a global scale, while growing our channels of distribution and increasing product sales and subscribers from all our product categories along with exploring new IP licensing opportunities. But we are also focusing on our future and remain convinced that footwear will become a universal wearable tech platform and our patents will ensure long term growth, success and upside for GTX Corp and its stakeholders. This is why we stay committed to developing and introducing new products, like the SmartSoles that will operate on the Verizon network or home health solutions we are currently testing which will alert you if mom got out of bed or if her doors or windows are not closed. To the MoTo – Tracker which is a low cost GPS tracker designed to work with electric vehicles for seniors such as mobility chairs and scooters. We also continue to file more patents in order to increase the value of our IP portfolio and protect the business we are building. We stay committed to developing or partnering with other companies to introduce new technologies into the market place. We have already filed patents that allow the SmartSole to have GPS and cellular technology on one foot and other sensor technology on the other foot. We have started to work with Energy Harvester to help introduce self-generating power and last year George Mason University started a medical research trial using the GPS SmartSoles to collect data in order to predict wandering patterns. Their results which are expected out shortly will establish the SmartSoles not only as a solution to wandering, but as a tool that may help predict wandering habits. Once we can predict wandering patterns, we will look into putting other types of sensors in the SmartSoles that may in the future help predict if someone is prone to Alzheimer’s or a stroke. The SmartSole footwear platform protected by a growing IP portfolio is the real value of the Company.”

Bertagna continued, “Lack of sufficient capital for inventory, human resources, R&D and infrastructure remains a challenge, but Q4 of last year generated some extra cash and in Q1 we allocated some of that cash for advertising, personnel, patent filings and R&D. Having limited capital poses a challenge between investing in immediate growth or investing to ensure our future but we remain confident that we will navigate between the two and stay the course to continue to grow the business fundamentals along with positioning the Company for things to come in the future.”

About GTX Corp

GTX Corp (GTXO) is a pioneer in Smart, Mobile and Wearable GPS, cellular and BLE tracking and recovery location based services. Through its proprietary enterprise monitoring platform and licensing, subscription recurring revenue business model, GTX Corp offers a complete end-to-end solution of hardware, software and connectivity, backed by an extensive portfolio of patents, patents pending, registered trademarks, copy rights and URL’s.   Headquartered in Los Angeles, California, with distributors servicing over 20 countries, GTX is known for its game-changing patented GPS Smart Shoe, block buster Smartphone GPS Tracking App, and award winning, patented GPS and BLE SmartSole, the world’s first, invisible wearable wander guard GPS tracking device, initially created for quick recovery of those at risk of wandering due to Alzheimer’s, dementia, autism or traumatic brain injury. GTX provides solutions that answer the “where” question: where is my mother, child, employee, vehicle, drone and high-value assets. 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. We put the “Where” in Wearable Tech.

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.

share medium GTX Corp Reports First Quarter 2017 Summary Results

GTX Corp’s GPS SmartSole Exhibited Throughout Sweden

LOS ANGELES, CALIFORNIA – May 15, 2017 – GTX Corp (OTCBB: GTXO), an IoT platform in the personal location wearable and wandering assistive technology business, has been exhibiting its flagship GPS SmartSole throughout Sweden at numerous highly attended, premier industry events over the past several months alongside the Company’s Swedish distributor, Posifon.

Posifon, an IT/telecom company that, based on app- and mobile technology, develops new services for increased welfare, had representatives demonstrating the SmartSoles at the various events highlighted below, including the opportunity to present the patented product and participate on professional panels discussing the future of healthcare and welfare in Sweden as an example of a new innovative wearable technology.

  • 10-11 May        MAS/MAR Nurse Training Days in Stockholm (Attendance: 200 persons)

sweeden1 GTX Corp’s GPS SmartSole Exhibited Throughout Sweden

  • 9-10 May          Aid Exhibition in Gävle

sweeden2 GTX Corp’s GPS SmartSole Exhibited Throughout Sweden

  • 3-4 May            Dementia Forum Gothenburg (Attendance: 1000 persons)

sweeden3 GTX Corp’s GPS SmartSole Exhibited Throughout Sweden

  • 26-27 April       Vitalis E-health Forum Including 30 minute Presentation (Attendance: 1300 persons)

sweeden4 GTX Corp’s GPS SmartSole Exhibited Throughout Sweden

  • 20 April            Aid Exhibition Linköping
  • 19 April            Welfare Exhibition Katrineholm
  • 11 April            College Guest Lecturer for a Specialized Assistant Nurse Program in Gothenburg

