Category Archives: Investor News

GTX Corp Signs Collaboration Agreement with NetObjex

New partnership will provide the integration of the GTX Track & Trace products with the NetObjex Artificial Intelligence, Blockchain and IoT platform. LOS ANGELES CALIFORNIA October 2, 2019 – GTX Corp (OTCQB: GTXO), a pioneer and global technology provider in the field of wearable GPS human and asset tracking systems and Real-Time Location Systems (RTLS) wandering assistive technology, today announced signing a collaboration agreement with Netobjex, Inc., an Irvine CA. based Intelligent and Integrated Automation platform for tracking, tracing and monitoring digital assets across different industry verticals by leveraging the power of IoT, AI, and Blockchain technologies. Under the agreement, certain GPS, BLE and NFC based GTX devices will be integrated into the NetObjex backend platform and made available to the NetObjex vertical channel partners. “We are excited about partnering with GTX as their capabilities are complementary to our platform offerings, and our focus on Tracking, Tracing, and Monitoring of […]

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GTX Corp Reports Second Quarter 2019 Financial Results and Corporate Summary Update

LOS ANGELES, CALIFORNIA, August 20, 2019 GTX Corp (OTCQB: GTXO) (“the Company”), a pioneer in the field of wearable GPS, people and asset tracking Location-Based Services (LBS) and Real-Time Location Systems (RTLS), today announced a summary for the Second Quarter ended June 30, 2019. Second Quarter 2019 Financial Highlights: Revenues for the three months ended June 30, 2019 were approximately $842k compared to approximately $147k for the comparable period in the prior year for an increase of approximately $695k, or approximately 472%. Gross Profit Margin for the three months ended June 30, 2019 was 92% compared to 71% for the three months ended June 30, 2018. This increase in margin is primarily due to the increase in higher margin IP licensing, subscription services and military sales and service revenue during these periods. Gain from Operations for the three months ended June 30, 2019 was $412k as compared to ($248k) for the comparable […]

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RFID Journal- Blockchain Solution Employs NFC for Supply Chain Accountability

ShipChain and GTX are partnering to offer a solution that captures supply chain data throughout perishable goods’ journey from manufacturer to consumer, with a goal of boosting visibility and trust. By Claire Swedberg Aug 13, 2019—Logistics solution company ShipChain has teamed up with GTX Corp. to provide a blockchain-based solution leveraging Near Field Communication (NFC)-basedsensor data to capture, manage and share conditions throughout the supply chain. The solution consists of ShipChain’s software using GTX’s NFC smart tags with built-in temperature sensors. ShipChain offers a blockchain-based ship-and-trace software platform for its customers, which include food and pharmaceutical companies. Since its launch in 2017, the company’s universal visibility platform has focused on supply chain data, says John Monarch, ShipChain’s CEO. The goal, he says, is to insert visibility and subsequent accountability into the supply chain so that companies and consumers can each have trust in what happens as goods travel to customers. The system initially provided vehicle tracking via GPS so […]

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ShipChain and GTX Corp Launch Global NFC Blockchain Shipment Tracking Solution

New partnership will track temperature-sensitive shipments using energy-efficient NFC smart tags LOS ANGELES CALIFORNIA July 17, 2019 – Blockchain-based logistics ShipChain and GTX Corp (OTCQB: GTXO), a global tech leader offering a suite of GPS and NFC tracking location-based services, today announced a new partnership for a new global NFC blockchain shipment tracking solution. Under the agreement, ShipChain will use GTX’s temperature enabled NFC smart tags to track temperature-sensitive shipments. The tag requires no scanners, or wires, and records temperatures based on customer-defined intervals and durations. In addition, GTX offers other NFC products that ShipChain will utilize to optimize its Track and Trace Platform. “ShipChain’s new partnership with GTX is another step toward reaching our goal: a transparent, unified, end-to-end logistics platform,” said John Monarch, ShipChain CEO, “Until now, availability and cost of sensors was always a stumbling block. But GTX’s smart tags – integrated into ShipChain’s track and trace […]

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GTX Corp Announces Sale and Licensing of Patents and Technology to Inpixon

Core Footwear Tracking Business and IP Protection Retained by GTX Proceeds to Advance GTX Wearable Tech Development Pipeline LOS ANGELES, CALIFORNIA, July 8, 2019 — GTX Corp. (OTCQB: GTXO) (“the Company”), a pioneer in the field of wearable GPS, people and asset tracking Location-Based Services and Real-Time Location Systems, today announced that it has sold two patents and certain other assets and also provided two separate patent licenses to Inpixon (NASDAQ: INPX) in exchange for a combination of cash and shares of Inpixon common stock. More information regarding the transaction is available in the Form 8-K filed by GTX with the U.S. Securities and Exchange Commission. Inpixon, a leading indoor positioning and data analytics company based in Palo Alto, CA, entered into this transaction with GTX to acquire certain outdoor GPS-tracking technology and license intellectual property to expand the breadth of available systems it can offer to enterprise and government […]

