Category Archives: Blog

National Healthcare Agreement signed by GTX’s Swedish Distributor

National Healthcare Agreement signed by GTX’s Swedish distributor, Posifon AB, to Supply GPS SmartSoles to Health Authorities and Municipalities. LOS ANGELES CALIFORNIA, April 21,2022: GTX Corp (OTCQB: GTXO) (“the Company”), a pioneer in the field of location based wearable GPS human and asset tracking systems and Posifon AB, a Swedish IT/Telecom company focused on senior health care monitoring, today announced that a national agreement has been signed that gives all municipalities and healthcare providers across Sweden access to supply the GPS SmartSole tracking solution and monitoring services. Sweden has a population of more than 10 million people of which approximately 3% have some form of cognitive issues such as Alzheimer’s, dementia, or autism, and under the Health and Medical Services Act, Sweden’s health system provides universal coverage to all legal residents.  “This is a significant development and opportunity to expand the sales and distribution of the GPS SmartSole to over […]

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GTX Reports 2021 Financial Summary

April 15, 2022 15:40 ET | Source: GTX Corp LOS ANGELES CALIFORNIA, April 15, 2022 (GLOBE NEWSWIRE) — GTX Corp (OTC: GTXO) (“GTX” or the “Company”), a pioneer in the field of location based wearable GPS human and asset tracking systems and a supplier of Health and Safety personal protective medical equipment, today announced a summary for the year ended December 31, 2021. 2021 Financial Highlights: Cash on hand increased 44% over 2020 comparable period. Revenue decreased 44% over 2020 comparable period. Accounts Payable decreased 16% over 2020 comparable period. Inventory decreased 16% over 2020 comparable period. Customer base increased 53% over 2020 comparable period. Operating expenses increased 7% over 2020 comparable period. Debt decreased by 22% from previous 2020 comparable period. Management commentary: Patrick Bertagna, GTX Corp CEO. 2021 brought us Covid related opportunities and setbacks. Early in the year, we stated we could not accurately predict how long the Personal Protection Equipment (“PPE”) business […]

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SmartSoles Live in Japan!

SmartSoles Live in Japan! For the first time ever, GPS SmartSoles walked through the streets of Tokyo, Japan in local market testing. This success is significant as Japan is part of our top 24 strategic go-to-market ready nations, due in large part to the larger senior population there.

Brand Ambassador Ray Ciancaglini as keynote Speaker at Columbia University

Ray Ciancaglini SmartSole brand ambassador discusses the impact of Traumatic Brain Injury (TBI) as keynote Speaker at Columbia University.

GTX Issued Two Patents from USPTO 

LOS ANGELES, CALIFORNIA – March 23, 2021 – GTX Corp (OTC: GTXO) (“the Company”), a pioneer in the field of health & safety wearable GPS human and asset tracking systems and personal protective medical equipment, announced today it has been issued two new patents by the United States Patent and Trademark Office (USPTO).  U.S. patent number 11,272,761 is now the 4th patent to be issued in the GPS SmartSole family and U.S. patent 11,272,313 is now the 6th patent to be issued in the Comm Protocol family. The SmartSole patent 761 covers proprietary ways to protect and manufacture a GPS electronic module, including the inductive charging unit inside an orthotic insole. The patent has 20 claims, 2 of which are independent and an open continuation for further expansion, which has already been submitted to the USPTO. “This 4th SmartSole patent not only strengthens our competitive barriers to entry, as we […]

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New to the Street on the Fox Business Channel talks with GTX Corp CEO Patrick Bertagna

New to The Street TV brings back Mr. Patrick Bertagna, GTX Corp’s (OTCPINK: GTXO) CEO, who talks with TV Anchor Jane King about the Company’s core business, medical tracking, and monitoring. As a medical device provider and a leader in the innovation on health monitoring wearables, Patrick talks about the evolution and revolution at GTX to bring new medical devices to increase longevity – live longer, better, and healthier. The Company’s GPS SmartSole®, the core technology, focuses on people with cognitive disorders who can easily get lost and disorientated. The GPS tracker is hidden and sealed within a shoe which can locate those in need, giving family and care keepers a reliable product for safety concerns. The next generation of footwear products contains algorithms that monitor multiple human functionalities, sending and storing data on the GTXO’s cloud-based servers. End-users can feel assured that their data isn’t misused, typical of large […]

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GTX Corp CEO joins ‘New to The Street TV’ Anchor, Jane King, for an interview.

Patrick Bertagna gives a brief overview of the Company’s mission that focuses on health and safety products. Through three very distinct business divisions – tracking and monitoring solutions, distributing / manufacturing medical supplies, and intellectual property licensing, GTX Corp sells goods and services in over 35 countries.

GTX Corp becomes Authorized Sales Partner of Opu Labs and begins Selling Early Screening COVID Test

LOS ANGELES, CALIFORNIA – December 29, 2021 – GTX Corp (OTC: GTXO) (“GTX” or the “Company”), a pioneer in the field of health and safety wearable GPS human and asset tracking systems and a supplier of personal protective medical equipment, announced today that it has begun sales and distribution of asymptomatic COVID screening tests.  This simple, noninvasive screening test provides results immediately with 96.8% accuracy, there is no need to go to a lab or wait hours or days for your results. This is an affordable and convenient home, office, or school early prescreening solution for anyone who wants or needs to know if they may have been infected with the virus even before showing any symptoms.  Key Attributes of the Test: Asymptomatic screening at PCR levels. 96.8% Accurate. Non-invasive – safer and much less painful than standard nasal swab. Easy self-administered through a simple smell test and app, no […]

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GTX Receives Notice of Allowance from USPTO for New Patent

LOS ANGELES, CALIFORNIA – December 9, 2021 – GTX Corp (OTC: GTXO) (“the Company”), a pioneer in the field of health & safety wearable GPS human and asset tracking systems and personal protective medical equipment, announced today it has received a notice of allowance for a new patent by the United States Patent and Trademark Office (USPTO). This will be the 4th utility patent in the GPS SmartSole family and will cover various ways to design, protect and manufacture a GPS device inside an insole including the inductive charging unit. The patent has 20 claims, 2 of which are independent and open continuation for further expansion. “Having 4 patents granted on the insole, and more patents expected through divisional applications, demonstrates the number of technological challenges GTX overcame to make a water-resistant insole with a global tracking device, that can be charged inductively a commercial reality,” said Larry Henneman, Patent […]

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GTX Corp Reports Third Quarter 2021 Financial Results and Corporate Summary Update

LOS ANGELES CALIFORNIA, November 19, 2021 GTX Corp (OTC: GTXO) (“the Company”), a pioneer in the fields; of health & safety, wearable GPS human and asset tracking systems and personal protective medical equipment and supplies, today announced financial results for the Third Quarter ended September 30, 2021 and provided the following corporate summary: Nine Month Financial Highlights Overall Revenue decreased 42% over 2020 comparable period.  Gross Margin increased 2% over 2020 comparable period. Wages and benefits decreased 19% or $92k over 2020 comparable period. R&D reduced by 89% as we shift to full production of 4G SmartSoles. Total Current Liabilities reduced 5% or $162k from 2020 comparable. Total debt, excluding PPP loans, reduced 11% or $198k over 2020 comparable period. Cash on hand increased 29% or $66K over 2020 comparable period. Stockholder’s deficit decreased 20% or $477k over 2020 comparable period. Did not take on any new debt. Management commentary […]

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