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 Physical and Digital assets,” said Raghu Bala, CEO of NetObjex.
Integration between NetObjex and GTX has already begun and once completed a joint customer pilot will be announced. Additionally, NetObjex will begin offering GTX enabled products to certain customers as part of the partnership.
“As part of our ongoing collaboration program we are pleased to partner with Netobjex and begin offering integrated smart hardware with their analytics platform and PiQube.” stated Theresa Gordon, GTX Corp NFC business leader. We also congratulate them for being selected as one of the Top 15 companies globally at the Telcom Council innovation showcase event in Sunnyvale California.
GTX Corp (OTCQB: GTXO) is 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. GTX offers a global end-to-end solution of hardware, software and connectivity and develops two-way GPS tracking technologies, which seamlessly integrate with consumer products and enterprise applications. GTX Corp utilizes the latest in miniaturized, low power consumption GPS, Cellular, RF, NFC and BLE technology, enabling subscribers to track in real time the whereabouts of people or high value assets. Headquartered in Los Angeles, California, GTX is known for its game-changing and award-winning patented GPS SmartSole® — think Dr. Scholl’s meets LoJack, the world’s first invisible wearable technology tracking device created for those at risk of wandering due to Alzheimer’s, dementia, autism and traumatic brain injury. GTX Corp’s business model is built around technology innovation and holds over 85 patents, with many issued patents in the area of GPS tracking. The company has international distributors servicing customers in over 35 countries and is a U.S. Military Government contractor. Other customers include public health authorities and municipalities, emergency and law enforcement, NGOs, private companies, public and private senior care homes, and consumers.
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NetObjex is an Intelligent Automation Platform for Smart Cities and Connected Enterprises with applications in Energy, Transportation, Manufacturing/Industry 4.0, Supply Chain and Logistics, Media, Healthcare and more. Contact: Georgey Jacob, Director of Marketing, georgey@netobjex.com. Visit www.netobjex.com.
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Forward Looking Statements
This news release contains forward-looking statements. The terms and phrases “expects,” “would,” “will,” “believes,” and similar terms and phrases are intended to identify these forward-looking statements. Forward-looking statements are based on estimates and assumptions made by GTX in light of its experience and its perception of current conditions and expected future developments, as well as other factors that GTX believes are appropriate in the circumstances. Many factors could cause GTX’s actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements. Certain risk factors that may cause actual results to differ are set forth in GTX’s Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (which may be obtained on the SEC Website). These factors should be considered carefully, and readers should not place undue reliance on GTX’s forward-looking statements. GTX has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.