Including 90 min speech for nurses about products and the technology (40 persons)

  • 26-28 March   Assistive Technology Forum Gothenburg (1000 persons from various municipalities and the healthcare sector)

sweeden5 GTX Corp’s GPS SmartSole Exhibited Throughout Sweden

  • 9 February       Regional Healthcare Conference Including Panel Presentation (150 persons)

sweeden6 GTX Corp’s GPS SmartSole Exhibited Throughout Sweden

  • 24-26 January  National Meeting of Welfare Technologies in Stockholm

Including 90 min speech about our new platform and the devices in front of the 8 municipalities (2000 persons)

sweeden7 GTX Corp’s GPS SmartSole Exhibited Throughout Sweden

Furthermore, Posifon’s products, including GTX Corp’s GPS SmartSole, have been well-represented at several municipalities and authorities throughout the country, with one of the authorities of Sweden deciding to write a white paper announcing the results of its R&D project with the eight municipalities during the past year which will set the standards in Sweden. The white paper is expected to be published at the end of this year.

Andrew Duncan head of international business development for GTX Corp commented, “We are very happy to be exhibiting the GPS SmartSole at numerous industry events throughout Sweden. The Posifon team has been extremely supportive as we continue to explore new business opportunities, expand our distribution channels and launch our products into new vertical markets across the Swedish market.”

Initially created as a wander guard recovery solution for those at risk of wandering due to Alzheimer’s, dementia, autism or traumatic brain injury, the patented GPS SmartSoles are a non-visible GPS and cellular tracking device designed to monitor the location and whereabouts of people afflicted with cognitive memory disorders who have a tendency to wander, become lost and disoriented. They can also be used by people at risk of kidnapping, such as government employees and corporate executives.  The SmartSoles are a stigma free, safety and security wearable technology solution placed in the wearer’s shoes that contain a GPS tracking chip connected through Telefonica’s global cellular network that sends location information to the GTX Corp proprietary IoT platform showing the exact location of the individual wearing them. They come in several trim to fit sizes for both men and women, are water resistant, made with the highest quality German electronic components and assembled in Rhode Island, U.S.A.

About Posifon

Based in Göteborg, Sweden, Posifon AB is an IT/telecom company that, based on app- and mobile technology, develops new services for increased welfare. Positioned as an innovative company with a close connection to its customers, Posifon’s vision is that everyone, regardless of age, family situation, living situation and ability should be able to feel safe, independent and part of a community. Safety and independence means a higher quality of life. To fulfill the vision, Posifon will develop and offer adjusted mobile safety alarms with advanced additional services. Posifon is the leading player on the market for GPS based personal safety alarms, also called mobile safety alarms. Posifon also works in Norway with plans to expand further.

About GTX Corp

GTX Corp (GTXO) is a pioneer in Smart, Mobile and Wearable GPS, cellular and BLE tracking and recovery location based services. Through its proprietary enterprise monitoring platform and licensing, subscription recurring revenue business model, GTX Corp offers a complete end-to-end solution of hardware, software and connectivity, backed by an extensive portfolio of patents, patents pending, registered trademarks, copy rights and URL’s.   Headquartered in Los Angeles, California, with distributors in over 14 countries, GTX is known for its game-changing patented GPS Smart Shoe, block buster Smartphone GPS Tracking App, and award winning, patented GPS and BLE SmartSole, the world’s first, invisible wearable wander guard GPS tracking device, initially created for quick recovery of those at risk of wandering due to Alzheimer’s, dementia, autism or traumatic brain injury. GTX provides solutions that answer the “where” question: where is my mother, child, employee, vehicle, drone and high-value assets. The Company doesn’t just make and sell the best GPS tracking products, they deliver in over 35 countries, innovative, miniaturized, low power consumption wearable tech that provides safety, security and peace of mind at the touch of a button. We put the “Where” in Wearable Tech.

