Category Archives: Press Releases

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 […]

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GTX Corp CEO – Patrick Bertagna on July 4th Participated in the Telefonica IoT Kitchen Talk Summit via video conferencing.

Mr. Bertagna discussed wearables and implants along with the impact of a hyper connected society and the impact and what the future holds for wearables and beyond to technology implanted inside the human body. The final statement from the moderator “we are all cyborgs, we just don’t know it yet” Photo Credit to: Henrik Andree

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 GPStracking 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 […]

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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 ofInventergy 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 […]

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GTX Corp Signs Research Collaboration Agreement with George Mason University’s College of Health and Human Services

Los Angeles, Calif. – June 29, 2016– GTX Corp (OTCBB: GTXO), an IoT platform in the personal location wearable and wandering assistive technology business, announced today the signing of a collaboration agreement with George Mason University’s College of Health and Human Services. In collaboration with investigators from the Milken Institute School of Public Health at the George Washington University, who have expertise in the economics of disease management and mobile health technologies, the University will utilize GTX technology and data in order to study wandering habits in elderly people with Alzheimer’s and dementia. The initial project will begin in early fall 2016 and is expected to last 1 year, and if successful, will be followed up with a large scale project planned for another 2-3 years. The goal of the project is to investigate the possibility of using GPS data collected by GTX’s SmartSole for predicting wandering patterns of elderly […]

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GTX Corp Featured in the 1IT Enterprise Magazine 2016 Special edition of the 25 most Empowering IoT Companies

GTX Corp – Keeping you connected to who matters most… Patrick Bertagna, CEO Click to Read the Magazine GTX Corp (GTXO) is a pioneer in Smart, Mobile and Wearable GPS tracking and recovery location based services, 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®– […]

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GTX Corp Featured at Google I/O

On May 18-20, Google I/O 2016 featured thousands of developers and products, including GTX Corp’s SmartSole and Smart Locator Application, for three days at Google’s annual developer conference at the Shoreline Amphitheatre in Mountain View, CA. Google I/O 2016 brings together developers for an immersive, three-day experience focused on exploring the next generation of technology, mobile and beyond. GTX Corp’s GPS SmartSole and Smart Locator application were featured in Geo sandbox Sugarbear, a 1959 PD-4104 General Motors Coach that measures 35’ long by 8’ wide with a diesel engine outfitted for biodiesel. Last year, Sugarbear traveled across the USA and had been re-introduced to Google I/O this year as a station for demos to be brought to life for users. Users were able to use the GTX Corp App and see firsthand how the SmartSole operates. In addition to GTX, Google Maps APIs also featured Trucker Path, Zendrive, Postmates and […]

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GTX Corp Expands Distribution in the U.K.

Telmenow.com added to the GPS SmartSole Growing list of International Distributors LOS ANGELES, CALIFORNIA –May 18, 2015 – 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 telmenow.com in the UK, an on-line healthcare technology specialist supplying a range of products and services to help the elderly live independently in their own homes. “We are excited to be launching the GPS SmartSole”, said Mike Handford, Supplier Support Manager, “we believe that the product’s unique, discreet and comfortable qualities will make it an invaluable part of the GPS tracking technologies that we currently offer our customers”. The UK is a significant market for GTX, with approximately 850,000 people afflicted with dementia today and that number is expected to grow to 1 million by 2025. Two thirds of them are women and over 60,000 deaths are […]

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GTX Corp – Message from The CEO – May, 2016

The global wearable devices market continues to gain momentum and is projected to reach US$4.5 billion by 2020 Innovative IoT devices such as the patented GPS SmartSoles, that are user-friendly, unobtrusive and designed to transmit data offer more efficient care, while reducing costs and stress. Wearable medical devices are “connected” devices, with features such as wireless data transmission, real-time feedback, alerting mechanism, and more. The miniaturization of wireless communication and sensor technology, combined with more power efficiency and greater computation capabilities, all of which GTX Corp has been at the forefront both in development and patent filings, has enabled the shift of clinical monitoring beyond facilities to personal at home caregiving. Wearable medical devices will also become helpful to pharmaceutical companies for conducting efficient clinical trials to gather data remotely, and for insurers to provide outcome-based reimbursement. In the coming years, this technology is expected to play a critical role […]

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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 […]

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