Category Archives: Investor News

GTX Corp. Is Bringing IoT to Everyone with a New Online Store – Equities.com

The IoT market is exploding. A recent report revealed the global Internet of Things (IoT) market spend will grow from $625.2 billion in 2015 to $1.29 trillion in 2020 — with a compound annual growth rate (CAGR) of 15.6%. This week, Dell Chairman and CEO made news when he announced that his company would be setting up a new research and development division that will invest $1 billion in intelligent technology. One driver behind IoT growing so rapidly happens to be because the technology works fluidly with many corners of the business world. An area where its impact is already being felt is in the healthcare field, specifically helping to protect our growing aging population. GTX Corp. (GTXO) is an award-winning company in the space that develops cost-efficient and wearable IoT technology that is improving the quality of life and safety for senior citizens. The company is best known for their GPS Smartsole® product, which is […]

​GTX Corp’s (GTXO) Military Contract Shows an IoT Provider Soaring in Multiple Sectors

Spotlight Companies | Monday, 25 September 2017 11:01 (EST) It is a remarkable moment for the secular shift to the Internet of Things. This new technology is permeating into many corners of various industries and disrupting a myriad of legacy business models. One company at the forefront is GTX Corp (GTXO), an innovator with a sizeable portfolio of patented and award-winning technologies. Recently, the company announced a brand-new contractwith the Department of the Air Force, further validating its industry-leading GPS wearable technology. GTX will be supplying Edwards Air Force Base with specially-designed non-cellular GPS technology to track personnel and equipment. The Personnel/Equipment Tracking System (PETS) developed by GTX allows for large-scale monitoring of both human and non-human assets in remote areas with poor cellular coverage. GTX’s devices for the Air Force will, through Radio Frequency technology, send latitude and longitude coordinates that are both updated in real-time and fully encrypted providing much needed support for servicemen […]

GTX Corp Receives Military Contract

Department of the Air Force Awards Contract for Personnel/Equipment Tracking System LOS ANGELES, CALIFORNIA – September 20, 2017 – GTX Corp (OTCBB: GTXO), an Internet of Things (IoT) solutions provider in the personal location, wearable and wandering assistive GPS technology business, announced today that it has filed and 8K for receiving a material contract from the Department of the Air Force to supply Edwards Air Force Base (AFB), located in Southern California, with a non-cellular, encrypted GPS technology platform in order to track personnel and equipment on the base. Edwards AFB will be the first military base to deploy the new GPS devices which are specifically developed by GTX Corp for large scale installations and bases that need to monitor the location and movement of both human and non-human assets, but due to their remote location or lack of conventional cellular coverage, the devices need to transmit through RF technology, […]

GTX Corp Partners with ORBCOMM to Enable GPS SmartSoles on the Verizon Network

New GPS SmartSoles connected and distributed in the U.S. through the ORBCOMM / Verizon channel partnership LOS ANGELES, CALIFORNIA –September 12, 2017 – GTX Corp (OTCBB: GTXO), an Internet of Things (IoT) solutions provider in the personal location, wearable and wandering assistive technology business, announced today that it has partnered withORBCOMM Inc. (Nasdaq: ORBC), a leading global provider of Machine-to-Machine (M2M) and IoT solutions, to provide connectivity and distribution in the U.S. for its new Verizon GPS SmartSole® product. SmartSole, which is launching this week ahead of schedule, will be available for order on the ORBCOMM web platform, which will enable connectivity on the Verizon nationwide network as well as provide monthly billing services. GTX Corp’s patented GPS SmartSoles, the world’s first wearable yet invisible tracking technology, are placed in the wearer’s shoes and contain a GPS module connected through a cellular network that sends a GPS location to a central monitoring website or app. The product […]

Equities.com writes: ​GTX Corp’s Smart GPS Wearable Technology Puts It on the Right Track to Growth

As the trend to use technological innovations to help seniors live longer and more fulfilling lives continues to grow around the world (generally referred to as the Aging 2.0 movement), the focus at GTX Corp is to develop innovative, cost friendly, wearable technology, such as the patented GPS SmartSoles, that can help lower healthcare costs while keeping people connected and protected (#connectedandprotected) for about a dollar a day. Across the United States, an estimated 5.5 million Americans have Alzheimer’s disease. This number is growing and estimates predict that number could reach 16 million by 2050. Of the millions of people who suffer from Alzheimer’s, six out of every 10 will wander, get lost or cannot remember their address. Of that group, 70% will become lost three or more times thereafter, and 46% of those not found within 24-hours may die. For these people afflicted with this deadly disease and the scores of those who […]