Online: www.gtxcorp.com     Track My Workforce | GTX Corp        www.gpssmartsole.com         

 

Social media – #withyou         #smartsole

https://www.facebook.com/gtxcorpcom

http://www.twitter.com/gtxcorp

www.linkedin.com/in/gtxcorp

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

http://instagram.com/gtxcorp

General information, investor relations, wholesale licensing, consumer purchase:

213.489.3019

info@gtxcorp.com

ir@gtxcorp.com

http://gtxcorp.com/contact-us/

Consumer Purchase of GPS SmartSoles

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.

#   #   #   #

share medium GTX Corp’s GPS SmartSole Exhibited Throughout Sweden

GTX Corp Launches New SoleProtector ™ GPS SmartSole® International Distributors participate in rollout

LOS ANGELES, CA – May 1, 2017 – GTX Corp (OTCQB: GTXO), an IoT platform and global provider of tracking and monitoring wearable and wandering assistive technology, today announced the launch of its new SoleProtector accessory for the GPS SmartSole. The SoleProtector is a disposable unique breathable and durable open cell foam structure insole cover. Specifically designed for the GPS SmartSole and made of anti-microbial / anti-fungal material that repels moisture and odor providing an extra layer of hygiene, covertness, protection and comfort.

“Our customers have been asking us to develop this since last year so we are delighted to finally launch these both in the US and across a number of European countries with our partners Possum in the UK, Posifon in Sweden and Safecall in Denmark,” commented Andrew Duncan, GTX Corp director of Business Development.

SoleProtectors provide hygiene making the GPS SmartSole transferable from one person to another, covers logos or markings making the GPS SmartSoles more stealth and discrete, and adds some comfort and overall protection similar to a case for your smartphone. As the Company plans to launch more wearable technology embedded in footwear, the SoleProtectors are a natural accessory product extension. SoleProtectors can be purchased by the pair for $7.99 or a value pack of 3 pairs for $14.99.  For distributors and wholesalers they come bundled in case packs of 10, 50 and 500 with tiered volume pricing.

The GPS SmartSole® is a non-visible GPS tracking device designed to monitor the location of people afflicted with cognitive memory disorders, such as Alzheimer’s, dementia, autism and TBI, who have a tendency to get lost or wander and for people at risk of kidnapping, such as government employees, journalists and high level executives.  The Company is also in early stage development of – SmartSole lite a lower cost, limited feature and available in children sizes GPS and Wi-Fi SmartSole.

About GTX Corp

GTX Corp (GTXO) is a pioneer in Smart, Mobile and Wearable GPS, cellular and BLE tracking and recovery location based services. Through its proprietary enterprise monitoring platform and licensing, subscription recurring revenue business model, GTX Corp offers a complete end-to-end solution of hardware, software and connectivity, backed by an extensive portfolio of patents, patents pending, registered trademarks, copy rights and URL’s.   Headquartered in Los Angeles, California, with distributors servicing over 20 countries, GTX is known for its game-changing patented GPS Smart Shoe, block buster Smartphone GPS Tracking App, and award winning, patented GPS and BLE SmartSole, the world’s first, invisible wearable wander guard GPS tracking device, initially created for quick recovery of those at risk of wandering due to Alzheimer’s, dementia, autism or traumatic brain injury. GTX provides solutions that answer the “where” question: where is my mother, child, employee, vehicle, drone and high-value assets. 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. We put the “Where” in Wearable Tech.

Online: www.gtxcorp.com Track My Workforce | GTX Corp www.gpssmartsole.com          

Social media – #withyou #smartsole

https://www.facebook.com/gtxcorpcom

http://www.twitter.com/gtxcorp

www.linkedin.com/in/gtxcorp

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

http://instagram.com/gtxcorp

General information, investor relations, wholesale licensing, consumer purchase:

213.489.3019

info@gtxcorp.com

ir@gtxcorp.com

http://gtxcorp.com/contact-us/

Consumer Purchase of GPS SmartSoles

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: 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.

#   #   #   #

share medium GTX Corp Launches New SoleProtector ™  GPS SmartSole® International Distributors participate in rollout

GTX Corp Reports 2016 Financial Results and Business Overview

Revenues increased 57%, net profit increased 139%, net losses decreased 28%, operating expenses decreased 11%

Los Angeles, Calif. – April 4, 2016– GTX Corp (OTCBB: GTXO), a pioneer and IoT provider of personal location GPS, BLE, cellular and RFID, tracking and monitoring wearable technology and wandering assistive technology, announced today commentary on the Company’s financial results and operational highlights for year-end December 31, 2016.

