Inventergy Launches Licensing Campaign for Location Based Services Patents

Over 100 companies identified that may have interest in the technology from GTX Corp, an Inventergy Innovations partner

CAMPBELL, CA — (Marketwired) – January 04, 2017 — Inventergy Global, Inc. (NASDAQ: INVT)  (the “Company”), an intellectual property licensing and innovation company, today announced that its subsidiary, Inventergy Innovations, LLC (“Inventergy Innovations”) has launched a patent licensing campaign for GTX Corp (OTCBB: GTXO) for its wireless location-based services intellectual property assets based on 2-way GPS tracking.

The licensing campaign is a follow-up to the definitive agreement announced in June 2016 in which Inventergy Innovations obtained the exclusive right to license or sell three of GTX’s patents — US 8,154,401, US 8,760,286 and US 9,219,978, commonly referred to as the “Comm. Protocol” family.   The licensing campaign represents the Company’s second monetization program announced by its subsidiary following the proof of concept engagement between Pabellon Power, Inc.  (a company developing magnetic based wireless power and data transfer systems) and a Fortune 100 company announced on September 27, 2016.

Joe Beyers, CEO of Inventergy stated, “In our Inventergy Innovations model we obtain exclusive rights to license or sell a partner’s patents, technology or in some cases their entire company.   We use various monetization execution models to create value for our partners and our stockholders.   In the case of GTX, our first step is to execute on this broad patent license program while exploring other potential initiatives. We are particularly excited by this GPS-based remotely configurable tracking and location devices market.  It is growing very rapidly and the wearable’s sub-segment alone is projected at $8.8 billion for 2016 and expected to grow to $12.6 billion by 2019.”

This campaign will provide companies interested in the Comm. Protocol family with substantial discounts for early adoption, multi-year commitments or higher volumes of products.  Inventergy Innovations believes that more than 100 companies are either currently using or could find value in the GTX technology.  Offer letters are being sent to the first 40 companies this week and others will be sent over the next few weeks.

About Inventergy Global, Inc.

Inventergy Global, Inc. is a Silicon Valley-based intellectual property company dedicated to identifying, acquiring and licensing patented technologies of market-significant technology leaders and small companies. 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 and other technology companies in leveraging the value of their innovations to achieve greater returns. For more information about Inventergy, visit www.inventergy.com.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains statements, estimates, forecasts and projections with respect to future performance and events, which constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Those statements include statements regarding the intent and belief or current expectations of the Company and its affiliates and subsidiaries and their respective management teams. These statements may be identified by the use of words like “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “will,” “should,” “seek” and similar expressions and include any projections or estimates set forth herein. Investors and prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, that actual results may differ materially from those projected in the forward-looking statements.

Contact:

Robert Haag

IRTH Communications

INVT@irthcommunications.com

866-976-4784

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GTX Corp. Year End Special: Save $110 on GPS SmartSole Purchases Before 12/31/16!

GPS SmartSole Logo Holiday GTX Corp. Year End Special: Save $110 on GPS SmartSole Purchases Before 12/31/16!​Give the gift of peace of mind this holiday season with GTX Corp.’s GPS SmartSole®, the patented wearable tracking solution for those who wander.

 
As we close out 2016, GTX Corp. is pleased to offer our Year End Special of $50 OFF your SmartSole purchase AND the opportunity to lock in your 2016 service fee rate before 2017 rates increase, making for an additional $60 in savings. 
OrderNow1 GTX Corp. Year End Special: Save $110 on GPS SmartSole Purchases Before 12/31/16!
 
A TOTAL SAVINGS OF $110.00! ($50 off SmartSole purchase + $5/mo. off monthly service fee) when you purchase your GPS SmartSole by December 31, 2016.
 
Enter Promo Code: YEAREND2016 
at checkout to instantly receive $50 off your SmartSoles purchase AND lock in our 2016 service fee pricing for the whole next year before monthly rates increase to $34.95 on January 1, 2017
 
All orders placed prior to 11:59pm PST on December 31, 2016 utilizing the YEAREND2016 promo code are eligible to receive our GTX Year End Special. 
 
Happy Holidays from our GTX Corp. family to yours!
 
