GTX Corp Second Quarter 2017 Results

LOS ANGELES, CA – August 17, 2017 – GTX Corp (OTCQB: GTXO), an IoT platform and provider of personal location GPS wearable technology and wandering assistive technology, announces financial summary for the second quarter ending June 30, 2017.

Second Quarter and Six Month Highlights

  • Product revenues increased by 28% over 2016 comparable period

  • International subscribers increased by 37% over 2016 comparable period

  • Combined total revenues increased 8% over 2016 comparable 6 month period

  • Net service income increased 97% over 2016 comparable period

  • Gross margins increased 23% over 2016 comparable 6 month period

  • Net loss decreased 21% over 2016 comparable 6 month period

Overall product revenues were up 28%, however total revenues and product revenues were lower than expected this quarter due to a technical issue with the Company’s first production run of version 1.5 SmartSole. GTX Corp was able to resolve the issue; however not until after the quarter ended, hence 300 units which were expected to ship before June 30th shipped after the quarter ended, lowering the Company’s product and overall revenues for the second quarter. The issue has been completely resolved and is not expected to have any further impact on future production runs.

On the R&D front, the Company began several new projects and made significant progress on current projects. First being a CDMA version of the SmartSole that is being developed to operate on the Verizon network throughout North America. The Company is in the final phase of development and pre-production testing both internally and with evaluation units in the field with sales representatives, customers and potential new customers. The second R&D project is a “SmartSole lite,” which will have a lower selling price with perhaps as much as 50% lower cost and be available in children sizes. This “lite” product is being created for lower disposable income markets and for individuals that are not just “at risk” of wandering due to Alzheimer’s or autism, but rather more for general population use. Think moms that want to keep track of their kids.

GTX Corp is also continuing to invest in R&D with sensor technology and predictive analytics and has begun working on bio–metric technology which will monitor gait, activity, weight and heart rate. The Company has been in discussion with customers, strategic partners, academia and the senior housing and caregiving communities all of which have confirmed there is a need for a smart wearable technology to combine location monitoring with bio-metrics into one non-invasive wearable product such as the SmartSole. The Company has also filed a patent for these combined technologies and continues to work on expanding its IP portfolio by adding more patents and working with its strategic partner, Inventergy, on monetizing three of its patents in the Comm protocol 286 family.

During the second quarter, the Company continued expanding its sales channels internationally and domestically, signing up new distributors and exploring opportunities in Japan, Hong Kong, Chile, Spain and the Middle East and attended several large trade shows in the U.S. and Europe. GTX hired two additional account representatives to manage the Company’s reseller programs in the U.S., Latin America and the Caribbean.

This quarter GTX also launched the SoleProtector which keeps the SmartSole hygienically clean, covers logos or markings making the GPS SmartSole more stealth and discrete, and adds some comfort and overall protection. All of these features have been requested by many of the Company’s B2B customers and consumers. As the Company plans to launch more wearable technology footwear, the SoleProtectors are a high margin accessory product extension. GTX Corp has also began shipping its Take-Along Tracker 3G GPS, SOS and voice-activated tracking device to its international distributors, which are introducing this solution for the lone worker government mandates in many European countries.

As the trend to use technological innovations to help seniors live longer and more fulfilling lives continues to grow around the world (generally referred to as the Aging 2.0 movement), GTX continues to look ahead on creating new products and solutions and working with partners that will help the Company grow in the future. One such partner, George Mason University, completed the first phase of wandering predictive research utilizing the GTX IoT platform and data, and a two-stage spatiotemporal clustering algorithm which correctly predicted a users’ location 87% of the time. This high level of initial success in accurate wandering prediction has enabled George Mason University to file for a much larger phase II grant. The preliminary research will be made available to GTX Corp, which will consider deploying the prediction algorithms into its backend monitoring platform, adding yet another layer of technology and overall value to the Company’s IoT tracking platform and monitoring services. As mass numbers of Baby Boomers who need care begin to outnumber those able to help them, the need for research and technology solutions will continue to grow, hence GTX is also exploring developing a data collection only SmartSole, that would be much lower in cost and could be used on wide scale research programs and clinical trials.

Patrick Bertagna, GTX Corp CEO, commented, “By most measurable metrics we continue to make forward progress, increasing our sales, expanding our distribution channels, growing our subscriber base, increasing our margins, developing and launching new products, exploring new revenue generating opportunities and growing our IP portfolio, while maintaining our operational costs and cash burn to a minimum. As we continue to work on all of these fronts, adding customers, partners, patents and products, we are also keeping an eye on our true value proposition which is our ‘wearable footwear platform’ and all of our IP surrounding it. Tech footwear is gaining traction and lots of small and large companies are entering this space. Recently Techflier.com listed the 13 top smart shoes, with the SmartSole recognized as number six on the list and Fujitsu announced launching Interactive Shoe Hub, highlighting the art of the possible by combining electronics and footwear. Our focus to date has been around location based wearable tech and being able to let you know where someone is at the touch of a button, but our universe is evolving.”

