Commercial Drones on the Horizon in Partnership with DroneMods.com
GPS Solutions for Fly-aways
LOS ANGELES, CALIFORNIA – JANUARY 21, 2015 – GTX Corp. (OTCBB: GTXO), a pioneer and global provider of personal location wearable technologies announced today more than 550 of its standalone GPS trackers are being used to track the whereabouts of Unmanned Aerial Vehicles (UAVs) in the event of a fly-away. GTX channel partner, DroneMods.com utilizes a small, lightweight, self-powered, standalone GPS module that attaches to UAVs. In the event a pilot loses site of his drone or experiences a fly-away, they simply call the phone number assigned to the UAV Locator and within a few minutes, the pilot will receive a text message and an email from the GTX Corp monitoring platform, containing a Google Maps link with the GPS (latitude/longitude) coordinates of the UAV.
“We have been thrilled with the demand from our customers for our UAV Locator,” commented Bob Lorincz, President of DroneMods.com. “We provide owners of high-value unmanned aerial vehicles with a simple, affordable and reliable solution for retrieving their drone in the event of a fly-away. To date, we have ordered more than 550 units from our partner GTX Corp, and we are on track to hit 1,000 as we continue our marketing push into 2015. The UAV Locator with the call-on-demand feature is a perfect solution for drone enthusiasts wanting that extra layer of protection.” The UAV Locator, powered by GTX Corp is sold by DroneMods.com, as an add-on solution for unmanned aerial vehicles and drones.
Patrick Bertagna, CEO of GTX Corp, commented, “ It’s very rewarding to see our GPS enabled products and monitoring platform deployed in multiple industries across the globe; and trusted by police departments, caregivers, assisted living communities, sales organizations and UAV pilots. DroneMods.com has done an exceptional job marketing this solution in a niche vertical market; were reliable location tracking is a paramount requirement. We look forward to Drone-Mods continued success as they further penetrate into the rapidly growing multibillion dollar drone market.”
A new report detailing the growth of the drone industry finds that over the next 10 years, the amount of money spent annually on drones and their accompanying technologies will likely double worldwide. An estimated $6.4 billion is currently being spent on drone technology around the world, according to a report published by the Teal Group Corp. and expected to nearly double, bringing the total amount spent for both military and commercial applications to $11.5 billion annually by 2024.
DroneMods.com specializes in products that promote safety and enhance your experience with unmanned aerial vehicles. The UAV Locator is distributed globally through the DroneMods.com network of dealers from the agricultural and environmental industries, as well as hobby shops around the world. Some of our customers include the U.S. Department of Defense, National Geographic, academic institutions, Hollywood studios and NASA. For more information, visit www.DroneMods.com.
GTX Corp (Stock Symbol 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, with distributors in Canada, Mexico, Switzerland, Italy, Australia and Nepal 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 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.
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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
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