Hat2 GTX Corp. Year End Special: Save $110 on GPS SmartSole Purchases Before 12/31/16!
​#withyou​
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Ingenu Announces Availability of Los Angeles Machine Network

Los Angeles-based GTX Corp to enable wearable solutions with Ingenu’s RPMA technology

SAN DIEGO – November 30, 2016 – Ingenu Inc.™, the company that delivers purpose-built IoT connectivity, today announced availability of its Machine Network™ in the greater Los Angeles metropolitan area. The Internet of Things (IoT) network will serve applications including transportation, manufacturing, logistics, smart city and wearable technologies, providing coverage to the second-largest city in the U.S., reaching more than 2,220 square miles and serving a population of over 13 million people.

The availability of the Machine Network in the Los Angeles area is enabling exciting new use cases, such as that of GTX Corp. (GTXO), an IoT platform and provider of personal location and monitoring wearable technology and wandering assistive technology. The company will be integrating Ingenu’s RPMA® (Random Phase Multiple Access) technology into its patented GPS SmartSole® shoe insole tracking solution, to assist in monitoring people with dementia, Alzheimer’s disease, autism and other forms of memory impairment.

“Currently, over 100 million people require oversight due to various forms of memory impairment, and advancements in wearable technology are changing the way we support and monitor these individuals,” said Patrick Bertagna, CEO, GTX Corp. “With Ingenu’s reliable, long-range network technology, we can expand the reach of our monitoring capabilities, particularly in highly populated areas, and provide accurate location services to caregivers and loved ones.”

Ingenu selected to deploy its Machine Network in Los Angeles because of its concentration of IoT development companies. According to industry firm, IoT Analytics, more than 50 percent of IoT companies in the Los Angeles area are developing wearable technologies, which is greater than the national average of just 15 percent.

“Los Angeles is outpacing the market in terms of IoT solution development,” said Tom Gregor, president and general manager, Machine Network at Ingenu. “From manufacturing and smart technologies to wearables and transportation applications, Los Angeles has the resources, culture and infrastructure to support a thriving IoT network.”

The nationwide Machine Network build-out is now underway across the United States, and is targeted to serve over 100 major metropolitan areas by the end of 2017. The Machine Network currently provides more than 100,000 square miles of wireless coverage for a host of IoT applications. For specific information on the Los Angeles Machine Network, visit http://www.ingenu.com/technology/machine-network/cities/los-angeles.

About RPMA

Utilizing globally available spectrum, Ingenu’s RPMA® (Random Phase Multiple Access) technology is purpose-built for M2M/IoT connectivity, offering unparalleled range, coverage and capacity with extremely low power requirements and longer-lasting battery life. It uniquely enables devices to connect more efficiently and cost-effectively in both the uplink and downlink. Requiring fewer towers to provide coverage to large areas (1:10 to 1:30 radio towers needed for RPMA vs. cellular), RPMA is rapidly becoming a global standard for IoT communication. For more information on RPMA technology, visit  www.ingenu.com/technology/rpma/

About Ingenu Inc.

Ingenu™ is building the first wireless Machine Network™, the world’s largest IoT network dedicated to LPWA (low-power, wide-area) connectivity for machines only. Operating on universal spectrum, the company’s RPMA® technology is a proven standard for connecting Internet of Things (IoT) and machine-to-machine (M2M) devices around the world, with 38 private networks deployed over seven years. The Machine Network will have further reach, global range and longer lasting battery life than any existing network. It is also future-proof: enabling technology solution providers to maximize their product’s efficiency and longevity, with unparalleled control and visibility. Ingenu is led by a highly experienced team and backed by one of the strongest boards in the industry, including veterans from Verizon and Qualcomm. Information about Ingenu can be found at www.ingenu.com, or follow us on Twitter @ingenunetworks.

Contacts:

Ashley Schulte

Engage PR

Email:  aschulte@engagepr.com

Phone:  +1-919-435-9112

Kirsten Garvin

Ingenu

Email:  kirsten.garvin@ingenu.com

Phone:  +1-760-533-6945

###

 

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Parents! Join in a Medical Research Survey About Autism

GTX Corp has been in the business of developing wandering assistive technology for over 10 years, and we know that wandering, particularly by children with autism spectrum disorder (ASD) and other developmental disorders, is a serious safety issue and stressor upon families and communities.  It is estimated that more than 250,000 children with disabilities wander away from adult supervision each year.  Few researchers have looked at this major issue, and there has been little focus on prevention measures and the impact that wandering has on families. 

Now, the Cohen Children’s Medical Center of New York is conducting a major national study about wandering, and we encourage all of our friends who are parents or guardians of children with Autism to participate! The more research that is done to gather information about wandering, the better we can all work towards innovation in wandering prevention, monitoring solutions and child safety.