In describing the Company’s future, Mr. Bertagna continued, “There are many more solutions that can be delivered from smart footwear, such as predictive analytics and bio-metrics. Our experience, knowhow, patents and global partners has and will continue to present us with new opportunities. Our history and team has demonstrated we can move and react quickly to new market opportunities, leveraging our assets, while keeping our expenses low. We realize everyone has high expectations and we would all like to see triple digit growth every quarter, however we are still a small emerging, but underfunded company operating on a global stage with minimum resources. In this large and growing market we have manged to forge relationships with small to fortune 1,000 companies, manufacture and sell products across the globe in over 35 countries, ideate and innovate, launch new products and grow our IP portfolio, while for the most part delivering single and double digit growth in most measurable metrics over the past 12 quarters. As we drive towards cash flow positive by adding more subscribers, we are also evaluating new opportunities to create additional revenue streams and shareholder value from all of our assets. I want to thank our team, shareholders, stakeholders, partners and vendors 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, 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 #connectedandprotected

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 SmartSole

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. 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 Second Quarter 2017 Results

GTX Corp Receives a 4 Star Rating from Leading Industry Magazine

4star GTX Corp Receives a 4 Star Rating from Leading Industry MagazineThe U.K.’s favorite disability lifestyle publication, Able Magazine, has awarded GTX’s U.K. distributor, Possum, a 4 star rating for the patented wander recovery GPS SmartSole®

LOS ANGELES, CALIFORNIA – August 2, 2017 – GTX Corp (OTCBB: GTXO), an IoT platform in the personal location wearable and wandering assistive technology business, and its U.K. distributor, Possum, have been awarded with a 4 star product rating for the patented GPS SmartSole® by the U.K.’s favorite disability lifestyle publication, Able Magazine,  making it the Company’s third internationally recognized award received in just the past month.

Able Magazine reviews the best products in the marketplace in order to give disabled people a bench mark to look for as they purchase new disability specific equipment and assistive technology. Products are rigorously tested in four areas and given an overall score based on how they were judged regarding the following criteria: how well the product is made and how user friendly it is, if it looks good, how innovative it is and if it represents good value for money.

Editor of Able Magazine, Tom Jamison, commented, “We take great care to see things from the disabled person’s point of view. It’s not just about how well a product works, it’s about ‘can I live with it?’ ‘Does it look good?’ Great products bring together form and function, be it a new car or a simple gadget to make life that little bit easier. It’s great when we see a cracking product like the GPS SmartSole that will genuinely help a disabled person in their day-to-day life.”

Able Magazine has been writing about disability issues and the best in disability products for over 20 years and has developed a trusted voice within the disability community. Gaining a star rating means that the product will be showcased in the publication and in front of a readership of disabled people and their caretakers who want to make informed choices regarding their purchases.

Phil Iles, Sales Manager U.K. & Eire for Possum, stated, “The reception of the GPS SmartSole has been very favorable amongst caregivers and physio therapists looking after those with cognitive disorders like Alzheimer’s and dementia. This award is a great honor and a significant step forward in the process of building product awareness and acceptance in the marketplace.”

“We are truly honored to have received such a prestigious award from Able Magazine which is such a recognized authority in the area of disability care,” commented Andrew Duncan, President of Business Development at GTX Corp. “We appreciate the recognition this brings to our innovative product line of smart wearable technology.”

GTX Corp’s patented GPS-enabled “smart” insoles are a discreet and convenient tracking and recovery GPS device that fits easily into most shoes. The GTX SmartSole delivers peace of mind for family members or caregivers by providing real-time location monitoring of loved ones including the millions of people suffering from memory impairment or wandering as a result of Alzheimer’s, dementia, autism, traumatic brain injury, or other cognitive memory disability.

Known for its game-changing, multi-award-winning patented GPS SmartSole and Smartphone GPS Tracking App, GTX has previously been recognized and granted numerous other awards and accolades by prestigious organizations, including most recently honored as the winner of Technology Media Telcoms (TMT) News Magazine’s “Best Wearable Technology Company – USA” and “Most Innovative Tracking & Recovery Technology”, highlighted in AARP top 10 best new technologies for seniors, receiving a special mention in a Google white paper, the People’s Choice Award for most innovative connected device, being nominated for the 100 Most Important Inventions of Mankind, exhibited in the Technology Museum of Sweden, included in Entrepreneur Magazine’s top 100 Brilliant Companies, identified by ABI Research as ‘paving the way into the next billion dollar market’ and as the 2nd Place Winner (between Microsoft-1st, and Samsung-3rd,) in the 2015 CTIA E-Tech Awards in the “Wearables, Health, Fitness & Wellness” category, to name a few.

GTX Corp has been at the forefront of wearable technology for over a decade and holds numerous patents in the field of wireless communications and embedding location based and bio metric 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 platform or app, 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 Able Magazine

Able Magazine has been published in the UK for over 20 years, and is independently owned, managed and uses in-house expertise to judge products on their merits. The publication is widely regarded as the UK’s favorite disability publication with a circulation of 30,000 copies every eight weeks and a popular website: www.ablemagazine.co.uk. The magazine remains popular because of its information rich content and positive editorial framework based on its long-established slogan: ‘What disabled people can do, not what they can’t’.

