GTX Corp. Is Bringing IoT to Everyone with a New Online Store – Equities.com

 GTX Corp. Is Bringing IoT to Everyone with a New Online Store   Equities.com

The IoT market is exploding. A recent report revealed the global Internet of Things (IoT) market spend will grow from $625.2 billion in 2015 to $1.29 trillion in 2020 — with a compound annual growth rate (CAGR) of 15.6%. This week, Dell Chairman and CEO made news when he announced that his company would be setting up a new research and development division that will invest $1 billion in intelligent technology.

One driver behind IoT growing so rapidly happens to be because the technology works fluidly with many corners of the business world. An area where its impact is already being felt is in the healthcare field, specifically helping to protect our growing aging population. GTX Corp. (GTXO) is an award-winning company in the space that develops cost-efficient and wearable IoT technology that is improving the quality of life and safety for senior citizens.

The company is best known for their GPS Smartsole® product, which is a smartphone-connected GPS tracker embedded in the insole of a shoe, think Dr. Scholl’s meets Lojack. As Bloomberg reported earlier this month, over 45 million Americans will be caring for 117 million seniors by 2020, and even major players like retail giant Best Buy (BBY) are making significant investments to sell products and services that enable adults to remotely monitor their aging parents. This is exactly the type of technology that GTX specializes in.

Furthermore, the Bloomberg report estimates that remote monitoring for senior care alone represents a $50 billion market.

You can read the full article on equities.com here.

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 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 GPS 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. GTX puts the “Where” in Wearable Tech.

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

 

Social media – #withyou   #smartsole   #connectedandprotected

GTX Blog http://gpsinsole.com/

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

share medium GTX Corp. Is Bringing IoT to Everyone with a New Online Store   Equities.com

​GTX Corp’s (GTXO) Military Contract Shows an IoT Provider Soaring in Multiple Sectors

gtxcorpreceivesfirstusgovenmentcontractforgpstrackingtechnology ​GTX Corps (GTXO) Military Contract Shows an IoT Provider Soaring in Multiple Sectors

It is a remarkable moment for the secular shift to the Internet of Things. This new technology is permeating into many corners of various industries and disrupting a myriad of legacy business models. One company at the forefront is GTX Corp (GTXO), an innovator with a sizeable portfolio of patented and award-winning technologies. Recently, the company announced a brand-new contract with the Department of the Air Force, further validating its industry-leading GPS wearable technology.

GTX will be supplying Edwards Air Force Base with specially-designed non-cellular GPS technology to track personnel and equipment. The Personnel/Equipment Tracking System (PETS) developed by GTX allows for large-scale monitoring of both human and non-human assets in remote areas with poor cellular coverage. GTX’s devices for the Air Force will… Read the full article at Equities.com

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 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 GPS 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. GTX puts the “Where” in Wearable Tech.

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

 

Social media – #withyou   #smartsole   #connectedandprotected

GTX Blog http://gpsinsole.com/

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

share medium ​GTX Corps (GTXO) Military Contract Shows an IoT Provider Soaring in Multiple Sectors

GTX Corp Receives Military Contract

Department of the Air Force Awards Contract for Personnel/Equipment Tracking System
gtxcorpreceivesfirstusgovenmentcontractforgpstrackingtechnology GTX Corp Receives Military Contract
LOS ANGELES, CALIFORNIA – September 20, 2017 – GTX Corp (OTCBB: GTXO), an Internet of Things (IoT) solutions provider in the personal location, wearable and wandering assistive GPS technology business, announced today that it has filed and 8K for receiving a material contract from the Department of the Air Force to supply  Edwards Air Force Base (AFB), located in Southern California, with a non-cellular, encrypted GPS technology platform in order to track personnel and equipment on the base.