It takes just a few minutes to complete the anonymous, on-line questionnaire.  

If enough families complete the Cohen Children’s Medical Center questionnaire, then:

evaengineer2 300x191 Parents! Join in a Medical Research Survey About Autism– It will produce the most representative study done to date – giving voice to as many families as possible

– It will help guide families impacted about which prevention strategies seem to be most effective

– It will document the impact that wandering has on families in terms of activities and household stress

Please click HERE or visit www.WanderingResearch.com to take the survey, request a copy of the results, and be contacted regarding a follow-up research project related to wandering.

We thank you in advance for your participation and support,

GTX Corp

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GTX Corp Reports Third Quarter 2016 Financial Results

Increased Revenues, Margins, Subscribers and Distribution Partners

LOS ANGELES, CA – November 15, 2016 – GTX Corp. (OTCQB: GTXO), an IoT platform and leading provider of personal location GPS, BLE, cellular and RFID, tracking and monitoring wearable technology and wandering assistive technology, announced financial results for the third quarter ended September 30, 2016.

Q3 Highlights

  • Revenue increased 99% over 2015 comparable period
  • Subscriber revenue increased 139% over 2015 comparable period
  • Gross profit margin increased from 24% to 65% over 2015 comparable period
  • Operating expenses decreased 17% over 2015 comparable period
  • Net operating losses decreased 34% over 2015 comparable period
  • Delivered our first military test order
  • Expanded distribution into Mexico

Q3 Initiatives included increasing our customer and subscriber base, formulating our patent monetizing strategy for next year, delivering our new GPS/RF product line, exploring new BLE and RF business opportunities with our channel partners and increasing overall margins through cost reductions and better operational efficiency.  

During Q3 the Company focused on basic fundamentals, such as growing revenues, improving customer service, working more closely with channel partners, exploring regional opportunities and ways to augment our GPS platform with new technologies such as low energy blue tooth and RF in regional markets and identifying new IP monetization strategies and growth opportunities for 2017.

Both RF and BLE technologies will start playing a more significant role in future product roll outs and will be part of a suite of new product offerings scheduled to come out over the next 6 months.

Our first new product using GPS and RF technology was delivered this quarter to a military base in Southern California. The Company delivered a new wide-area tracking system in the ISM 900MHz band, with 256-bit AES encryption, and up to 40-mile line-of-sight range with high-gain antennas. The system is a GPS and RF personnel, vehicle and asset tracking solution designed to provide ground situational awareness and real-time surveillance of all personnel and equipment traveling within a designated area, ranging from 2 – 200+ square-miles. Strategically deployed repeaters can extend this range and overcome “dead zones” due to rugged terrain, while the solar panels and extended battery will allow deployment of the repeaters to areas without existing power sources, making this solution ideal for military installations, oil rigs or any large area where cell coverage and or power is not available.  Both the hardware and software are designed and manufactured in house, proving the Company with vertical manufacturing to delivery capability.

On the SmartSole production front, 750 units of version 1.25 GPS modules were manufactured and 300 units of version 1.5 were ordered and will go into production in December.

Patrick Bertagna, GTX Corp CEO, stated, “This was our 3rd quarter in a row with double digit revenue increases and a 99% increase over the same period last year. We are holding a steady positive trend of higher revenues, new revenues, higher margins, lower expenses and lower losses for both the 3 month and 9 month ending period 2016. The wearable technology industry is expected to see another big forecast jump to an estimated $25 billion by 2019 and is showing no signs of slowing down, which is very good news for GTX stake holders. Our early entry into this industry with patent filing dates going back to 2002, our brand recognition, industry knowledge and staying power is opening up incredible new opportunities for us. Limited capital is still a challenge for us to grow quickly, but we are growing and remain as committed and passionate as ever. Additionally management has elected to transfer accrued salaries into long-term convertible promissory notes, due on December 31, 2018. The total amount of salaries converted was $318,671, bringing down our outstanding accounts payable by 44%. Management will have the ability to convert up to 50% of their note into equity which is currently set at a fixed above market price, reflecting the continued long term commitment by senior management.”