About Possum

Founded in Buckinghamshire in 1961, Possum is a market leader in the provision, installation and support of many types of Electronic Assistive Technology. These include Environmental Control Systems, Telecare, Telehealth and TECS (Technology Enabled Care and Support Services). Possum has a strong established customer base in the National Health Service, Social Services and Local Authorities and also works with reseller partners to make this exciting technology more widely available.

Possum Limited contact details:

+44 (0)1296 461000

info@possum.co.uk

telecarenews@possum.co.uk

https://twitter.com/PossumLtd

https://www.facebook.com/Possum/

https://www.linkedin.com/company/possum-ltd-

www.possum.co.uk

 

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  #ConnectedandProtected

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. 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 Receives a 4 Star Rating from Leading Industry Magazine

GTX Corp Expands Sales Channels Launches Affiliate Program for GPS SmartSoles®

10 Premiere Affiliates Added in the First Week, Increasing Direct Consumer Sales

LOS ANGELES, CALIFORNIA – MARCH 5, 2015 – GTX Corp. (OTCBB: GTXO), a pioneer and global provider of personal location wearable technologies, is pleased to announce the launch of its affiliate program for its flagship GPS SmartSoles.  The affiliate program was launched in partnership with ShareASale, a U.S. based online marketing program management firm.

Andrew Duncan, Director of Business Development for GTX Corp, commented, “The launch of our domestic affiliate program provides additional exposure and sales channels for our patented SmartSoles.  We are pleased to have added high profile affiliates in the first week, including The Alzheimer’s Store to our selective list.  As we continue to build out our direct to consumer marketing strategy, the ability to access consumers where they shop online, through trusted affiliates, is paramount in today’s rapidly growing online buying community. Using the internet to share the SmartSole story and drive sales is a key component to consumer acquisition. We are pleased to have partnered with ShareASale and look forward to delivering our mission of providing safe and affordable monitoring solutions for those with cognitive memory disorders who have a tendency to wander”

The SmartSole affiliate program is being managed in partnership with ShareASale, an affiliate marketing network based in Chicago that has been in business since 2000 facilitating internet sales for brands such as: Adidas, Reebok, Fitbit and hundreds of thousands more.

“As we continue to execute on our broader SmartSole distribution plan with both B2B large organizations and B2C individual consumers, the launch of our affiliate program strengthens our U.S. presence and provides new outlets for direct to consumer retail sales,” commented Patrick Bertagna, CEO of GTX Corp. In addition, the affiliates will help garner more brand exposure, product awareness and provide support and visibility for our regional sales reps and larger national pilots currently underway.”

The Company has already received over 250 inquiries from potential affiliates and has selected 10 so far, with a goal to bring on an additional 90 by Q2. Each affiliate is properly reviewed and once approved will begin to earn 15% commission to start and top producers can earn even more. To apply or learn more about the SmartSole affiliate program click here.

About GTX Corp

GTX Corp (GTXO) is a pioneer in wearable technology and a leader in enterprise 2 way GPS real-time personal location based services. Founded in 2002, headquartered in Los Angeles, California and known for its game-changing and award-winning patented GPS Smart Shoe, its blockbuster Smartphone GPS Tracking App, and GPS SmartSole, GTX provides solutions that answer the where question: where is my mother, child, pet, vehicle 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, 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

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 email:

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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share medium GTX Corp Expands Sales Channels Launches Affiliate Program for  GPS SmartSoles®

GTX Corp Enters Security Market with Patented GPS SmartSole™

Jack Brewer articulates the power of GPS SmartSoles providing a real sense of security in today’s uncertain world.

LOS ANGELES, CALIFORNIA AND MINNEAPOLIS, MINNESOTA – SEPTEMBER 23, 2014 – GTX Corp. (OTCBB: GTXO), a pioneer and global provider of personal location wearable technologies, will break into the personal security market this week with its patented GPS SmartSole™. The ingenious SmartSole tracking system, originally created for people at risk of wandering due to cognitive memory disorders such as Alzheimer’s, dementia, autism, TBI and more will now help protect journalists, diplomats, ambassadors, avid business travelers and other high-profile individuals who travel to dangerous or remote regions of the world by keeping their loved ones and co-workers updated on their whereabouts, no matter where they go.

 

The dangers that members of the media and international professionals face overseas has never been more clear, especially in light of recent unfortunate events. GTX Corp knows their innovative SmartSoles can provide a much-needed solution to these rising security concerns. The GPS-equipped shoe insoles provide wearers an extra opportunity to let their associates and loved ones know they’re safe through GPS and cellular monitoring technology—and provide users a chance to act fast in response should the unthinkable happen.

 

The GPS SmartSoles’ miniaturized proprietary GPS/cellular chipset and SIM card is unique to each wearer. The GPS SmartSoles communicate via cellular networks and send location coordinates through a wireless data connection, similar to sending SMS messages on a cell phone. This system creates a safety net of unprecedented reliability for its users.

