GTX Corp, an IoT platform in the personal location GPS wearable and wandering-assistive-technology business, has completed a successful SmartSole pilot program transitioning into a commercial launch in Germany. SmartSoles also launched this month in the United Kingdom.
GTX Corp has signed a reseller distribution agreement with Way4Net, a solution provider in geo-locating and tracking monitoring services. Way4Net placed its first commercial order, with scheduled delivery dates beginning this month and continuing monthly over the next six months.
GPS SmartSoles. GTX Corp’s flagship product, the GPS SmartSoles, are an unobtrusive monitoring and tracking solution for those who suffer from Alzheimer’s, dementia, autism, TBI and other memory disorders and have a tendency to wander.
The SmartSoles are placed in the wearer’s shoes and contain a GPS tracking chip connected through a cellular network that sends a signal to GTX Corp’s proprietary IoT platform monitoring website or smartphone app, showing the exact location of the individual wearing them. They come in several trim to fit sizes for both men and women, are water resistant, made with the highest-quality electronic components and assembled in Rhode Island, U.S.A.
The Dementia Problem. Germany has a population of 83 million people with approximately 1.6 million, or 2 percent of its population who are afflicted with dementia and Alzheimer’s. Just this week, German football legend Gerd Mullerannounced receiving treatment for Alzheimer’s disease. This disease is not limited only to the senior population — 24,000 people ages 45-65 are already diagnosed throughout Germany.
Many people mistake dementia as a natural consequence of getting older, when it is actually the result of damage to brain cells that affect memory. Dementia affects close to 50 million people worldwide today with no cure for this syndrome on the horizon.
“For us, the solution of GTX SmartSole is one of the best technologies to increase the quality of life of vulnerable people with the symptoms of dementia, Alzheimer’s, autism and other cognitive memory disorders,” said Eric Gnass, CEO of Way4Net. “We are very pleased to introduce this unique product on the German market.”
Transition to Commercial Launch. “We are extremely pleased to have another successful pilot transition into a commercial launch and we are proud to partner with a well-entrenched company like Way4Net,” said Andrew Duncan, GTX Corp director of business development. “We are currently investing a lot of resources in Germany, which is where we design and manufacture our GPS and cellular chip, and have recently signed an M2M agreement with Telefonica Germany which will support our connectivity throughout Europe. Between our launch in Germany and launch last week in the U.K., I plan to stay in Europe for another two weeks working with our partners and chip manufactures on our next-gen SmartSole, expected out in early 2016.”
The patented GPS SmartSoles, which were showcased in Munich at the Telefonica 2015 Innovation Conference Digital Innovation Day, were featured inAARP’s 2015 technology gear guide. Our Alzheimer’s GPS tracker also came in second place — with Microsoft finishing first and Samsung taking third place — in the 2015 Wearables, Health, Fitness & Wellness category at CTIA’s Hot for the Holidays Awards competition.
GPS SmartSole Launches in Germany for Alzheimer’s Monitoring