For the remainder of the year, GTX Corp will continue to advance its next-gen technologies and take action aligned with its broader growth strategy, which includes:

  • Increasing sales in all product categories
  • Increasing our global subscriber base
  • Supporting our partners growth initiatives
  • Scaling and streamlining manufacturing and distribution  processes
  • Introducing new products into new markets
  • Applying for additional reimbursement codes
  • Working with local, federal and international government agencies
  • Building brand and product awareness
  • Building out corporate infrastructure to support growth in 2017

About GTX Corp

GTX Corp (GTXO) is a pioneer in IoT wearable technology and a thought leader in enterprise 2 way GPS real-time personal location based services. Founded in 2002, headquartered in Los Angeles, California, with distributors in over 14 countries. The Company is known for its innovative, game-changing and award-winning GPS SmartSole and its blockbuster Smartphone GPS Tracking App. 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 monitoring platform and licensing subscription business model, the Company offers a complete end to end solution of location based hardware, middleware, apps, global cell 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

Consumer Purchase of GPS SmartSoles

Social media – #withyou

https://www.facebook.com/gtxcorpcom

http://www.twitter.com/gtxcorp

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

http://instagram.com/gtxcorp

General information, licensing or investor relations:

213.489.3019

info@gtxcorp.com

http://www.gtxcorp.com/about/licenseinquiry

ir@gtxcorp.com

Disclaimer: GTX Corp does not warrant or represent that the unauthorized use of materials drawn from the content of this document will not infringe rights of third parties who are not owned or affiliated by GTX Corp. Further GTX Corp cannot be held responsible or liable for the unauthorized use of this document’s content by third parties unknown to the company.

Forward Looking Statements

This news release contains forward-looking statements. The terms and phrases “expects,” “would,” “will,” “believes,” and similar terms and phrases are intended to identify these forward-looking statements. Forward-looking statements are based on estimates and assumptions made by GTX in light of its experience and its perception of current conditions and expected future developments, as well as other factors that GTX believes are appropriate in the circumstances. Many factors could cause GTX’s actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements. Certain risk factors that may cause actual results to differ are set forth in GTX’s Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (which may be obtained at http://www.sec.gov). These factors should be considered carefully, and readers should not place undue reliance on GTX’s forward-looking statements. GTX has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

share medium GTX Corp Reports Third Quarter 2016 Financial Results

KORE Position Logic Powers GPS SmartSole Solution for Patients and Caregivers

Position Logic Provides Location-Based Technology and Named North America Distributor of GTX’s SmartSoles for Tracking and Recovery

ALPHARETTA, GA. —November 9, 2016—KORE, the people powering IoT innovations and opportunities, today announced that the company will integrate GTX Corp’s (OTCBB: GTXO), GPS SmartSole® into the Position Logic platform. Additionally, Position Logic will be a distributor of GPS SmartSoles in North America.

GPS SmartSole combines a miniaturized GPS device and cellular communicator to send coordinates of loved ones suffering from Alzheimer’s, dementia, autism or any other cognitive memory disorder to their caregivers. GPS SmartSoles look and feel like regular insoles, and allow the wearer to be free from the stigma of visible bracelets, pedants and other traditional tracking devices. GPS SmartSole technology is integrated with a mobile app that allows caregivers to track their loved ones in seconds, lessening their worry and anxiety about wandering.

Per the agreement, Position Logic customers will now be able to purchase GPS SmartSoles as a hardware on the Postion Logic platform and then offer it to end-users in the personal tracking space.

“Currently there are 100 million people worldwide who are part of this at risk wandering group, including patients with Alzheimer’s, dementia, autism and traumatic brain injury, and that number is expected to reach 277 million by 2050. We’re happy to be working with Position Logic on this integration/distribution agreement and are eager to see the results we know they can drive in North America to help this population,” said Tom Adams, VP Sales Strategy.  

“Position Logic is constantly seeking new innovative ways to support and deliver greater value to our service providers. With the integration of the SmartSole device in our device library; our service providers can differentiate themselves and offer additional personal monitoring and tracking services. The SmartSole hardware unique form factor presents several advantages especially around people prone to wandering or getting lost,” said Felix Lluberes, executive vice president, advanced applications, KORE.

About KORE

KORE provides the connectivity and services that make the Internet of Things possible. Founded in 2003, KORE is the world’s largest managed network services provider specializing in Internet of Things (IoT) and Machine to Machine (M2M) markets. KORE provides the critical wireless connectivity empowering application, hardware and wireless operator partners to rapidly bring new IoT and M2M innovations to market, with millions of active on-network units in more than 180 countries. KORE delivers choice, reliability and global native coverage through multi-carrier and Tier 1 carrier cellular and satellite network services – including LTE, GSM and CDMA – as well as advanced applications to easily manage IoT connected devices. KORE Position Logic software provides seamless location-based services (LBS) for businesses. KORE’s recent acquisition of Wyless makes the company one of the six largest providers of M2M/IoT services globally, inclusive of carriers. For more information, visit www.koretelematics.com, read the KORE blog and connect with KORE on LinkedIn, Google+, Facebook, Twitter, YouTube and Vimeo.