Edwards AFB will be the first military base to deploy the new GPS devices which are specifically developed by GTX Corp for large scale installations and bases that need to monitor the location and movement of both human and non-human assets, but due to their remote location or lack of conventional cellular coverage, the devices need to transmit through RF technology, report latitude and longitude coordinates every second and encrypt the data. The customized devices will be enclosed in a hardened military grade encasement with the system consisting of transportable GPS trackers, repeaters, which will be strategically installed throughout the base. The Personnel/Equipment Tracking System (PETS) will have solar panels to achieve several months of battery life and a base station that collects the encrypted data for display.

Under the contract, GTX Corp will be responsible for the manufacturing, installation and ongoing maintenance and support of the PETS platform. The Company plans to start delivering parts of the contract in the coming weeks and throughout the remainder of 2017 and into 2018. All of the hardware and most of the software and firmware is expected to be manufactured and coded by the Company at its headquarters in Los Angeles, California.  

Patrick Bertagna, GTX Corp CEO, commented, “Receiving our first sizeable military contract is a significant milestone for the Company and is a true testament to our teams’ collective years of experience and knowledge about the GPS tracking business. We are deeply honored to have been awarded this contract and view this as a great opportunity to develop and deliver technology solutions that at the core are designed to help save lives. Edwards AFB conducts live ammunitions testing, and hence knowing where every person and asset are on the base in real time is of vital importance. I want to conclude by wishing the Air Force a happy 70th birthday.”

In preparation for developing an ongoing relationship with the military, GTX Corp has renewed and updated its System for Award Management (SAM) and General Services Administration (GSA) entity registrations.

Known for its patented GPS SmartSole and Smartphone GPS Tracking App, GTX Corp has previously been recognized and granted numerous awards 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”, given a 4 star ranking by Able Magazine, in AARP top 10 best new technologies for seniors, the People’s Choice Award for most innovative connected device, 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.

 

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 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 GPS 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. GTX puts the “Where” in Wearable Tech.

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

 

Social media – #withyou   #smartsole   #connectedandprotected

GTX Blog http://gpsinsole.com/

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 Receives Military Contract

GTX Corp First Wearable Tech Company 15 years of keeping you Connected and Protected

GTX Highlights InfoGraphic Aug 2017 GTX Corp First Wearable Tech Company 15 years of keeping you Connected and Protected

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

share medium GTX Corp First Wearable Tech Company 15 years of keeping you Connected and Protected

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

GTX Corp Signs Patent Licensing Agreement with Inventergy And adds new IP expert Advisor

Los Angeles, Calif. – May 10, 2016– GTX Corp (OTCBB: GTXO), an IoT platform in the personal location wearable and wandering assistive technology business, announced today signing a Letter of Intent with a binding lock-up with Inventergy Innovations, LLC  (“Inventergy”), a subsidiary of Inventergy Global, Inc. (NASDAQ: INVT) a Silicon Valley-based intellectual property company, led by IP industry veteran and former Hewlett-Packard  executive, Joe Beyers. INVT is dedicated to identifying, acquiring and licensing the patented technologies of market-significant technology leaders and leverages decades of corporate experience, market and technology expertise, and industry connections to assist Fortune 500 companies in leveraging the value of their innovations to achieve greater returns on their IP portfolios.

 

Joe Beyers, Founder, Chairman and CEO of INVT stated, “We are excited about teaming up with GTX to monetize this valuable intellectual property. We believe that the GTX patents are applicable to remotely configurable tracking and location devices including smartphones and other GPS based products that are in use today and will be even more heavily deployed in the future as the wearable market grows. Collectively this represents a very sizable addressable market.”

 

As part of a final agreement, Inventergy will be granted  exclusive rights to license or sell the three GTX patents – US 8,154,401, US 8,760,286, and US 9,219,978, commonly referred to as the “Comm. Protocol” or “286” Family. Inventergy will be spearheading the monetization campaign, with a proposed revenue share on all future licensing royalties or possible sale of the portfolio.  Inventergy will begin making initial payments to GTX upon closing and quarterly pre-payments starting in Q1 2017.  Inventergy will also be financing and managing the ongoing maintenance of the Comm Protocol patents in collaboration with GTX and will continue to file ongoing claims, exploiting the open continuation status of the portfolio.  GTX will provide assistance on the ongoing filings under a consulting agreement in which GTX in will be paid shares of INVT common stock.