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GPS SmartSoles Expand Distribution Throughout Scandinavian Countries and Featured at Dementia Days Conference in Copenhagen

LOS ANGELES CALIFORNIA, June 11, 2019 GTX Corp (OTCQB: GTXO) (“the Company”), a pioneer in the field of wearable GPS, people and asset tracking Location-Based Services (LBS) and Real-Time Location Systems (RTLS), today announced adding distribution channels of its GPS SmartSole through an agreement with Phoniro, a subsidiary of Assa Abloy, a leader in providing digital health care solutions to seniors in Denmark, Sweden, Norway, Finland , the Netherlands and U.K. In addition the flagship GPS SmartSoles were featured at the Dementia Days international conference on May 23-24, 2019 in Copenhagen Denmark. As part of an Assa Abloy Company, Phoniro is one of the clear market leaders in providing digital care solutions to the senior care sector with systems in use in over 200 municipalities and private care companies across Scandinavia. The collaboration will be managed through Posifon, the Sweden based distributor for the GPS SmartSoles whereby Phoniro will sell […]

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GTX Corp First Quarter 2019 Summary

LOS ANGELES, CALIFORNIA, May 28, 2019 GTX Corp (OTCQB: GTXO) (“the Company”), a pioneer in the field of wearable GPS, people and asset tracking Location-Based Services (LBS) and Real-Time Location Systems (RTLS), today announced a summary for the First Quarter ended March 31, 2019. First Quarter 2019 Highlights Overall Revenue decreased 59% over 2018 comparable period Overall Subscribers increased 26% over 2018 comparable period International Subscribers increased 37% over 2018 comparable period Domestic Subscribers increased 15% over 2018 comparable period IP Revenue increased 170% over comparable 2018 period Outside Financings decreased by 75% over 2018 comparable period Net cash used in operations decreased 45% over 2018 comparable period Management commentary: Patrick Bertagna, CEO, GTX Corp. Due to unforeseen and unexpected production delays surrounding Chinese New Year, we unfortunately missed our numbers because of timing and not being able to get product shipped out before the end of the Quarter. We […]

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GTX Corp GPS Platform Selected by Hill Air Force Base in Utah

LOS ANGELES, CALIFORNIA, May 17, 2019 GTX Corp (OTCQB: GTXO) (“the Company”), a pioneer in the field of wearable GPS, people and asset tracking Location-Based Services (LBS) and Real-Time Location Systems (RTLS), today announced that it has been awarded a new contract for an initial installation of its versatile and scalable military-grade tagging, tracking & locating (TTL) GPS platform at Hill Air Force Base in Utah (Hill). GTX Corp’s GPS Platform was developed for large-scale installations such as military bases. Hill is the second U.S. military base that plans to deploy the Personnel, Equipment Tracking System (P.E.T.S.), a lightweight, mobile, non-cellular, GPS technology platform designed to track personnel and equipment over a large remote area. The initial order is expected to be shipped and scheduled for phase I testing in June. “After the success we have had at Edwards Air Force Base in California, we are pleased to have received […]

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GPS SmartSole Featured in Sweden’s MedTech Magazine

This sole provides security when memory begins to fail April 24, 2019 9:04 PM | By Lisa von Garrelts | Tell the editors   TRANSLATED BY GOOGLE A discreet GPS alarm in the form of a sole that you have in your regular shoes. So, the solution can look when, for the sake of security, a little help is needed on the stack. With the GPS unit in the sole, the user does not carry any visible alarm that can disturb or be removed. The smart sole from Posifone, GPS Smartsole, is a GPS alarm placed in the shoes. It is activated when the user touches the shoe and notifies relatives, staff or an alarm center if the user passes outside a predetermined security area. The sole is a discrete set of providing tracking capabilities and facilitates the one who easily forgets, or does not want to wear a phone, a wrist or a pocket device. For caregivers and relatives of a […]

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GTX Reports 2018 Financial Summary

Revenue increased 28%, Product Sales increased 49%, Subscribers increased 20% LOS ANGELES CALIFORNIA, April 18, 2019 GTX Corp (OTCQB: GTXO) (“the Company”), a pioneer in the field of wearable GPS, people and asset tracking Location-Based Services (LBS) and Real-Time Location Systems (RTLS), today announced a summary for the year ended December 31, 2018. 2018 Financial Highlights Overall Revenue increased 28% over 2017 comparable period. Product Sales increased 49% over 2017 comparable period. International Subscribers increased 21% over 2017 comparable period. Domestic Subscribers increased 19% over 2017 comparable period. Military Sales increased 322% over 2017 comparable period. Gross Margin, excluding IP, increased from 50% to 67% from 2017. Loss from Operations decreased 1% from 2017. Cash used in Operations reduced 34% from 2017.   Management commentary: Patrick Bertagna, GTX Corp CEO.   As highlighted above, we had solid double-digit increases or decreases in the major metrics we measure – overall revenues […]

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