2016 Highlights:

  • Revenues increased 57%
  • Net Profit increased 139%
  • Operating expenses decreased 11%
  • Net Losses decreased 28%
  • Net Cash used decreased 45%
  • Domestic Subscribers increased 385%
  • International Subscribers increased 138%
  • Cash on hand increased 1,113%
  • Began IP monetization campaign
  • Completed development of next generation SmartSole
  • Signed research collaborative agreement with George Mason University (GMU)
  • Added 3 international distribution partners
  • Added 2 domestic distribution partners
  • Shipped our first military test order
  • Enterprise Magazine named GTX as one of 25 most empowering IoT companies of 2016

Management commentary:  Patrick Bertagna, GTX Corp CEO.

As highlighted above, 2016 was a positive trending year, we increased revenues and margins, while decreasing our operating expenses, losses and net cashed used. We grew the business, edging closer towards cash flow positive, especially in Q4, while managing our spending and even lowering our overall operating expenses by 11%. Some of that margin growth came from increasing our domestic and international subscriber base, which is a key contributor to our recurring revenue cash flow, and from our new IP monetization revenue stream. We managed to remain on page one in a google organic search for GPS Wearable Technology,  we added several more States in our reimbursement program, signed on several new distribution partners and we continued to receive media and industry acknowledgement.  Compared to 2015 we made basic fundamental progress that we expect to continue in 2017. What’s worth noting in 2016 was not our modest growth or prudent cash management, but the long term strategic alliances we forged with key partners such as Inventergy, Telefonica, George Mason University (GMU), Ingenu, Position Logic and RACO. These partnerships along with others that are currently being forged, are part of our overall growth strategy. Our partnership with Inventergy (NASDAQ: INVT) was a key strategic move for GTX, as that partnership gave us our first entre into IP monetization. Inventergy will also be assisting in filing ongoing claims on our 3 Comm Protocol patents, exploiting the open continuation status of that portfolio. This could be very significant in this vastly evolving connected world, and being able to keep the patents alive and add more claims while holding on to those early filing dates, some going back to 2008, before Apple even launched their first iPhone. Inventergy gave us our first infusion of IP monetization and we expect more in 2017 and well into the future, but GTX has dozens of other patents in the wearables and footwear category which we plan to monetize as well.

Partnering with Telefónica Deutschland, part of Telefónica SA group (NYSE: TEF) a Spanish multinational broadband and telecommunications provider which is one of the largest telephone operators and mobile network providers in the world, opens many opportunities for us, especially across Europe. GMU utilizing GTX technology and data in order to study wandering habits in elderly people with Alzheimer’s and dementia, this could be a game changer for the millions of people afflicted.

Looking forward, our long term growth strategy will stay the course of selling more tracking and monitoring solutions to the “needs” market – seniors with dementia or Alzheimer’s, children with autism, military, etc. Once we can scale and bring our pricing down, we will go after the wants market, which is for people who want to track and monitor their child or pet, or valuable asset, but don’t have to because of a medical condition. As we expand into broader markets we plan to introduce new solutions, such as bio metrics that will not only tell us where some is, but also tell us how someone is doing. While we continue to grow our core business down these paths, we will also be pursuing a parallel path of IP licensing. Over the years, we made very significant investments in building our IP portfolio, it is not easy or cheap to file and maintain patents and some of that is reflected in the debt and dilution we took on over the years. Even though we are still unclear of what the true long term value of our IP is and will be, what is clear is the world has caught up to our inventions. The world is now more connected than ever and millions of those connections stem from IoT and wearables, with location being at the forefront of those connections. Growing our fundamentals is imperative, but we remain confident that the IP investments we made along with aligning ourselves with key strategic partners will be our best and fastest path to fully recognizing our true value. Of course, I want to thank our board and management team, vendors, partners, shareholders and all the stakeholders that have supported us and continue with us on our journey. As a for-profit with Purpose Company, all our relationships are important and integral to our growth. Thank you for your continued support.