 

Andrew Duncan, head of IP strategy and business development at GTX Corp said, “We believe that the Comm Protocol Family of patents are essential for any company actively involved in the U.S. with handheld devices and technologies that incorporate 2 way GPS tracking. In partnership with Inventergy, we are looking forward to building a successful licensing program around these patents and together continue to invest in and expand the reach of the portfolio.”

As part of an overall comprehensive monetization and licensing strategy, GTX has also brought on Darius Sankey, PhD as a new advisor to help manage the different ongoing campaigns. Dr. Sankey is a general partner at Accelerate-IT Ventures, was a managing director at Ocean Tomo, and a seasoned executive in the ventures capital and technology industries.

Dr. Sankey will be an integral part of the GTX team as the Company continues to explore other licensing and business opportunities by leveraging its broad patent portfolio.

 

Dr. Sankey commented, “GTX Corp has one of the most strategic Patent portfolios I have seen in the intersection of wearable technologies and personal wireless location based services.  Tremendous value can be generated from the partnership between INVT and GTX Corp and I’m excited to bring expertise to help unleash the full potential of the GTX portfolio.”

Patrick Bertagna, GTX Corp Chairman and CEO concluded, “Being at the forefront of this industry we have been filing patents since 2002, including these communication protocols which we filed back in 2008 when Apple hadn’t even launched its first iPhone yet. Today GPS is in millions of devices and has become ubiquitous. After months of due diligence in looking for the right strategic partner to help us maximize IP revenues and monetize this treasure trove of patents, we are very excited to have partnered with Inventergy and to have Dr. Sankey join our team. Our commitment to monetizing our IP and increasing our overall enterprise value is strong and we are making the pledge to our shareholders that we will properly manage and create value of our biggest asset, our intellectual property portfolio.”

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

 

About GTX Corp

GTX Corp (GTXO) is a pioneer in Smart, Mobile and Wearable GPS, cellular and BLE tracking and recovery technology. Empowering the global community and keeping you connected to who and what matters most with monitoring location based services. Headquartered in Los Angeles, California, with distributors in over 14 countries, GTX is known for its game-changing and award-winning patented GPS Smart Shoe, blockbuster Smartphone GPS Tracking App, and innovative GPS and BLE SmartSole. GTX provides solutions that answer the where question: where is my mother, child, employee, vehicle, drone and high value assets. Through a proprietary global enterprise IoT monitoring platform and licensing subscription business model, the Company offers a complete end to end solution of hardware, middleware, apps, connectivity and professional services. Letting you know where or how someone or something is at the touch of a button, delivering security and peace of mind in an instant. GTX Corp also owns and operates LOCiMOBILE, Inc which develops applications for smart phones and tablets and Code Amber Alertag. The Company has a comprehensive intellectual property strategy and owns an extensive portfolio of patents, patents pending, registered trademarks, copy rights and URL’s and was featured in a 38 page research piece which outlines the value proposition of the Company’s IP portfolio and more recently in the SeeThruEquity research report.

 

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

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

 

Social media #withyou #smartsole

www.facebook.com/gtxcorpcom

www.twitter.com/gtxcorp

www.pinterest.com/gtxcorp

www.instagram.com/gtxcorp

 

General information, licensing or investor relations email:

info@gtxcorp.com

213.489.3019

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 Signs Patent Licensing Agreement with Inventergy  And adds new IP expert Advisor

GTX Corp Comments on 2015 Performance and 2016 Roadmap

Revenues increased 225%, Net profit increased 135%, Net losses decreased 29%

Los Angeles, Calif. – April 22, 2016GTX Corp (OTCBB: GTXO), an IoT platform in the personal location wearable and wandering assistive technology business, announced today commentary on the Company’s financial results and operational highlights for year-end December 31, 2015.