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 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, copyrights and URL’s.

 

For more information on the Company’s flagship product, the GPS SmartSole, visit us:

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


###

All products/services and trademarks mentioned in this release are the properties of their respective companies.

 

KORE Contacts:                                                                                     GTX Corp. Contact:

Joe Palldino or Maggie Fairchild                                                            Meghan Ravada

MSLGROUP Boston                                                                                  213.489.3019

781-684-0770                                                                                             info@gtxcorp.com

kore@mslgroup.com

share medium KORE Position Logic Powers GPS SmartSole Solution for Patients and Caregivers

GTX Corp Expands Distribution in Mexico


C&R Care Solutions added to the

GPS SmartSole Growing list of International Distributors

 

LOS ANGELES, CALIFORNIA –September 14, 2016 – GTX Corp (OTCBB: GTXO), an IoT platform in the personal location GPS wearable and wandering assistive technology business, announced the commercial launch of the GPS SmartSole with C&R Care Solutions a privately owned company headquartered in Mexico City which sells and supports GPS based tracking solutions throughout the country of Mexico.

“Mexico is an important, sizable and strategic market for GTX. As a neighboring country with a total population of over 122 million and a growing middle class representing 47% of total households, it not only represents a market size close to 40% of the U.S. but also a strategic entre into Latin America, stated Andrew Duncan director of business development for GTX Corp. We are pleased to add C&R to our growing list of international partners and look forward to meeting with Claudio this week in our office to discuss our product rollout and strategic initiatives for the rest of the year.”

With an estimated 1 million Americans currently living in Mexico, the country is also seeing a growing number of U.S. retirees, attracted by better weather, similar to Florida, Arizona and California, which benefit from a more relaxed lifestyle, affordable quality health care and an overall much lower cost of housing and living.

Claudio Quinzanos, C&R Care Solutions CEO stated “We are excited to be offering the GPS SmartSole as well as other smart and useful GPS solutions from GTX Corp, to caregivers in the senior assistance market for those suffering from Alzheimer’s and dementia, as well as the security market to help prevent criminal acts such as kidnappings. We are convinced that this discreet, accurate, wearable tracking technology is the best solution to fulfill our customer’s needs and makes for a better and safer society in Mexico and all over the world.”

GTX Corp’s patented GPS SmartSoles are the world’s first wearable yet invisible technology that are placed in the wearer’s shoes and contain a GPS tracking chip connected through a global cellular network that sends a signal to a central monitoring website or app showing the exact location of the individual wearing the SmartSoles. They come in several trim to fit sizes for both men and women, are made with the highest quality electronic components and assembled in Rhode Island, U.S.A.  

The simplicity behind the SmartSole Platform is that when someone wanders off, becomes lost or abducted, a text or email alert is sent to a caregiver’s phone and computer with a direct link to a Google map plotting the wanderer’s location.  Alerts can be directed to a local authority and/or a private Call Centre to provide continuous monitoring and support.

GPS SmartSole consumer order information and 6 months interest free financing.

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 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.

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

www.linkedin.com/in/gtxcorp

 

General information, licensing or investor relations email:

info@gtxcorp.com

ir@gtxcorp.com

213.489.3019

 

GTX Corp United Kingdom

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.

#   #   #  #

share medium GTX Corp Expands Distribution in Mexico

GTX Corp Reports Second Quarter 2016 Financial Results

Increased Revenues, Margins, Subscribers, Channel Partners and new IP Revenue Stream

LOS ANGELES, CA – August  16, 2016 – GTX Corp. (OTCQB: GTXO), an IoT platform and leading provider of personal location GPS wearable technology and wandering assistive technology, announced financial results for the second quarter ended June 30, 2016.

