Los Angeles, Calif. – March 2, 2016 – GTX Corp (OTCQB: GTXO), a pioneer and global provider of personal location wearable technologies, was granted another U.S. patent related to its location based monitoring platform and communication protocols. The recently issued U.S. patent No. 9,219,978 is a significant addition to the existing family of communication protocol patents and to GTX Corp’s overall patent portfolio. In addition, GTX recently filed another patent application in this family, thus preserving the right to file more patent applications in the future under the “286” banner with a February 2008 priority date.
“This is treasure trove of valuable inventions and another potential game changer in our intellectual property portfolio,” commented Larry E. Henneman, Jr., GTX Corp’s patent counsel for over 10 years. “It is becoming more apparent that these patents are very significant, especially with a priority filing date going back to early 2008 when many of the location based technologies had not yet been fully developed, and certainly not with the functionality pertinent to wearable technology today. In addition the portfolio has a current pending application, which means that we can continue to file divisional and/or continuation patents claiming the comm protocol features that were disclosed in our original filing.”
“The value of these patents for GTX is they extend far beyond our core footwear applications and into areas such as GPS watches, fitness wearables that track location, hand-held GPS devices, tracking apps on smartphones and tracking devices and platforms in general, said Andrew Duncan GTX Corp director of business development. We are extremely pleased to have been issued another patent in our very valuable family of patents which are key inventions to how almost all 2 way GPS devices function today.”
All three of the GTX Corp patents – US 8,154,401, US 8,760,286, and US 9,219,978, provide significant value especially because these patents are not limited to any particular form factor or industry and are applicable to any generic tracking device, which, in its simplest form includes a communication device (i.e. cell phone modem, blue tooth or Wi-Fi communicator), a location detector (i.e. GPS or Wi-Fi Module) and data memory. This technology is now commonly embedded in millions of devices, deployed across numerous industries.
Patrick Bertagna, GTX Corp CEO concluded, “Back in 2008 as we were trail blazing wearable technology, Apple had yet to launch the iPhone, nobody had heard of Fitbit and GPS was mostly in cars, boats, planes and about to be introduced in our GPS smart shoes. Being at the forefront of this industry we created several protocols and filed patents on these inventions. Fast forward to 2016 and the world changed – location based technologies are now ubiquitous! As a pioneer and forward thinker in this industry and having had excellent legal counsel along the way we made the early investments in building a robust IP portfolio which today is culminating not only as a barrier to entry to our core business but also increasing the overall GTX enterprise value.”
The original patent specification that underlies the Communication Protocol family of patents describes many other potentially patentable communication/configuration features. Due to the current pending divisional application in this family of patents, GTX is entitled to and plans to pursue additional patents on several of these key features.