 

GTX Corp encourages you to check out their new testimonial video, created in partnership with The Brewer Group, Inc. (TBG), a global advisory firm, as it begins promoting the GPS SmartSoles for the personal security market. His Excellency Ambassador Jack Brewer, CEO of TBG and SmartSole brand advocate, goes on record with his personal views on the importance of feeling secure during business travels. Together, GTX and TBG will propel the SmartSole technology to the forefront of the security market, forming new strategic partnerships and securing endorsement deals within TBG’s extensive network which will highlight and enhance global awareness of the SmartSoles’ and their security benefits.

 

Patrick Bertagna, Chairman and CEO of GTX Corp commented, “First we want to thank Jack and his team for helping us create awareness in this new vertical application for the SmartSoles. We believe the personal security market has big potential, especially in light of all that is happening in the world with journalists, high profile individuals and international travelers. Heightened security has become top of mind as global uncertainty grows. In the event of the unthinkable happening, time is your best hope, so knowing in near real-time if someone has gone missing maximizes their chance of a safe recovery. Our GPS SmartSoles were originally created to monitor the whereabouts of individuals at risk of wandering with the intent to quickly and safely recover them.  The security market is a direct extension of our core purpose, providing a seamless solution for a newly at risk audience of being at the wrong place at the wrong time.”

View Jack Brewer Highlights Security in GTX Corp’s GPS SmartSoles™ on YouTube here.

 

About GTX Corp

 

GTX Corp (GTXO) is a pioneer in wearable technology and a leader in enterprise 2 way GPS real-time personal location based services. Founded in 2002, headquartered in Los Angeles, California and known for its game-changing and award-winning patented GPS Smart Shoe, its blockbuster Smartphone GPS Tracking App, and GPS SmartSole, GTX provides solutions that answer the “where is” question: where is my mother, child, pet, vehicle and high value assets.

 

Through a robust enterprise platform and licensing business model the Company offers a complete end to end solution of location based hardware, middleware, apps, connectivity and professional services. Letting you know where or how someone or something is at the touch of a button, delivering security and peace of mind in an instant. GTX Corp also owns and operates LOCiMOBILE, Inc which develops applications for smart phones and tablets and Code Amber Alertag. The Company has a comprehensive intellectual property strategy and owns an extensive portfolio of patents, patents pending, registered trademarks, copy rights and URL’s.

 

Online: www.gtxcorp.com http://www.facebook.com/gtxcorpcom -http://www.twitter.com/gtxcorp

 

Product and licensing email: info@gtxcorp.com or http://www.gtxcorp.com/about/licenseinquiry

 

Investor Relations: ir@gtxcorp.com www.stockr.com/gtxo

 

About The Brewer Group

 

The Brewer Group, Inc. (TBG) is a multifaceted global advisory firm established in 2005 to provide tailored services including investment advisory and capital markets advisory for public and private companies spanning multiple sectors as well as for high-profile clientele such as athletes, entertainers and world leaders. TBG uses the resources of its experienced, dedicated staff and leverages a network of the world’s premier institutions to bring clients first-rate advisory services and unparalleled access around the globe. Headquartered in Minneapolis, MN, TBG’s divisions include: Brewer Capital Management, LLC (BCM), Brewer Sports International, LLC (BSI) and The Jack Brewer Foundation (JBF Worldwide). The Brewer Group prides itself on delivering innovative solutions to clients’ needs while giving back to communities through the JBF Worldwide corporate social responsibility initiatives. For further information, please visit www.thebrewergroup.com.

 

Contact

Kristi Hofacker

Director of Interactive Marketing and Media

kristi.hofacker@thebrewergroup.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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share medium GTX Corp Enters Security Market with Patented GPS SmartSole™

GTX Corp Announces Initial European Order for SmartSoles

Los Angeles, Calif. – May 8, 2014 – GTX Corp. (OTCQB: GTXO), a leading global provider of personal location wearable technologies, is pleased to announce the receipt of a volume purchase order for its flagship SmartSole line of products from European distributor, Tracker.ch AG.

 

Since announcement of its new SmartSole line, GTX has been selectively rolling out a pilot program with interested and qualified industry leaders. With initial positive results in hand, GTX has now received its first significant international purchase order for 850 units of the Company’s flagship GPS SmartSoles, BLE SmartSoles, and Bluetooth cube accessories and is expected to begin shipping in July 2014.

 

The order was placed by one of our international distributors, Tracker.com, which was one of the first to participate in the pilot,” commented Patrick Bertagna, CEO of GTX Corp. They are a leader in the Swiss market place for personal tracking and understand the product and end user requirements very well and based on their feedback and the feedback we have been receiving from other pilot participants, we expect to announce more orders and additional pilots in the near future.”

 

Guido Honegger, CEO of Tracker.ch AG., commented, “Tracker.com has been selling personal tracking solutions for the past 4 years and the SmartSole line addresses a significant need for Europeans that have seen a rise in Alzheimer’s, dementia and autism. We are thrilled to be working with GTX on deploying these innovative products throughout the Swiss community and we are especially pleased to be the first European distributor introducing the line of SmartSoles that are water resistant and come with wireless inductive charging.”