Second Quarter Highlights

  • Revenue increased 36% over 2015 comparable period
  • Subscriber revenue increased 133% over 2015 comparable period
  • Gross profit margin increased from 27% to 45% over 2015 comparable period
  • Operating expenses decreased 17% over 2015 comparable period
  • Net operating losses decreased 34% over 2015 comparable period
  • Active units in the field and subscribers in over 35 countries
  • Vendor number for reimbursement in six states
  • Shipped next version 1.25 GPS SmartSole
  • Began monetizing our Comm Protocol “286” family patents
  • Received our first military test order
  • Signed research collaboration agreement with George Mason University
  • Named 25 most empowering IoT companies in 2016

Q2 Initiatives included adding new customers and subscribers – creating a new revenue stream by monetizing intellectual property assets – increasing overall margins through cost reductions and better operational efficiency.

Two new master distributors were added, one in the U.S. and the other in the UK, both of which have dozens of salespeople and resellers operating under their management. This is important to note because it will allow GTX to scale distribution in certain vertical markets or territories without adding significant overhead and operation costs.

The Company also received its first military test order for a new non-cellular, encrypted GPS technology.  The proposed solution is a battery powered, broadcast only GPS tracker using RF technology (900MHz ISM bandwidth), with a nine mile line of site (LOS) range. Both the hardware and software of this new product will be designed and manufactured in house by GTX. Prototypes are expected to be completed and shipped by next month and if the test order is successful, this product has the potential to open up new opportunities within the government sector or commercial installations that have poor or no cell coverage. In addition the Company received several new vendor numbers for GPS SmartSole medical assisted reimbursement and is now operational with these codes in six states: Wisconsin, Ohio, New York, California, Illinois and Maine.

On the production front 500 units of version 1.25 GPS modules were prepped for manufacturing into SmartSoles, making this the second production run with several enhancements and an embedded Telefonica SIM card. This version allows GTX Corp to ship SmartSoles internationally and activate the SIM card remotely from its cloud based platform. This is a significant advancement because the Company no longer needs to custom make SmartSoles for international distributors with their own SIM cards, instead international customers can order right out of inventory.

The benefits include reduced manufacturing costs, improve delivery timelines and enable GTX to bill for international data charges increasing RPS (revenue per subscriber) which is continuing to trend up with subscriber revenue up 133% adding to an overall gross margin increase from 27% to 45%.

During Q2 2016 the Company also signed a definitive licensing agreement with Inventergy Innovations, LLC, a subsidiary of Inventergy Global, Inc. (NASDAQ: INVT). Inventergy is spearheading a monetization campaign for three of GTX’s “286” family of patents and will negotiate either a license for use or a sale of the patents to potential infringers that operate in the mobile tracking and monitoring industry. These three GTX patents are not limited to any particular form factor and are applicable to any generic mobile tracking device utilizing this technology which is embedded in millions of wearable and mobile devices and deployed across numerous industries.

The mobile health and wellness market which GTX pioneered is on the cusp of a significant stride forward. Thanks to modern wearable technologies that provide the means to collect and manage health and wellness data in a more convenient and automated fashion, wearables have emerged for fitness tracking, medical condition management, wellness monitoring, and personal safety assistance, among other use cases. This represents a sizable addressable market and creates multiple licensing opportunities with a potential value for the GTX Comm Protocol “286” patents that far extend beyond the other core GTX footwear patents and into areas such as:

  • GPS watches
  • Fitness wearables that track location
  • Hand-held GPS devices
  • Tracking apps on Smartphones
  • Standalone GPS tracking devices
  • Location based platforms in general

Patrick Bertagna, GTX Corp CEO, stated, “As an emerging technology company, we are always pushing for better, and by most metrics Q2 improved with trends showing more revenues, new revenues, higher margins, lower expenses and lower losses. As we move forward into the second half of 2016 we expect these trends to hold but we are also cognisant of our ebb and flow, as we saw in Q1 while we were transitioning to our next version 1.25 SmartSole, implementing a new connectivity platform and crafting our IP monetization strategy. Lack of sufficient capital for inventory, human resources and infrastructure has been a challenge since our launch last year. It has limited our ability to order appropriate inventory thereby limiting our ability to grow as quickly as we would like. It has also limited our ability to hire additional personnel to support growth. We believe that our increased margins and revenues, along with the new monetization IP campaign, will begin to ease our capital shortage problem.”

Bertagna continued, “Having said that, we remain focused on building brand and product awareness on a global scale, growing our channels of distribution and increasing sales, subscription revenues and margins in all our product categories. Looking ahead in 2016, we will work closely with our distributors and new partner Inventergy to explore new revenue opportunities, work with our vendors to scale our manufacturing processes in order to lower costs, reach out to broader market segments such as adults with autism, the security and military market, work with police departments, insurance providers, non-profits, University’s and continue applying for additional medical reimbursement codes. All of this with one goal in mind – to increase our revenues, global subscriber base and build a best in class IoT platform for the millions of people all over the world who need a simple, affordable and effective tracking and monitoring solution.”