2015 Milestones:

  • Launched GPS and BLE Patented SmartSoles
  • Added channel partners in 14 countries
  • Added a Fulfilment center in Ireland to service European customers
  • Built a domestic network of salereps, online affiliates and retail stores
  • Have reimbursement codes or vendor numbers in 5 States
  • Strengthened and grew our IP portfolio –  granted new patents and filed new patents
  • Developed our next generation SmartSole®
  • Signed global connectivity agreement with Telefonica
  • Added 4 retired and active professional athletes as brand ambassadors for a total of 6
  • Year over year- revenues up, losses down and average revenue per subscriber (RPS) up by over 400%

Management commentary:  Patrick Bertagna, CEO of GTX Corp.

2015, as highlighted above, was a good year overall. We increased revenues, grew our subscriber base, added partners across the globe and increased our RPS over 400%. We added patents, sales reps, online affiliates, brand ambassadors, employees, advisors, website clicks and hits, and we are still on page one in a google search for GPS Wearable Technology. Compared to 2014 we made a lot of progress and we will continue to make progress in 2016. But our long term progress cannot always be measured in three month increments and our ebbs and flow should not be confined to a quarterly filing, especially where we are today in our growth cycle. Our drop in revenues in Q4 was not related to any slowdown in momentum, but rather due to the growing pains many emerging companies go through. We basically needed to manage inventory and make sure we would have enough on hand to fulfil our consumer orders, which were showing a steady month over month increase. In addition, many of our international distributors were waiting for our next generation SmartSole with an embedded SIM card. With consumer sales increasing and next gen product due in Q1, we decided to hold off shipping our international distributors to ensure there would be no interruption of product supply in the U.S., hence less product was shipped in the fourth quarter.

Looking forward, our long term growth strategy is based on selling solutions to a “needs” market and protecting our products with intellectual property. Our SmartSoles address the “needs” market, which comprises of persons with Alzheimer’s, autism, dementia, and traumatic brain injury, all of which have high tendencies to wander, do not want to be stigmatized with visible devices on them and need to be tracked regularly.  Our SmartSole is a “best in class” product for this demographic and we protect our product and this market with an extensive IP portfolio including the ‘286’ patent family, which is not restricted to footwear but has a far broader reach. Our ‘286’ patent effects ANY tracking device, from embedded devices as in the case of our GPS SmartSole®, to other products like a GPS watch, and further to the ubiquitous stand alone, hand held wireless GPS trackers and Smartphones.

Currently there are 100 million people worldwide who are part of this wandering group and that number is expected to reach 277 million by 2050. We continue to believe that the approach of delivering wearable wandering assistive technologies to this growing global population is the most effective way for us to gain traction in the market place. That traction is measured by how many subscribers we have and revenue per subscriber (RPS) which both significantly increased this year for us.

As we move forward into 2016, our focus continues to be on building our sales and distribution channels. We believe our next gen SmartSoles are going to be very well received in the global market place and we already have potential new distributors and OEM partners in new territories and vertical markets ordering samples for evaluation. We also plan to introduce a new revenue stream coming from our recent activity with our patents and will start actively pursuing IP licensing opportunities.

We believe 2016 will continue to grow and trend, and I want to thank our team, partners, shareholders and all the stakeholders that have supported us and continue to support us.

About GTX Corp

GTX Corp (GTXO) is a pioneer in Smart, Mobile and Wearable GPS, cellular and BLE tracking and recovery technology. Empowering the global community and keeping you connected to who and what matters most with tracking and recovery location based services. Headquartered in Los Angeles, California, with distributors in over 14 countries, GTX is known for its game-changing and award-winning patented GPS Smart Shoe, blockbuster Smartphone GPS Tracking App, and innovative GPS and BLE SmartSole. GTX provides solutions that answer the where question: where is my mother, child, employee, vehicle, drone and high value assets. Through a robust global enterprise IoT monitoring platform and licensing subscription business model, the Company offers a complete end to end solution of hardware, middleware, apps, connectivity and professional services. Letting you know where or how someone or something is at the touch of a button, delivering security and peace of mind in an instant. GTX Corp also owns and operates LOCiMOBILE, Inc which develops applications for smart phones and tablets and Code Amber Alertag. The Company has a comprehensive intellectual property strategy and owns an extensive portfolio of patents, patents pending, registered trademarks, copy rights and URL’s and was featured in a 38 page research piece which outlines the value proposition of the Company’s IP portfolio and more recently in the SeeThruEquity research report.