 

With the recent media coverage on wearable tech and the GTX patented GPS and Bluetooth SmartSole technology tailored for persons with cognitive memory disorders, the Company has received a wide range of domestic and international interest from distributors, foundations, organizations specializing in Alzheimer’s and Autism, assisted living facilities, police departments, the press and consumers. The Company plans to continue to work with these potential channel partners, enroll more pilot programs throughout the summer, and then officially open the launch to consumers.

 

Mr. Bertagna continued, “For now we are focused on building our partner network and working with our supply chain partners in order to ensure a proper flow of product with the highest degree of quality. Our products – whether embedded, stand alone or digital – are being used all around the world empowering people to monitor family, friends and co-workers. Many of our solutions, and especially the SmartSoles, address people’s lives and wellness, so we are taking all the necessary steps to ensure the highest standard of quality. We look forward to further enhancing our relationship with tracker.com and will continue to pursue domestic and international relationships as we augment our sales and distribution channels.”

 

 

About GTX Corp

GTX Corp (GTXO) is a pioneer in wearable technology and a leader in enterprise 2 way GPS real-time personal location based services. Founded in 2002, headquartered in Los Angeles, California and known for its game-changing and award-winning patented GPS Smart Shoe, its block buster Smartphone GPS Tracking App, and GPS SmartSole, GTX provides solutions that answer the “where is” question: where is my mother, child, pet, vehicle and high value assets.

Through a robust enterprise platform and licensing business model the Company offers a complete end to end solution of location based hardware, middleware, apps, connectivity and professional services. Letting you know where or how someone or something is at the touch of a button, delivering security and peace of mind in an instant. GTX Corp also owns and operates LOCiMOBILE, Incwhich 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.

Online: www.gtxcorp.comhttp://www.facebook.com/gtxcorpcom- http://www.twitter.com/gtxcorp

Product and licensing e mail – info@gtxcorp.comor http://www.gtxcorp.com/about/licenseinquiry

Investor Relations ir@gtxcorp.com www.stockr.com/gtxo

More information on the product launch in Switzerland: www.tracker.com/smartsole

TRACKER.COM
Mr. Vorname Sowieso
+41 43 543 43 88
vorname.sowieso@tracker.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 Announces Initial European Order for SmartSoles

GTX Corp Comments on 2013 Performance and Positioning for 2014

 

Los Angeles, Calif. – April 16, 2014 – GTX Corp. (OTCQB: GTXO), a leading provider of personal location wearable technologies, announced today commentary on the Company’s performance for last year and what shareholders can expect as it moves into the future.

 

2013 Milestones:

 

  • Began R&D of GPS and BLE SmartSoles – the next generation of wearable technology
  • Hired German based engineering firm
  • Introduced wireless inductive charging
  • Signed a manufacturing agreement with Atlantic Footcare
  • Signed a European distribution agreement with Swiss based Tracker.com
  • Strengthened our intellectual property position in wearable technology, with now over 80 patents and new trade mark filings
  • Secured institutional financing to support our business

 

2013 was a transformative year for GTX as it planned its transition from licensing its technology platform to bringing it back in house in order to control all aspects of product design, manufacturing, sales and distribution. The milestones achieved in 2013 positioned the Company to capitalize on the growing opportunities that are now presenting themselves in the first half of 2014 and will carry forward well into 2015. A recent study by IDC indicates that sales of wearable devices are expected to grow significantly in the next 5 years, from approximately 19 million units in 2014 to nearly 112 million units by 2018.

 

As we move into 2014, our focus has completely shifted into product development and market penetration for our core suite of wearable technology solutions,” stated Patrick Bertagna, GTX Corp CEO.

 

To understand the significance of where the Company is today, it’s worth noting our products and business model. In the simplest of terms, our products help find people and things and our business model involves selling those tracking products along with a monthly service plan. By offering three distinct product lines, through as many different channels, we can best monetize our tracking and monitoring platform and its associated monthly service plans. We measure our own performance by the number of tracking products deployed in the field, and subsequently the number of those products that have active subscribers providing monthly recurring revenues. It’s the razor/razor blade model.”

 

Mr. Bertagna continued, “In 2014, GTX will focus on clearly marketing our three commercial ready base product lines: Embedded, All purpose, and Digital in both B2B and B2C channels across the globe.

 

The ‘embedded’ category includes products where our technology is hidden within a consumer friendly form factor. The best example of this implementation was our GPS Smart Shoe which evolved into our flagship next generation SmartSole line of insoles, where we offer GPS and Bluetooth tracking solutions for the cognitive memory disorder markets (Alzheimer’s, Autism, Dementia, and TBI) all of which have high tendencies to wander. Currently there are 100 million people worldwide who are part of this group and that number is expected to reach 277 million by 2050. We continue to believe that the approach of delivering wearable technologies to this challenged growing population, which are subtle to the user and seamless to the caregiver, by being embedded in consumer friendly wearable’s like shoes, is the most effective way to make sure the product is ready and available when its needed most. It’s ‘sticky’ where no other product is. We are seeing validation of our approach across the board, from the most recent media attention the SmartSoles have garnered, to the interest from assisted living facilities, and the recommendation of our products by Alzheimer’s and Autism organizations along with law enforcement agencies that end up responsible for tracking down wanderers.