About GTX Corp

GTX Corp (GTXO) is a pioneer in IoT wearable technology and a thought leader in enterprise 2 way GPS real-time personal location based services. Founded in 2002, headquartered in Los Angeles, California, with distributors in over 14 countries. The Company is known for its innovative, game-changing and award-winning GPS SmartSole and its blockbuster Smartphone GPS Tracking App. 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 monitoring platform and licensing subscription business model, the Company offers a complete end to end solution of location based hardware, middleware, apps, global cell 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

Consumer Purchase of GPS SmartSoles

Social media – #withyou

https://www.facebook.com/gtxcorpcom

http://www.twitter.com/gtxcorp

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

http://instagram.com/gtxcorp

General information, licensing or investor relations:

213.489.3019

info@gtxcorp.com

http://www.gtxcorp.com/about/licenseinquiry

ir@gtxcorp.com

Disclaimer: GTX Corp does not warrant or represent that the unauthorized use of materials drawn from the content of this document will not infringe rights of third parties who are not owned or affiliated by GTX Corp. Further GTX Corp cannot be held responsible or liable for the unauthorized use of this document’s content by third parties unknown to the company.

Forward Looking Statements

This news release contains forward-looking statements. The terms and phrases “expects,” “would,” “will,” “believes,” and similar terms and phrases are intended to identify these forward-looking statements. Forward-looking statements are based on estimates and assumptions made by GTX in light of its experience and its perception of current conditions and expected future developments, as well as other factors that GTX believes are appropriate in the circumstances. Many factors could cause GTX’s actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements. Certain risk factors that may cause actual results to differ are set forth in GTX’s Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (which may be obtained at http://www.sec.gov). These factors should be considered carefully, and readers should not place undue reliance on GTX’s forward-looking statements. GTX has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

share medium GTX Corp Reports Second Quarter 2016 Financial Results

GTX Corp and RACO Industries Sign Distribution Agreement to Sell SmartSoles

LOS ANGELES, CALIFORNIA –July 13, 2016 – GTX Corp (OTCBB: GTXO), an IoT platform in the personal location GPS wearable and wandering assistive technology business announced the signing of a distribution agreement with , a GPS application solutions integrator headquartered in Cincinnati Ohio. The agreement grants RACO exclusive distribution rights to the Location Based Services industry in the United States for the GPS SmartSoles and other GTX Corp products. In order to maintain exclusivity, RACO is committing to purchasing a minimum of 15,000 units over the next 3 years.

Established in 1988, RACO is a privately held company founded by Rob Adams who was also the founder of RacoWireless. “The GPS SmartSole technology is a natural extension of our existing GPS tracking business. We are excited to partner with GTX Corp to provide assistance to those who suffer from cognitive disorders,” says Rob Adams, CEO of RACO Industries.

“As we continue to expand our channels of distribution we are excited to bring on a new partner in the U.S. that has a deep understanding of systems integration and the overall GPS/Wireless industry, stated Patrick Bertagna GTX Corp CEO.

GTX Corp’s patented GPS SmartSoles®, which were featured in AARP’s 2015 technology gear guide are a stigma free, safety and security unobtrusive monitoring and tracking solution for those afflicted from Alzheimer’s, dementia, autism, TBI and other memory disorders and have a tendency to wander. They are placed in the wearer’s shoes and contain a miniaturized GPS tracking chip connected through a cellular network that sends a signal to a monitoring portal or app, showing the exact location of the individual wearing the SmartSoles. They come in several trim to fit sizes for both men and women, are water resistant, made with the highest quality electronic components and assembled in Rhode Island, U.S.A.

The simplicity behind the SmartSole Platform is that when someone wanders off or becomes lost, a text or email alert is sent to a caregiver’s phone and computer with a direct link to a Google map plotting the wanderer’s location.  Alerts can be directed to a local authority and/or a private Call Centre to provide continuous monitoring and support.

Currently Alzheimer’s and dementia impacts over 6 million people in the U.S. with predictions of 16 million by the year 2050. Alzheimer’s is such a demanding condition, that it often impairs the health of those caring for the victims. Nearly 10 million caregivers, mostly family members, spend $148 billion dollars year for the care of their loved ones.

