Category Archives: Press Releases (GTXO)

GBT Technologies and GTX Corp Enter into a Second Letter of Intent Covering the Potential Worldwide Licensing rights for the Manufacturing, Sales and Distribution Focusing on qTerm

SAN DIEGO CALIFORNIA, August 4, 2022 — GBT Technologies Inc. (OTC: GTCH) (the “Company”), a technology company focused on developing a portfolio of Intellectual Property targeted on integrated circuits design automation, IoT (Internet of Things), mesh radio technology and Artificial Intelligence (AI), today announced that on August 1, 2022, the Company and GTX Corp (OTC: GTXO) (“GTX”), a pioneer in the fields of health & safety GPS wearables, human & asset tracking systems, and personal protective medical equipment supplies, entered into a second Letter of Intent (“LOI”) (the initial LOI was signed on June 10, 2021). The second LOI establishes a mutual path to evaluate the viability and market size of the Company’s Intellectual Property (IP) with the goal of the parties to enter a worldwide exclusive licensing agreement for GTX to manufacture, sell and distribute GBT’s products. The main focus is aimed on the qTerm – an AI driven, […]

Read More

smartsole market wandering assistive technology world countries

GTX Discusses the Future for Senior Healthcare

GPS SmartSole On a Place for Mom list of Best GPS Tracking Devices for Seniors with Dementia LOS ANGELES CALIFORNIA, July 12th 2022 GTX Corp (OTCQB: GTXO) (“the Company”), a pioneer in the field of wearable GPS human and asset tracking and recovery location-based solutions, supported through a proprietary IoT enterprise platform and intellectual property portfolio, announced the video replay of their recent Investor Presentation at the LD Micro 12th annual Invitational.  Watch the presentationGTX Corp Discusses the Future for Senior Healthcare at LD Micro Invitational – YouTube In the twenty-minute presentation and Q&A, Patrick Bertagna, Chief Executive Officer of GTX Corp, discussed the future of senior health care and the impact wearable medical devices will have on people afflicted with Alzheimer’s, dementia, and autism, along with the global size and scope of the market, business, and valuation model for their SmartSole. The video also highlights the GTX roadmap for […]

Read More

GTX Corp to Present at the LD Micro Invitational

Presentation Tuesday, June 7th at 4:30 PM PT Westlake Village, CA, June 1, 2022 (GLOBE NEWSWIRE) — via NEW MEDIAWIRE – GTX Corp (OTC: GTXO), 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, announced today that it will be presenting at the 12th annual Invitational on Tuesday, June 7th at 4:30 PM PT at the Four Seasons Westlake Village. Patrick Bertagna, Chief Executive Officer, will be giving the presentation. GTX Corp is a leading innovator in wearable GPS human and asset tracking solutions and through recent advances in technology, patents, and proprietary developments, GTX is well positioned to penetrate certain vertical market sectors such as (elderly care, remote patient monitoring (RPM) logistics, and high value asset management) of the sizable and growing Wearable Tech, and Track & Trace markets. “We are proud to be hosting […]

Read More

GTX Launches 4G GPS SmartSole across Germany in Partnership with ProteGear.com

LOS ANGELES CALIFORNIA, April 27th 2022: GTX Corp (OTC: GTXO) (“the Company”), a pioneer in the field of location based wearable GPS human and asset tracking systems and ProteGear.com, a German IT/GPS tracking specialist company, announced their cooperation to launch the latest generation of the GPS SmartSole product based upon LTE Cat M1 technology.  “We are excited to work with ProteGear, parent company Global SafeTrack Systems GmbH, to bring the latest generation of the GPS SmartSole technology to Germany,” stated Andrew Duncan GTX Director. “As the largest senior health care market in Europe, with a population of close to 84 million, it is very important for us to have a strong presence there.” The German health system provides universal population coverage either through social health insurance (SHI), which covers almost 90% of the population, or VHI (Voluntary Health Insurance.) Health insurance coverage is mandatory for the entire population. Coverage is […]

Read More

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 […]

Read More

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 […]

Read More

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 […]

Read More

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 […]

Read More

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 […]

Read More

GTX Corp Begins Selling Vita-Shield-Max Immune Support Nutraceutical

LOS ANGELES CALIFORNIA, November 2, 2021GTX 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 it has begun selling Halberd Corporation (OTC-PINK: HALB) Vita-Shield-MaxTM all in one immune support nutraceutical which helps maximize one’s natural immunity defenses. In addition to selling this propriety blend of natural immunity booster as part of GTX’s longevity revolution initiative, GTX and Halberd are also planning to work together on products for various neurodegenerative diseases such as Alzheimer’s and Traumatic Brain Injury, among others. Many of these diseases are prevalent among seniors, active duty and veteran soldiers, participants in contact sports, and millions of people in the general population. Halberd and GTX intend to work together to utilize their combined technologies and years of experience in the field to develop superior diagnostics/treatments for these […]

Read More