About GTX Corp

GTX Corp (GTXO) is a pioneer in Smart, Mobile and Wearable GPS, cellular and BLE tracking and recovery location based services. Through its proprietary enterprise monitoring platform and licensing, subscription recurring revenue business model, GTX Corp offers a complete end-to-end solution of hardware, software and connectivity, backed by an extensive portfolio of patents, patents pending, registered trademarks, copy rights and URL’s.   Headquartered in Los Angeles, California, with distributors in over 14 countries, GTX is known for its game-changing patented GPS Smart Shoe, block buster Smartphone GPS Tracking App, and award winning, patented GPS and BLE SmartSole, the world’s first, invisible wearable wander guard GPS tracking device, initially created for quick recovery of those at risk of wandering due to Alzheimer’s, dementia, autism or traumatic brain injury. GTX provides solutions that answer the “where” question: where is my mother, child, employee, vehicle, drone and high-value assets. The Company doesn’t just make and sell the best GPS tracking products, they deliver in over 35 countries, innovative, miniaturized, low power consumption wearable tech that provides safety, security and peace of mind at the touch of a button. We put the “Where” in Wearable Tech.

Online: www.gtxcorp.com Track My Workforce | GTX Corp www.gpssmartsole.com          

Social media – #withyou #smartsole

https://www.facebook.com/gtxcorpcom

http://www.twitter.com/gtxcorp

www.linkedin.com/in/gtxcorp

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

http://instagram.com/gtxcorp

General information, investor relations, wholesale licensing, consumer purchase:

213.489.3019

info@gtxcorp.com

ir@gtxcorp.com

http://gtxcorp.com/contact-us/

Consumer Purchase of GPS SmartSoles

GTX Corp United Kingdom

In the UK, GTX Corp operates from its London office. For more information, please contact: Nelson Skip Riddle:

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, especially in reference to IP monetization and strategic partners. 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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share medium GTX Corp Reports 2016 Financial Results and Business Overview

GTX Corp Signs Collaboration Agreement with Energy Harvesters LLC

Wearable Tech SmartSoles to be Powered through Human Motion

LOS ANGELES, CA – March 22, 2017 – GTX Corp (OTCQB: GTXO), an IoT platform and global provider of personal location GPS, BLE, cellular and RFID, tracking and monitoring wearable and wandering assistive technology and Energy Harvesters LLC, a Boston-based socially responsible company committed to delivering on demand power to charge wearable electronics by harnessing energy though human motion, announced today signing a Memorandum of Understanding to explore incorporating Energy Harvesters’ patented Walking Charger™ with the GPS SmartSole® and other wearable tech and IoT products within the GTX family of wearable footwear technology.

The Walking Charger™ is a patented power generating device that is integrated within footwear products, giving consumers, commercial, and military users the ability to charge their mobile devices and other electronic devices and sensors, as they walk.  When using the Walking Charger™ wearers become their own personal power source, opening up many opportunities for embedding electronics inside of footwear.

Lawrence Grumer, CEO of Energy Harvesters stated, “We are excited to expand our applications and bring our solution for the continual charging of mobile electronic devices into the healthcare-assistive market by collaborating with GTX Corp., whose GPS SmartSole® product addresses the global problem of wandering due to memory impairments such as Alzheimer’s, dementia, autism, and traumatic brain injury.”

“Keeping IoT wearable electronic devices charged is essential in our highly connected and mobile lives, but keeping our GPS SmartSoles charged just by walking is a game changer,” stated Andrew Duncan, GTX Corp director of Business Development. Many of our customers have been asking for ways to extend battery life, so we look forward to working with Larry and his team on this collaboration project and successfully testing the Walking Charger with our line of wearable footwear technology.”

GTX Corp has been at the forefront of wearable tech for over a decade and holds numerous patents in the field of wireless communications and embedding miniaturized electronics inside footwear. With several footwear wearable tech products in the market place and more expected out this year, the Company’s patented flagship GPS SmartSoles are a perfect fit for this type of technology. The SmartSoles  come in several trim to fit sizes for both men and women, are water resistant, made with the highest quality German electronic components and assembled in Rhode Island, U.S.A.

About Energy Harvesters LLC

Energy Harvesters LLC is bringing a disruptive technology to the wearables market with their patented Walking Charger™ to give people the ability to charge their mobile electronic device batteries anytime, anywhere from their own walking. It provides direct and immediate power to a wide range of portable electronic applications including smartphones and other devices including Internet of Things (IoT) sensors, GPS locators, welfare-assistive devices, sports and health monitoring devices, and connected worker solutions.