About RACO Industries, LLC

RACO Industries, LLC is an industry-leading integrator of mobile data collection solutions, ID card printing systems, mobile content deployment, wireless data and professional services.  RACO’s business solutions encompass most barcoding, card, and GPS application to enhance productivity and services of the mobile workforce. RACO Industries provides clients with real-time visibility to their mobile information at the point of service. Their customer base of logistics, transportation, manufacturing and service organizations rely on RACO to improve efficiencies and reduce costs.

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 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

www.linkedin.com/in/gtxcorp

General information, licensing or investor relations email:

info@gtxcorp.com

ir@gtxcorp.com

213.489.3019

 

GTX Corp United Kingdom

In the UK, GTX Corp operates from offices in London and its Dublin-based European distribution center.  For more information, please contact: Nelson Skip Riddle contact details are:

Email: nsriddle@gtxcorp.com

Tel: +44 7785 364100

Disclaimer: GTX Corp does not warrant or represent that the unauthorized use of materials drawn from the content of this document will not infringe rights of third parties who are not owned or affiliated by GTX Corp. Further GTX Corp cannot be held responsible or liable for the unauthorized use of this document’s content by third parties unknown to the company.

 

Forward Looking Statements

This news release contains forward-looking statements. The terms and phrases “expects,” “would,” “will,” “believes,” and similar terms and phrases are intended to identify these forward-looking statements. Forward-looking statements are based on estimates and assumptions made by GTX in light of its experience and its perception of current conditions and expected future developments, as well as other factors that GTX believes are appropriate in the circumstances. Many factors could cause GTX’s actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements. Certain risk factors that may cause actual results to differ are set forth in GTX’s Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (which may be obtained at http://www.sec.gov). These factors should be considered carefully, and readers should not place undue reliance on GTX’s forward-looking statements. GTX has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

#   #   #  #

share medium GTX Corp and RACO Industries Sign Distribution Agreement to Sell SmartSoles

GTX Corp Signs Definitive Patent Agreement with Inventergy and Receives First Payment

Los Angeles, Calif. – July 6, 2016– GTX Corp (OTCBB: GTXO), an IoT platform in the personal location wearable and wandering assistive technology business, announced today signing a definitive agreement 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, to spearhead their monetization efforts for its personal wireless location-based services IP assets. Both companies previously announced their letter of intent on May 10, 2016 and as part of the final agreement, Inventergy will have exclusive rights to license or sell 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. In exchange for the exclusive rights to sell or license these 3 patents, Inventergy will pay GTX Corp an advance against future income, in cash and INVT stock with a first payment on June 30th and then scheduled payments throughout the rest of 2016 and 2017.

Patrick Bertagna, GTX Corp Chairman and CEO stated, “We have been filing patents for over a decade including these Comm Protocols which were filed back in 2007 and 2008 before Apple and Samsung began selling GPS enabled Smartphones. This is a major turning point and significant milestone for GTX Corp. It validates our IP strategy and our ability to quickly execute on a monetization path to fuel our growth by leveraging our largest asset. We expect this IP deal to be the first of more to come in the future as we start exploring other monetization strategies with some of the other patents in our portfolio. The Inventergy team has been exceptional to work with and we look forward to a long lasting and prosperous relationship with them.”


Joe Beyers, CEO of Inventergy said, “GTX patents are applicable to remotely configurable tracking and location devices including smartphones and other GPS based products that are in use today and collectively represents a very sizable addressable market. We believe this partnership will allow us to build a successful monetization program around these assets.”

The agreement will still allow GTX to fully utilize these patents in its core business while providing Inventergy the ability to go license or sell the 3 patents and do a 45%/55% revenue share on all future income after the initial advance.

About Inventergy Global, Inc.

Inventergy Global, Inc. (“Inventergy”) is a Silicon Valley-based intellectual property company dedicated to identifying, acquiring and licensing 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, visit www.inventergy.com.

Contact:

Robert Haag

IRTH Communications

INVT@irthcommunications.com

866-976-4784

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 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

www.linkedin.com/in/gtxcorp


General information, licensing or investor relations email:

info@gtxcorp.com

ir@gtxcorp.com

213.489.3019

GTX Corp United Kingdom

In the UK, GTX Corp operates from offices in London and its Dublin-based European distribution center.  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.

#   #   #  #

share medium GTX Corp Signs Definitive Patent Agreement with Inventergy and Receives First Payment