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

Social media – #withyou #smartsole

www.facebook.com/gtxcorpcom

www.twitter.com/gtxcorp

www.pinterest.com/gtxcorp

www.instagram.com/gtxcorp

 

General information, licensing or investor relations email:

info@gtxcorp.com

213.489.3019

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 Comments on 2015 Performance and 2016 Roadmap

GTX Corp Granted New Communication Protocol Patent Under Family Tree Patent “286”

U.S. Patent No. 9,219,978 adds Value to the Overall GTX IP Portfolio and Strongly Enhances its

Position in a Rapidly Growing Multi-Billion Dollar Market

Los Angeles, Calif. – March 2, 2016 – GTX Corp (OTCQB: GTXO), a pioneer and global provider of personal location wearable technologies, was granted another U.S. patent related to its location based monitoring platform and communication protocols. The recently issued U.S. patent No. 9,219,978 is a significant addition to the existing family of communication protocol patents and to GTX Corp’s overall patent portfolio. In addition, GTX recently filed another patent application in this family, thus preserving the right to file more patent applications in the future under the “286” banner with a February 2008 priority date.

“This is treasure trove of valuable inventions and another potential game changer in our intellectual property portfolio,” commented Larry E. Henneman, Jr., GTX Corp’s patent counsel for over 10 years. “It is becoming more apparent that these patents are very significant, especially with a priority filing date going back to early 2008 when many of the location based technologies had not yet been fully developed, and certainly not with the functionality pertinent to wearable technology today. In addition the portfolio has a current pending application, which means that we can  continue to file divisional and/or continuation patents claiming the comm protocol features that were disclosed in our original filing.”

“The value of these patents for GTX is they extend far beyond our core footwear applications and into areas such as GPS watches, fitness wearables that track location, hand-held GPS devices, tracking apps on smartphones and tracking devices and platforms in general, said Andrew Duncan GTX Corp director of business development. We are extremely pleased to have been issued another patent in our very valuable family of patents which are key inventions to how almost all 2 way GPS devices function today.”

All three of the GTX Corp patents – US 8,154,401, US 8,760,286, and US 9,219,978, provide significant value especially because these patents are not limited to any particular form factor or industry and are applicable to any generic tracking device, which, in its simplest form includes a communication device (i.e. cell phone modem, blue tooth or Wi-Fi communicator), a location detector (i.e. GPS or Wi-Fi Module) and data memory.  This technology is now commonly embedded in millions of devices, deployed across numerous industries.

Patrick Bertagna, GTX Corp CEO concluded, “Back in 2008 as we were trail blazing wearable technology, Apple had yet to launch the iPhone, nobody had heard of Fitbit and GPS was mostly in cars, boats, planes and about to be introduced in our GPS smart shoes. Being at the forefront of this industry we created several protocols and filed patents on these inventions. Fast forward to 2016 and the world changed – location based technologies are now ubiquitous! As a pioneer and forward thinker in this industry and having had excellent legal counsel along the way we made the early investments in building a robust IP portfolio which today is culminating not only as a barrier to entry to our core business but also increasing the overall GTX enterprise value.”

The original patent specification that underlies the Communication Protocol family of patents describes many other potentially patentable communication/configuration features.  Due to the current pending divisional application in this family of patents, GTX is entitled to and plans to pursue additional patents on several of these key features.