Online: www.energyharvesters.com

About GTX Corp

GTX Corp (GTXO) is a pioneer in Smart, Mobile and Wearable GPS, cellular and BLE tracking and recovery location based services. Through its proprietary enterprise monitoring platform and licensing, subscription recurring revenue business model, GTX Corp offers a complete end-to-end solution of hardware, software and connectivity, backed by an extensive portfolio of patents, patents pending, registered trademarks, copy rights and URL’s.   Headquartered in Los Angeles, California, with distributors in over 14 countries, GTX is known for its game-changing patented GPS Smart Shoe, block buster Smartphone GPS Tracking App, and award winning, patented GPS and BLE SmartSole, the world’s first, invisible wearable wander guard GPS tracking device, initially created for quick recovery of those at risk of wandering due to Alzheimer’s, dementia, autism or traumatic brain injury. GTX provides solutions that answer the “where” question: where is my mother, child, employee, vehicle, drone and high-value assets. The Company doesn’t just make and sell the best GPS tracking products, they deliver in over 35 countries, innovative, miniaturized, low power consumption wearable tech that provides safety, security and peace of mind at the touch of a button. We put the “Where” in Wearable Tech.

Online: www.gtxcorp.com Track My Workforce | GTX Corp www.gpssmartsole.com          

 

Social media – #withyou #smartsole

https://www.facebook.com/gtxcorpcom

http://www.twitter.com/gtxcorp

www.linkedin.com/in/gtxcorp

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

http://instagram.com/gtxcorp

General information, investor relations, wholesale licensing, consumer purchase:

213.489.3019

 

info@gtxcorp.com

ir@gtxcorp.com

http://gtxcorp.com/contact-us/

Consumer Purchase of GPS SmartSoles

 

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: 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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share medium GTX Corp Signs Collaboration Agreement with Energy Harvesters LLC

GTX Corp CEO Patrick Bertagna discusses the exciting events taking place in Europe March 2017

Patrick Bertagna, CEO of publicly traded GTX Corp (GTXO), discusses the exciting events taking place in Europe with CeBIT, Telefonica and the Longevity Network. GTX Corp continues its growth across the globe with its innovative GPS Wearable Tech Devices, strong patent portfolio worth millions and partnerships with successful companies.

 

For more information on the GTX Corp family of products and services visit http://gtxcorp.com    www.gpssmartsole.com      www.trackmyworkforce.net    www.codeamberalertag.com www.locimobile.com

GTX Corp, With You

share medium GTX Corp CEO Patrick Bertagna discusses the exciting events taking place in Europe March 2017

GPS SmartSole at CeBIT 2017

LOS ANGELES, CALIFORNIA –March 15, 2017 – GTX Corp (OTCBB: GTXO), an IoT platform in the personal location wearable and wandering assistive technology business, will be showcasing its flagship GPS SmartSole at CeBIT in Hannover Germany March- 20 – 24 on the Telefónica Deutschland  stand in Hall 12, Stand D49.

CeBIT is the largest and most internationally represented computer expo, with over 200,000 participants and is the world’s largest gathering of leading edge technology companies. Held in Hannover, Germany each year on the Hannover fairground, it is considered a barometer of current trends and a measure of the technology industry. Telefónica Deutschland is part of Telefónica SA group (NYSE: TEF) a Spanish multinational broadband and telecommunications provider with operations in Europe, Asia, North, Central and South America, and is one of the largest telephone operators and mobile network providers in the world. Presenting the latest developments around the theme of connectivity and showcasing the GPS SmartSole, GTX Corp’s flagship patented wearable tech product, along with other unique and flexible business solutions in the areas of Machine 2 Machine (M2M) and the Internet of Things (IoT).

“We are excited to be demonstrating the GPS SmartSole on our stand at CeBIT, it is one of the unique and innovative M2M products that we are proud to help bring to market,” says Dirk Grote, Director B2B of Telefónica Deutschland.

 

In addition to the Telefónica staff, Eric Gnass, CEO of way4net, the German distributor for the GPS SmartSoles will be in attendance and demonstrating the SmartSoles. Eric commented, “The GPS SmartSole continues to build strong recognition in Germany as an innovative and essential product for those caring for people with Alzheimer’s, dementia and other cognitive memory disorders which may cause a tendency for people to wander and go missing. We welcome the opportunity to work with the Telefónica Deutschland team to explore new opportunities together.”