 

In our ‘all purpose’ category, we offer a myriad of miniaturized low power consumption tracking devices that can be used as desired by consumers or businesses seeking to track something or someone of value. Our recently announced VL2000 (the Take Along Tracker) is our most advanced and flexible unit to date. Our all purpose products are used to track drones, shipping containers, medical cargo, vehicles, pets and people, among other uses. We continually evaluate new applications and markets for our products and provide customization as needed for our user’s requirements.

 

On the ‘digital’ side, we offer apps and web products that allow people or organizations to track their persons of interest by using hardware they already own – namely, Smartphone’s and tablets. Our Track My Workforce product is a prime example, which enables businesses to track employees in the field in real time and even monitor their mileage expenses without having to invest in hardware or high monthly service plans. The TMWF app comes with plans starting as little as $2 per month and because of this, we have seen significant traction in this division with new deployments across the world. We have increased our investment in this division to capitalize on multiple opportunities and are currently in development of a new e commerce engine which will fully automate the on boarding process of this app, making it very easy for new businesses all over the world to try the App and service and sign up. The potential in this market is very significant on three fronts: first the sheer size of the market is in the hundreds of millions (currently 3 billion smart phones and tablets on the market expected to grow to 5 billion) second because its digital, the app can be delivered anywhere in the world in an instant, eliminating the cost of manufacturing and logistics, third this makes for a low cost of goods with a high margin return.”

 

Whether GTX sells a SmartSole, VL2000 Take Along, or the TMWF App, the Company receives a monthly service fee for use of its patented tracking, monitoring and alerting platform portal, thereby increasing contractual monthly service revenues and cash flow.

 

It’s no secret that wearable technologies are the next big thing in the tech industry. Most everyone wants to know where someone or something of value is and as a pioneer in the space, we have positioned ourselves at the right time in the right place to capitalize on this trend. From our products to our alliances to our significant and strategic intellectual property library, we believe we have hit a major inflection point and are thrilled about the prospects for our business for 2014 and beyond.”

 

About GTX Corp

GTX Corp (GTXO) is a pioneer in wearable technology and a leader in enterprise 2 way GPS real-time personal location based services. Founded in 2002, headquartered in Los Angeles, California and known for its game-changing and ward-winning patented GPS Smart Shoe, its block buster Smartphone GPS Tracking App, and GPS SmartSole, GTX provides solutions that answer the “where is” question: where is my mother, child, pet, vehicle and high value assets.

Through a robust enterprise platform and licensing business model the Company offers a complete end to end solution of location based hardware, middleware, apps, connectivity and professional services. Letting you know where or how someone or something is at the touch of a button, delivering security and peace of mind in an instant. GTX Corp also owns and operates LOCiMOBILE, Incwhich 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.

 

http://www.facebook.com/gtxcorpcom-http://www.twitter.com/gtxcorp

 

Product and licensing e mail – info@gtxcorp.com or http://www.gtxcorp.com/about/licenseinquiry

Investor Relations 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 Comments on 2013 Performance and Positioning for 2014

GTX Corp Granted 2 New Patents

Enhanced Intellectual Property Portfolio Strengthens Position

In New Era of “Wearable Tech”

Los Angeles, Calif. – March 19, 2014 – GTX Corp. (OTCQB: GTXO), a leading provider of personal location wearable technologies, was recently notified by the U.S. Patent Office that another patent has been allowed related to its innovative and potentially life saving location–based monitoring platform.

“This is a milestone event in our intellectual property roadmap,” commented Larry E. Henneman, Jr., GTX Corp’s patent counsel. “The allowed patent includes 38 claims, with 5 independent claims, directed to tracking devices and methods for remotely configuring the tracking devices. This will be the second of two patents in this family, which are significant because their claims are not limited to footwear.  The patents cover the claimed devices and configuration methods whether they are embedded in Wearables or as stand alone devices,which strengthens the Company’s already extensive IP portfolio and overall value.”  The allowed application will also serve as a basis for filing additional patent applications directed to other important aspects of the invention in the near future.

 

“The System and Method for Communication with a Tracking Device patents are very significant to GTX because they not only apply to our core products such as the SmartSoles, but also to other technologies which require communications to a backend platform, hence strengthening our portfolio within the wearable tech industry,” stated Andrew Duncan GTX Corp Director and head of IP strategy.

 

GTX has been a pioneer in wearable monitoring technologies for over a decade affording a sense of control and peace of mind in today’s increasingly hectic world. Wearable technology provides timely knowledge and information which significantly reduces the levels of stress that go with the responsibility of watching out for loved ones, such as seniors with Alzheimer’s or children with Autism, one of the core vertical channels in which GTX provides solutions and estimated to reach over 270 million people worldwide by 2050

 

GTX delivers solutions for this growing global audience, with cognitive memory disorders, including Alzheimer’s, dementia, Autism and Traumatic Brain Injuries (TBI) and understands the importance of keeping you connected to who matters most.