GTX Corp Nominated in Three Categories for Uptick Newswire’s 2017 Uppie Awards

Uptick Newswire Presents its First Category Nominees for the 2017 Uppie Awards Show Phoenix, AZ (Uptick Newswire – September 6th, 2017) – Uptick Newswire, LLC is proud to announce the first round of nominees and the categories that these companies are going to be presented in for its first annual 2017 Uppie Awards Show. Whether the company has contributed to a product break through or has attained unique attributes to their arena, these companies are being recognized for their excellent contributions to their industries. Categories: Companies that have Shown Inimitable Technology Growth in 2017  GTX Corp. (OTCPink:GTXO) Companies that have Applied the most Significant Technology Contributions to the Industry GTX Corp. (OTCPink:GTXO) One of a Kind Medical Technologies on the OTC Markets  GTX Corp. (OTCPink:GTXO) You can read the rest of the press release here.

GTX Corp Second Quarter 2017 Results

LOS ANGELES, CA – August 17, 2017 – GTX Corp (OTCQB: GTXO), an IoT platform and provider of personal location GPS wearable technology and wandering assistive technology, announces financial summary for the second quarter ending June 30, 2017. Second Quarter and Six Month Highlights Product revenues increased by 28% over 2016 comparable period International subscribers increased by 37% over 2016 comparable period Combined total revenues increased 8% over 2016 comparable 6 month period Net service income increased 97% over 2016 comparable period Gross margins increased 23% over 2016 comparable 6 month period Net loss decreased 21% over 2016 comparable 6 month period Overall product revenues were up 28%, however total revenues and product revenues were lower than expected this quarter due to a technical issue with the Company’s first production run of version 1.5 SmartSole. GTX Corp was able to resolve the issue; however not until after the quarter ended, hence 300 […]

GTX Corp’s GPS SmartSole on Top 13 Smart Shoe List

As footwear is continuing to gain traction in the wearable tech industry, GTX Corp remains a pioneer in the space as the first wearable footwear technology company.   LOS ANGELES, CALIFORNIA – August 16, 2017 – GTX Corp (OTCQB: GTXO), an IoT platform and provider of personal location GPS wearable technology and wandering assistive technology, is pleased to announce it has been recognized as one of the “Top 13 Smart Shoes That Combine the Best of Technology and Fashion” for its patented GPS SmartSole® by Techflier, a premiere resource for tech startup, computing innovation and technology news. As footwear continues to gain traction in the wearable technology industry, GTX Corp is widely recognized as a pioneer in the space as the first wearable footwear technology company, marking over 15 years of keeping users connected to who and what matters with a suite of GPS tracking location-based solutions such as the Company’s […]

GTX Corp Signs Collaboration Agreement with Veristride

Partnership Will Explore Gait Variability and Fall Risk Detection in Community-Living Older Adults LOS ANGELES, CA – August 10, 2017 – GTX Corp (OTC Pink: GTXO), an IoT platform in the personal location wearable and wandering assistive technology business announced today signing a collaboration agreement with Veristride, Inc., a company that specializes in wearable solutions to analyze gait movement at the source, using custom sensors at the foot and biomechanical analytics to provide feedback on how people walk, run and move. Gait technology is significant in fall risk detection and prevention, medication reaction, undetected stroke and early prediction of dementia. Being able to accurately monitor changes in gait/stride or activity levels specifically for seniors can have a major impact on their morbidity and mortality. Despite extensive preventive efforts, falling continues to be a major problem for seniors both at home and in community living facilities. Being able to accurately predict falls, strokes or […]

GTX Corp Receives a 4 Star Rating from Leading Industry Magazine

The U.K.’s favorite disability lifestyle publication, Able Magazine, has awarded GTX’s U.K. distributor, Possum, a 4 star rating for the patented wander recovery GPS SmartSole® LOS ANGELES, CALIFORNIA – August 2, 2017 – GTX Corp (OTCBB: GTXO), an IoT platform in the personal location wearable and wandering assistive technology business, and its U.K. distributor, Possum, have been awarded with a 4 star product rating for the patented GPS SmartSole® by the U.K.’s favorite disability lifestyle publication, Able Magazine,  making it the Company’s third internationally recognized award received in just the past month. Able Magazine reviews the best products in the marketplace in order to give disabled people a bench mark to look for as they purchase new disability specific equipment and assistive technology. Products are rigorously tested in four areas and given an overall score based on how they were judged regarding the following criteria: how well the product is made and how […]