About GTX Corp

GTX Corp (GTXO) is a pioneer in Smart, Mobile and Wearable GPS, cellular and BLE tracking and recovery technology. Headquartered in Los Angeles, California, with distributors in over 14 countries, GTX is known for its game-changing and award-winning patented GPS Smart Shoe, blockbuster Smartphone GPS Tracking App, and innovative GPS and BLE SmartSole. GTX provides solutions that answer the where question: where is my mother, child, employee, vehicle, drone and high value assets. Through a robust global enterprise IoT monitoring platform and licensing subscription business model, the Company offers a complete end to end solution of hardware, middleware, apps, connectivity and professional services. Letting you know where or how someone or something is at the touch of a button, delivering security and peace of mind in an instant. GTX Corp also owns and operates LOCiMOBILE, Inc which develops applications for smart phones and tablets and Code Amber Alertag. The Company has a comprehensive intellectual property strategy and owns an extensive portfolio of patents, patents pending, registered trademarks, copy rights and URL’s and was featured in a 38 page research piece which outlines the value proposition of the Company’s IP portfolio and more recently in the SeeThruEquity research report.

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

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General information, licensing or investor relations email:

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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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GTX Corp Comments on Q2 Performance and Outlook

Los Angeles, Calif. – August 14, 2014 – GTX Corp (OTCQB: GTXO), a pioneer in personal location wearable technologies, announced today commentary on its second quarter performance, along with the outlook for the balance of 2014.

Q2 2014 Highlights:

  • Launched pilot program for GPS & BLE SmartSoles with 30 active and pending programs in 12 countries
  • Accepted orders for close to 1,000 GPS and BLE SmartSoles
  • Launched 2 products on Amazon
  • Continued penetration of products into new Drone vertical with over 300 units shipped
  • Integrated wireless inductive charging in embedded and stand-alone products
  • Strengthened intellectual property portfolio with key patent “286” addition
  • Featured in WSJ, CNN, BBC, FOX News, Business Journals and several others media outlets.

“As we discussed in our last shareholder update, GTX continues its transition from the licensed GPS Shoe model to the direct product to user model and is focusing its efforts on product development and channel partner distribution,” commented Patrick Bertagna, Chief Executive Officer of GTX Corp. “As we begin finalizing our product development phase and get closer to a commercial launch we are starting to ramp up our marketing initiatives through – trade shows, social media campaigns, recent press and our existing global relationships, and have been successfully enrolling potential partners into our Pilot Programs. We are currently managing 10 – 15 inquiries per week and plan to enroll up to 100 pilots. We are working closely with select groups ranging from assisted living communities, health organizations, Int’l distributors, domestic resellers and sales organizations, advocacy groups and high profile influencers in the sports, media, academia, security, government, municipal and philanthropic organizations that we believe have the potential to result in large scale deployments in the future.”

 

Mr. Bertagna continued, “In addition to our product and business development activities, we have also made significant strides in enhancing the value of our IP portfolio, through the issuance of our latest patent, which we refer to as our ‘286 Patent’.  The 286 Patent is significant and a possible game changer as it covers communication protocols across a broad range of wearable devices with respect to how they store and transmit data.  Even more significant is the priority date granted, which dates back to early 2008, providing us with significant intellectual property protection and potential for monetization.”

“The Company has developed and introduced to the market place a robust line of GPS, Cellular and BLE monitoring and tracking technology across 3 product lines – embedded, all purpose, and digital – all 3 come with different monthly subscription plans ranging from $2.00 to $30 per month and all 3 are currently being sold into the market place. As our channels of distribution for these 3 product lines start to convert from pilots or soft launch to full commercial rollouts, the Company should start realizing an increase in unit and App sales and related monthly recurring service fees.  As we move into the back end of the year, we remain confident in our direct product to user approach and appreciate the support we have received from the industry, our partners and our shareholders alike.”

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, 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 e mail – info@gtxcorp.com  or http://www.gtxcorp.com/about/licenseinquiry

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

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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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.

 

 

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