 

Patrick Bertagna, CEO of GTX Corp concluded, “There is widespread dependence on being “connected” to instantaneous, real-time information and these Method of Communication patents directly square up with our technology roadmap, increasing the overall GTX enterprise value.”

 

About GTX Corp

GTX Corp (GTXO) is a pioneer in wearable technology and a leader in enterprise 2 way GPS real-time personal location based services. Founded in 2002, headquartered in Los Angeles, California and known for its game-changing and ward-winning patented GPS Smart Shoe, its block buster Smartphone GPS Tracking App, and GPS SmartSole, GTX provides solutions that answer the “where is” question: where is my mother, child, pet, vehicle and high value assets.

Through a robust enterprise platform and licensing business model the Company offers a complete end to end solution of location based hardware, middleware, apps, connectivity and professional services. Letting you know where or how someone or something is at the touch of a button, delivering security and peace of mind in an instant. GTX Corp also owns and operates LOCiMOBILE, Inc which develops applications for smart phones and tablets and Code Amber Alertag. The Company has a comprehensive intellectual property strategy and owns an extensive portfolio of patents, patents pending, registered trademarks, copy rights and URL’s.

 

Online:

http://www.gtxcorp.com - http://www.facebook.com/gtxcorpcom -http://www.twitter.com/gtxcorp

 

Product and licensing e mail – info@gtxcorp.com or http://www.gtxcorp.com/about/licenseinquiry

 

Investor Relations 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 Granted 2 New Patents

GTX Corp to Launch Indoor Monitoring Bluetooth SmartSoles

New Wearable BLE Technology Expands Product Suite and Market

Los Angeles, Calif. – March 6, 2014 – GTX Corp. (OTCQB: GTXO), a leading provider of personal location wearable technologies, is pleased to announce the introduction of its new Bluetooth Low Energy (“BLE”) SmartSoles, a footwear system design to simply monitor when the wearer enters or leaves a room or a building and created for people afflicted with Alzheimer’s, dementia or Autism who are prone to wandering. The Company has been in development of this product for over 6 months and plans to commence shipments of its BLE SmartSoles in early Q2 2014.

“GTX has been a pioneer in wearable monitoring technologies for over a decade,” commented Patrick Bertagna, CEO of GTX Corp. “Expanding our product suite to include a low cost, indoor, entry level monitoring solution while leveraging the latest BLE technology in our SmartSole platform positions GTX as a leader in developing solutions for tracking loved ones with cognitive memory disorders. Our BLE SmartSoles were specifically designed based on the needs of and feedback from assisted living facilities and the care giving community in the US and overseas. The BLE SmartSoles provide a simple entry point to our products, and offers an easy upgrade path to our GPS SmartSoles for those chronic wonderers.”

The BLE SmartSoles look and feel like regular insoles and may be placed in most shoes and trimmed for fit. Embedded inside the BLE SmartSoles is a miniaturized Bluetooth low energy chip that reports when a wearer enters or leaves a pre set area such as a room or a building. The technology is customizable for personal home use or commercial assisted living facilities. The caregiver is alerted via email or text when the wearer leaves the area and can download the free Smart Locator mobile app compatible with Android and Apple devices. The BLE SmartSoles will cost under $50 and come with a battery life of over a year, allowing care givers to monitor their loved ones without the need to worry about recharging or replacing batteries.

GTX has always been a strong advocate for solutions that address cognitive memory disorders, including Alzheimer’s, dementia and Autism and understands the importance of keeping a close eye on loved ones who are at risk. The Company has an ongoing roadmap in development for solutions geared towards this growing global audience, estimated to reach over 273 million people worldwide by 2050.

About GTX Corp

GTX Corp (GTXO) is a pioneer in wearable technology and a leader in enterprise 2 way GPS real-time personal location based services. Founded in 2002, headquartered in Los Angeles, California and known for its game-changing and ward-winning patented GPS Smart Shoe, its block buster Smartphone GPS Tracking App, and GPS SmartSole, GTX provides solutions that answer the “where is” question: where is my mother, child, pet, vehicle and high value assets.

Through a robust enterprise platform and licensing business model the Company offers a complete end to end solution of location based hardware, middleware, apps, connectivity and professional services. Letting you know where or how someone or something is at the touch of a button delivering security and peace of mind in an instant. GTX Corp also owns and operates LOCiMOBILE, Inc which develops applications for smart phones and tablets and Code Amber Alertag. The Company has an aggressive intellectual property strategy and owns an extensive portfolio of patents, patents pending, registered trademarks, copy rights and URL’s.

