GTX has been filing patents in the GPS space since its founding in 2002 and has been issued close to 25 utility and design patents with over 1,190 claims over the years; the majority of which are utility patents. Many of these patents have filing dates going back to pre-2010 which gives them greater value in the market including 4 patents which are reissued patents granted in 2006, protecting our flagship product of wearable footwear.
The market for IoT devices is expanding rapidly whether the devices are embedded into other objects that may be worn or stand-alone units that may be carried or fixed to vehicles and other objects. All of these products rely on receiving information from GPS and communicating it back to a backend portal residing on a server.
The GTX portfolio is not only used as a barrier to entry from competition but also generates revenues as part of our IP licensing campaign.
The portfolio is subdivided into three categories:
GPS Footwear- wearable technology | Backend Server – processing data | Communication Protocol – devices communicating with the backend server
Many of our more resent patents have ‘open continuation’ which allows the Company to continue to file additional claims based upon the previously issued patent date, expanding the reach and importance of the portfolio.
The company has also filed and issued patents in other areas related to wearable tracking technology that include the manipulation and processing of location and tracking data at the head end or portal and a group of patents that covers various ways that the configuration settings can be changed by a communication between the remote systems and the tracking device, as well as how certain data is communicated.
Some of the patents have been filed and issued internationally giving coverage for GTX’s technology outside of the U.S. in Canada, Mexico and Europe.
Other patents in the portfolio are part of an ongoing outbound licensing program and campaign, and have already been licensed to over a dozen companies operating across the globe.
Due to the nature of IoT connections, the products will at times loose or not connect with a network and hence will need to store data and send it back to the head end at a later date – buffering. Settings for power states and location based services are almost always controlled from a main portal or server.
24 patents and/or pending applications and several trademarks :
- 14 issued U.S. utility patents,
- 2 issued U.S. design patents
- 3 issued foreign national utility patents; 2 in Mexico, 1 in Canada
- 3 pending U.S. utility patents
- 1 pending U.S. provisional patent
- 1 pending European foreign national patent application
Portfolio breaks into three main categories both utility and design patents: - Tracking device (embedded);
16 patents issued (including 4 reissued patents), 3 patents pending - Server/backend/subscriber;
1 patent issued with on going continuation - Communication Protocol;
4 issued patents, with on going continuation
In accordance with Section 287(a) of Title 35 of the United States Code, the reader is hereby placed on notice of GTX Corp’s rights in the United States Patents listed on this site and associated with the following products.
The GPS SmartSole, model number GTX-GSS-01
US 8,154,401, US 8,760,286 and US 9,219,978