FinancialBuzz.com News Commentary
NEW YORK, January 10, 2018 /PRNewswire/ —
According to a report published by Marketsandmarkets, the Internet of Things (IoT) market size is expected to grow from USD 170.57 billion in 2017 to USD 561.04 billion by 2022, at a compound annual growth rate of 26.9 percent. The report indicates that the increasing adoption of cloud platforms and the developments of advanced data analytics are some of the main factors that drive the internet of things market. North America is expected to dominate the market during the forecast period as the North American companies invest heavily in R&D. GTX Corp. (OTC: GTXO), Intermap Technologies Corporation (OTC: ITMSF), Gopher Protocol Inc. (OTC: GOPH), Ability, Inc. (NASDAQ: ABIL), Inpixon (NASDAQ: INPX)
The report also point out that service will be the fastest growing segment in the market during the forecast period, “the integration of new services and solutions into the company’s contemporary functioning system or the infrastructure necessitates the company to be acquainted with comprehensive detailed insights about the services. Additionally, the organizations also need to have an in-depth knowledge about the benefits that the new service can offer to their customers and employees. This knowledge is provided through a specific set of channelized services offered by the IoT service providers, and sometimes the solution providers themselves.”
GTX Corp. (OTC: GTXO) an Internet of Things (IoT) solutions provider in the personal location, wearable and wandering assistive technology business, recently announced, “that it will be presenting its new Biometric Insoles and previewing some of its other new products scheduled for launch in 2018, including the children’s GPS SmartSole®, GPS InvisaBelt designed for toddlers and the Armatrak GPS Rifle Tracker, at the annual Consumer Electronics Show (CES) in Las VegasJanuary 9-12. Executives from GTX and the Company’s strategic partner, Veristride, will be scheduling one-on-one appointments throughout the week.
For those interested in learning more about this ground breaking and cost savings technology can stop by Thursday, January 11 from 2:00 to 5:00 PM PST in hospitality suite 310 at the Las Vegas Westgate Tower. To schedule a meeting please send an email with CES Meeting in the subject line to info@gtxcorp.com .
GTX Corp and Veristride began collaboration in August of 2017 to develop an easy to use, nonvisible, inductive charging, wearable gait solution to analyze movement and activity, using custom sensors at the foot and biomechanical analytics and algorithms to provide gait analysis and movement which is considered a key metric in fall risk detection and prevention for people 65 and older. Gait analysis can also help detect if there is a sudden adverse reaction to new or existing medication, an undetected stroke or even early onset of dementia – all of which for seniors is vital to their wellness, longevity and quality of life, while prevention and early detection can save millions of dollars in healthcare costs.
– Each year, 2.8 million older people are treated in emergency departments for fall injuries.
– Over 800,000 patients a year are hospitalized because of a fall injury, most often because of a head injury or hip fracture.
-Adjusted for inflation, the direct medical costs fall injuries are $31 billion annually.10 Hospital costs account for two-thirds of the total.
Patrick Bertagna, GTX Corp CEO, commented, “Despite preventive efforts, falling continues to be a major problem for seniors both at home and in community or assisted living facilities, not to mention the tremendous cost to the healthcare industry. By simply wearing a pair of biometric insoles, we will be able to monitor a person’s activity and any change in balance which in many cases can tell us a lot about that person’s overall well-being. Seniors need to stay as active as possible, but many times due to aging, fear, loss of motor skills or loss of memory, they become sedate, which leads to a decline in overall health. Our goal is to provide seniors with wearable technologies that empower them to stay active while not compromising their safety. Being able to prevent, delay or accurately predict falls, undetected strokes, affect from medicines and even early onset of dementia by wearing a smart non-intrusive footwear device can offer significant improvements in senior care and wellness along with substantial cost savings.”
…Stacy Bamberg, Veristride CEO, added, “We are excited to present and demonstrate our gait analytics technology at CES. The biometric insoles will address many important needs for the senior community and help remedy the physical, emotional and financial stresses due to falling. By providing constant symmetry information anytime and anywhere, without having to go to a doctor’s office or see a physical therapist, will help drastically improve how people live their lives and the healthcare industry manages costs.”
Intermap Technologies Corporation (OTC: ITMSF) is an industry leader in geospatial intelligence solutions. These geospatial solutions are used in a wide range of applications including, but not limited to, location-based information, risk assessment, geographic information systems, engineering, utilities, global positioning systems, oil and gas, renewable energy, hydrology, environmental planning, land management, wireless communications, transportation, advertising, and 3D visualization. On November 15, 2017, the company reported financial results for the third quarter ended September 30, 2017. For the third quarter of 2017, Intermap reported net income of $1.1 million, compared to a net loss of $2.0 million for the same period last year. Total revenue for the quarter increased 91% to $6.3 million, compared to $3.3 million last year.
Gopher Protocol Inc. (OTCQB: GOPH) is a development-stage company which consider itself Native IoT creator, developing Internet of Things (IoT) and Artificial Intelligence enabled mobile technology. The Company has a portfolio of Intellectual Property that when commercialized will include smart microchips, mobile application software and supporting cloud software. On December 21, 2017, the company announced that its joint venture partner entered into an agreement with a developer/manufacturer to begin manufacturing prototypes of its proprietary pet tracking device. The Guardian Orb Pet Tracker is a derivative technology of Gopher’s Guardian Patch tracking technology and is designed to provide its users with local tracking capability using a re-chargeable/replaceable battery source.
Ability, Inc. (NASDAQ: ABIL) provides advanced interception, geolocation and cyber intelligence tools used by security and intelligence agencies, military forces, law enforcement and homeland security agencies worldwide. Ability offers a broad range of lawful interception, decryption, cyber and geolocation solutions for cellular and satellite communication, including ULIN, or Ultimate Interception, the first-to-market SaaS strategic interception system with voice, text and geolocation capabilities without geographic limitation. State-of-the-art technology underpins Ability’s scalable offerings, which can be tactical-and-portable, or strategic-and-fixed, depending on its customers’ needs.
Inpixon (NASDAQ: INPX) is a leader in Indoor Positioning and Data Analytics. Inpixon sensors are designed to find all accessible cellular, Wi-Fi, and Bluetooth devices anonymously. Paired with a high performance, data analytics platform this technology delivers visibility, security, and business intelligence on any commercial or government premises world-wide. Inpixon’s products, infrastructure solutions, and professional services group help customers take advantage of mobile, big data, analytics, and the Internet of Things (IoT) to uncover the untold stories of the indoors. Recently, the company announced that it will use blockchain to develop a global repository of device reputations to help enterprise security and retailers mitigate rogue-device risk proactively. For enterprise security, where the burgeoning use of the Internet of Things (IoT) is exposing businesses to unaccounted amounts of threat, the use of blockchain technologies in our IPA will assist to maintain and propagate device reputation, enforcing security policies and attaining compliance.
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