 

Andrew Duncan head of international business development for GTX Corp commented, “We are very happy to be exhibiting the GPS SmartSole at CeBIT with Telefónica. The Telefónica Deutschland team has been extremely supportive as we continue to explore new business opportunities, expand our distribution channels and launch new products into new vertical markets across Germany, the UK and Scandinavia. We look forward to meeting existing and new partners and customers at the show.”

Initially created as a wander guard recovery solution for those at risk of wandering due to Alzheimer’s, dementia, autism or traumatic brain injury, the patented GPS SmartSoles are a non-visible GPS and cellular tracking device designed to monitor the location and whereabouts of people afflicted with cognitive memory disorders who have a tendency to wander, become lost and disoriented. They can also be used by people at risk of kidnapping, such as government employees and corporate executives.  The SmartSoles are a stigma free, safety and security wearable technology solution placed in the wearer’s shoes that contain a GPS tracking chip connected through Telefonica’s global cellular network that sends location information to the GTX Corp proprietary IoT platform showing the exact location of the individual wearing them. They come in several trim to fit sizes for both men and women, are water resistant, made with the highest quality German electronic components and assembled in Rhode Island, U.S.A.

About Telefónica Deutschland

Telefónica Deutschland Holding AG, with its operationally active subsidiaries Telefónica Germany GmbH & Co. OHG and E-Plus Mobilfunk GmbH, is listed at the Frankfurt Stock Exchange in the Prime Standard. Through its brand O2 as well as several secondary and partner brands, the company offers postpaid and prepaid mobile telecommunications products as well as innovative mobile data services based on the GPRS, UMTS and LTE technologies to private and business customers in Germany. As an integrated communications provider it also offers fixed network products, such as DSL telephony for private customers, as well as innovative IP telephony and networking solutions for business customers. Telefónica Deutschland’s product range is rounded off with modern high-speed internet products. With 49.3 million accesses (as of 31st December 2016), the company is one of the three leading integrated telecommunication providers in Germany. In the mobile segment alone, Telefónica Deutschland is responsible for 44.3 million lines – making it the German market leader. Revenue in the financial year 2016 totalled EUR 7.50 billion. Telefónica Deutschland is part of the Spanish telecommunications group Telefónica S.A., headquartered in Madrid. With a presence in 21 countries and a customer base of 350 million accesses, Telefónica Group is one of the largest telecommunications companies around the world.

About GTX Corp

GTX Corp (GTXO) is a pioneer in Smart, Mobile and Wearable GPS, cellular and BLE tracking and recovery location based services. Through its proprietary enterprise monitoring platform and licensing, subscription recurring revenue business model, GTX Corp offers a complete end-to-end solution of hardware, software and connectivity, backed by an extensive portfolio of patents, patents pending, registered trademarks, copy rights and URL’s.   Headquartered in Los Angeles, California, with distributors in over 14 countries, GTX is known for its game-changing patented GPS Smart Shoe, block buster Smartphone GPS Tracking App, and award winning, patented GPS and BLE SmartSole, the world’s first, invisible wearable wander guard GPS tracking device, initially created for quick recovery of those at risk of wandering due to Alzheimer’s, dementia, autism or traumatic brain injury. GTX provides solutions that answer the “where” question: where is my mother, child, employee, vehicle, drone and high-value assets. The Company doesn’t just make and sell the best GPS tracking products, they deliver in over 35 countries, innovative, miniaturized, low power consumption wearable tech that provides safety, security and peace of mind at the touch of a button. We put the “Where” in Wearable Tech.

Online: www.gtxcorp.com Track My Workforce | GTX Corp www.gpssmartsole.com          

 

Social media – #withyou #smartsole

https://www.facebook.com/gtxcorpcom

http://www.twitter.com/gtxcorp

www.linkedin.com/in/gtxcorp

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

http://instagram.com/gtxcorp

General information, investor relations, wholesale licensing, consumer purchase:

213.489.3019

 

info@gtxcorp.com

ir@gtxcorp.com

http://gtxcorp.com/contact-us/

Consumer Purchase of GPS SmartSoles

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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share medium GPS SmartSole at CeBIT 2017