JANUARY 31, 2020 AIVENTURETECH
(NEW YORK)–AI VentureTech, Inc. announces plans to utilize GTX Corp (OTC: GTXO) GPS wearable tracking technology and NFC solutions to build future Artificial Intelligence (AI) and Machine Learning (ML) applications for commercial markets.
GTX Corp is a pioneer in the field of wearable GPS, people and asset tracking Location-Based Services (LBS) and Real-Time Location Systems (RTLS). The Company will explore the development of AI based applications utilizing data from GTX Corp GPS wearable products.
Predictive Tracking of High-Risk Patients
One area of research would be in developing analytical and predictive applications for high risk patients such as Alzheimer’s and Dementia. We could build applications that utilize GTX Corp patented GPS SmartSole® wearable shoe product to build data sets that better predict locations for patients who may wonder based on past data and patterns.
Shipping and Logistics
At the enterprise level we plan to explore development of tracking analytic applications to increase efficiencies and cost savings for the shipping, fleet management, and logistics industry.
We will explore how to utilize the GTX tracking and real-time monitoring platform to track high value assets, especially within the area of valuable consumables such as wine, pharma and cannabis, to provide dispensaries an out of the box track and trace solution to comply with inventory management regulations and better data management.
GTX utilizes the latest in miniaturized, low power consumption GPS, Cellular, RF, BLE and NFC technology, enabling subscribers to track in real time the whereabouts of people or high value assets. GTX is known for its game-changing and award-winning patented GPS SmartSole® — think Dr. Scholl’s meets LoJack, the world’s first invisible wearable technology tracking device created for those at risk of wandering due to Alzheimer’s, dementia, autism and traumatic brain injury. www.GPSSmartSole.com
Thomas Bustamante, the Founder and CEO of AI VentureTech, Inc. commented, “We are very excited to explore possible ways we can develop data related applications utilizing GTX Corp suite of GPS tracking and wearable products. At the forefront of any big data related products is of course data itself. GTX Corp products provide a great source of tracking data on which we can build data sets and models for both analytics and prediction applications for both commercial and enterprise clients. We look forward to collaborating with GTX Corp in finding new ways to utilize their products in building out AI and Cloud based applications for future clients.”
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About GTX Corp
GTX Corp (OTCQB: GTXO) is a pioneer in smart, mobile and wearable GPS tracking and recovery location-based solutions, supported through a proprietary IoT enterprise monitoring platform and intellectual property portfolio. GTX offers a global end-to-end solution of hardware, software and connectivity and develops two-way GPS tracking technologies, which seamlessly integrate with consumer products and enterprise applications. www.GTXCorp.com
The company has international distributors servicing customers in over 35 countries and is a U.S. Military Government contractor. Other customers include public health authorities and municipalities, emergency and law enforcement, private schools, assisted living facilities, NGOs, small business enterprises, senior care homes, and consumers.
About AI VentureTech
Located in New York City, AI VentureTech leverages cutting-edge AI technologies to deliver AI-related products and solutions that empower enterprise customers and partners through improving their business efficiency, enhancing their value and realizing their digital transformation. Our team of data scientists and engineers can customize AI-powered software and technical solutions for both companies and institutions looking to leverage data and machine learning for greater business value. The Company seeks growth through both collaboration and acquisition of dynamic new start-ups in the areas of business analytics, machine learning, natural language processing (NLP), visualization tools, predictive modeling, and cloud advanced analysis. www.aiventuretech.com
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