 

Online: http://www.gtxcorp.com - http://www.facebook.com/gtxcorpcom -http://www.twitter.com/gtxcorp

 

Product and licensing  http://www.gtxcorp.com/about/licenseinquiry

 

Investor Relations 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 to Launch Indoor Monitoring Bluetooth SmartSoles

GPS SmartSoles: The Next Big Step…

 

Wearable
Technology
GPS SmartSoles: The Next BigStep…
In Keeping You
Connected to Who
Matters Most


Enter your email to receive updates and information on availability of the GPS Insoles. 
gpss3 GPS SmartSoles: The Next Big Step…  

Name:
Email:

9
Million People
live under some form of oversightdue to various forms
of memory impairment
 
GPS SmartSoles are the
perfect solution for this
increasingly growing problem     

 Passive to the wearer

No on/off switches
Locate on demand
Easy for the caregiver

 

  Set boundaries and receive an alert on your mobile phone if wearer wanders off
geofence GPS SmartSoles: The Next Big Step… ins phone GPS SmartSoles: The Next Big Step…

Created for:


Seniors suffering from Alzheimer’s/Dementia

Children

Athletes and Veterans with Traumatic Brain Injury

And just about anyone who requires some kind of remote
oversight
     
 
GTX Corp and Atlantic Footcare
have partnered to launch a line of GPS enabled insoles

 

gpss2 GPS SmartSoles: The Next Big Step… prothotics GPS SmartSoles: The Next Big Step…
share medium GPS SmartSoles: The Next Big Step…

GTX Corp Signs Exclusive Manufacturing Agreement with Atlantic Footcare to Develop and Launch the Next Big Step in New Wearable Technology – GPS SmartSoles™

Los Angeles, August 7, 2013 – GTX
Corp
(OTCBB: GTXO), a leader in
customizable, patented 2-way GPS solutions and Atlantic Footcare (AF), recently
signed a manufacturing and distribution agreement to develop and launch GPS
embedded insoles. Atlantic Footcare, headquartered
in Rhode Island has been a leading designer and manufacturer of insoles for
over twenty years and supplies many of the major athletic and shoe companies,
national retail chains and the U.S military with high quality and comfort insoles
. Under the agreement Atlantic Footcare will be making
an investment of $200,000 to advance the development of the new GPS SmartSoles.
“This relationship and investment with GTX is a great opportunity to
couple technology with an insole, enabling us to produce a truly innovative and
cost effective solution to meet today’s growing personal tracking needs. We are
very excited at the opportunity to be at the forefront of wearable GPS tracking
technology,” said Charlie Sipes Atlantic Footcare President.
With over a year
in development, GTX Corp had been researching ways to further miniaturize its
GPS module in order to penetrate new markets and expand
current ones. “Compared to our existing module, this next gen is approximately
30% smaller, thinner and lighter, 20% less expensive and has 200% more battery
life. It is equipped with a motion sensor and advanced A-
GPS technology for pin point accuracy and rapid time to first fix (TTFF)” states
GTX Corp CEO
Patrick
Bertagna
. “The
opportunity to partner with Atlantic Footcare opened up and with this latest
next generation device, embedding the module inside an insole was a natural
next step.”
AF already has
ongoing experience in embedding electronics inside insoles through other
partnerships and alliances and has already completed the first prototypes of
the GPS SmartSoles™ currently
undergoing testing. The Company plans to announce by the end of the month some
of the partners that will be involved with marketing and distribution.
gpssole 500 GTX Corp Signs Exclusive Manufacturing Agreement with Atlantic Footcare to Develop and Launch the Next Big Step in New Wearable Technology   GPS SmartSoles™
About GTX Corp (GTXO) - The leader in enterprise 2 way GPS real-time
personal location services (PLS) was founded in 2002 and is based in Los
Angeles, California with distributors in Canada,
Mexico,
Australia, Ireland and Nepal and customers in 162 countries. GTX Corp utilizes
the latest in miniaturized, low power consumption technology and offers a
robust enterprise GPS and cellular location platform to track in real time the
whereabouts of people, pets, vehicles and high valued assets. Answering the
“where is” question through a licensing business model and providing 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, GTX Corp also owns and operates LOCiMOBILE,
Inc
which develops applications for smart phones and tablets
and Code Amber Alertag. The Company has an aggressive
intellectual property strategy and owns an extensive portfolio of patents,
patents pending, registered trade marks, copy rights and URL’s.
 
Online: www.gtxcorp.com – www.facebook.com/gtxcorp –
www.twitter.com/gtxcorp
Public Relations contact Suzy Ginsburg (713) 721.4774 suzy@gcomworks.com
Investor Relations ir@gtxcorp.com

About Atlantic FootcareAF based in Oakland, Rhode Island, has been a leader in
insole manufacturing since 1998. Known internationally for
its innovative products under the
Prothotics and Prosole brands, the Company and its Asian affiliates have
supplied millions of insoles to major athletic and shoe companies where its
record for quality, price and service is at world class standard. With over
seventy people employed all contributing to the proud
Made in U.S.A. label, Atlantic also supplies the professional
medical market with
Medicare (PDAC) reimbursable insoles for comfort and diabetic
care; along with being a primary supplier of insoles for
US military footwear.

GTX Corp does not warrant or represent that the unauthorized
use of materials drawn form 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.
#   #   #   #
share medium GTX Corp Signs Exclusive Manufacturing Agreement with Atlantic Footcare to Develop and Launch the Next Big Step in New Wearable Technology   GPS SmartSoles™