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GTX Receives Initial Test Order from Sri Lanka Ministry of Defense

LOS ANGELES, CALIFORNIA, January 21,2020 GTX Corp (OTC: GTXO) (GTX), a pioneer in the field of wearable GPS, people and asset tracking Location-Based Services (LBS) and Real-Time Location Systems (RTLS), today announced it has received an initial test order from the Sri Lanka Ministry of Defense. Over the past twelve months, GTX has been working with the Sri Lanka government to get its GPS and Track & Trace solutions approved for sale and import into the country as part of a large scale requirement from the Sri Lanka Army, Disaster Management Centre, and Centre for Research and Development under the Ministry of Defense initiative to tag, track and locate (TTL) their personnel and equipment. Shortly following the Sri Lanka government approving their 2019 annual budget of $17.5 billion, GTX received an Official Letter and Certificate (registration number F191478) approving GTX as a registered supplier for the year 2019 under the […]

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GTX Corp Reports Third Quarter 2019 Financial Results and Corporate Summary Update

LOS ANGELES, CALIFORNIA, November 18, 2019 GTX Corp (OTCQB: GTXO) (“the Company”), a pioneer in the field of wearable GPS, people and asset tracking Location-Based Services (LBS) and Real-Time Location Systems (RTLS), today announced a summary for the Third Quarter ended September 30, 2019. Third Quarter 2019 Financial Highlights: Revenues for the three months ended September 30, 2019 were approximately $340,000 compared to approximately $195,000 for the comparable period in the prior year for an increase of approximately $145,000, or 74%. Gross Profit Margin for the three months ended September 30, 2019 was 89% compared to 77% for the three months ended September 30, 2018. This increase in margin is primarily due to the increase in higher margin IP licensing, Professional Services and subscription revenue during these periods. Income from Operations for the three months ended September 30, 2019 was $73k as compared to ($227k) for the comparable period in the prior […]

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GPS SmartSoles Expand Government Supported Distribution in Europe

LOS ANGELES CALIFORNIA, October 10, 2019 GTX Corp (OTCQB: GTXO) (“the Company”), a pioneer in the field of wearable GPS, people and asset tracking Location-Based Services (LBS) and Real-Time Location Systems (RTLS), today announced U.K. distributor Possum, has begun supplying the GPS SmartSoles to various local and national government authorities, housing associations and National Health Services (NHS) departments, along with expanding distribution into private sector entities.   As GTX continues to expand its distribution across the U.K. The GPS SmartSole is now being used on patients in over 45 local health authorities including Scottish Borders, Warrington, Rotherham and the London Borough of Newham; major national Care Homes like Gracewell Healthcare and Sunrise Senior Living as well as numerous resellers of medical supplies and National Equipment Providers to the National Health Service (NHS) like Millbrook Healthcare. “We are excited to see the distribution and interest of the GPS SmartSole grow across […]

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GTX Corp Signs Collaboration Agreement with NetObjex

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 […]

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Former boxer works on preventing head injuries: “I don’t want anyone to go through what I went through”

American Ray Ciancaglini, 68, suffers from Parkinson’s disease and created the “Second Impact” foundation to prevent more fighters from suffering brain damage. He reacts to recent boxing deaths: “An athlete who suffers a blow to the skull needs to recover. The brain swells up.” By Camilo Pinheiro Machado and Guilherme Roseguini – Romulus, United States 08/11/2019 19:36 Updated há uma semana Late last month, two boxer deaths shook the sporting world. Russian Maxim Dadashev passed away after 11 rounds in a fight in the United States, and in Buenos Aires, Argentina, Hugo Alfredo Santillan fainted after a fight and, in hospital, never woke up. Do fighters know the limits of the body? Tragic stories that don’t surprise former American boxer Ray Ciancaglini.The 68-year-old, who today has difficulty walking and shakes both hands to speak slowly, suffered from head blows early in his career and decided to help future boxers not to follow suit. As an athlete, […]

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GTX Corp Reports Second Quarter 2019 Financial Results and Corporate Summary Update

LOS ANGELES, CALIFORNIA, August 20, 2019 GTX Corp (OTCQB: GTXO) (“the Company”), a pioneer in the field of wearable GPS, people and asset tracking Location-Based Services (LBS) and Real-Time Location Systems (RTLS), today announced a summary for the Second Quarter ended June 30, 2019. Second Quarter 2019 Financial Highlights: Revenues for the three months ended June 30, 2019 were approximately $842k compared to approximately $147k for the comparable period in the prior year for an increase of approximately $695k, or approximately 472%. Gross Profit Margin for the three months ended June 30, 2019 was 92% compared to 71% for the three months ended June 30, 2018. This increase in margin is primarily due to the increase in higher margin IP licensing, subscription services and military sales and service revenue during these periods. Gain from Operations for the three months ended June 30, 2019 was $412k as compared to ($248k) for the comparable […]

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RFID Journal- Blockchain Solution Employs NFC for Supply Chain Accountability

ShipChain and GTX are partnering to offer a solution that captures supply chain data throughout perishable goods’ journey from manufacturer to consumer, with a goal of boosting visibility and trust. By Claire Swedberg Aug 13, 2019—Logistics solution company ShipChain has teamed up with GTX Corp. to provide a blockchain-based solution leveraging Near Field Communication (NFC)-basedsensor data to capture, manage and share conditions throughout the supply chain. The solution consists of ShipChain’s software using GTX’s NFC smart tags with built-in temperature sensors. ShipChain offers a blockchain-based ship-and-trace software platform for its customers, which include food and pharmaceutical companies. Since its launch in 2017, the company’s universal visibility platform has focused on supply chain data, says John Monarch, ShipChain’s CEO. The goal, he says, is to insert visibility and subsequent accountability into the supply chain so that companies and consumers can each have trust in what happens as goods travel to customers. The system initially provided vehicle tracking via GPS so […]

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ShipChain and GTX Corp Launch Blockchain Shipment Tracking Solution- The Maritime Executive

BY THE MARITIME EXECUTIVE 2019-07-22 17:44:04 Blockchain-based logistics ShipChain and GTX Corp (GTXO), a global tech leader offering a suite of GPS and near field communication (NFC) tracking location-based services, have announced a new partnership for a new global NFC blockchain shipment tracking solution. Under the agreement, ShipChain will use GTX’s temperature enabled NFC smart tags to track temperature-sensitive shipments. The tag requires no scanners, or wires, and records temperatures based on customer-defined intervals and duration. In addition, GTX offers other NFC products that ShipChain will utilize to optimize its Track and Trace Platform. “ShipChain’s new partnership with GTX is another step toward reaching our goal: a transparent, unified, end-to-end logistics platform,” said John Monarch, ShipChain CEO, “Until now, availability and cost of sensors was always a stumbling block. But GTX’s smart tags – integrated into ShipChain’s track and trace platform – provide low cost, powerful tool to give our customers even […]

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ShipChain and GTX Corp Launch Global NFC Blockchain Shipment Tracking Solution

New partnership will track temperature-sensitive shipments using energy-efficient NFC smart tags LOS ANGELES CALIFORNIA July 17, 2019 – Blockchain-based logistics ShipChain and GTX Corp (OTCQB: GTXO), a global tech leader offering a suite of GPS and NFC tracking location-based services, today announced a new partnership for a new global NFC blockchain shipment tracking solution. Under the agreement, ShipChain will use GTX’s temperature enabled NFC smart tags to track temperature-sensitive shipments. The tag requires no scanners, or wires, and records temperatures based on customer-defined intervals and durations. In addition, GTX offers other NFC products that ShipChain will utilize to optimize its Track and Trace Platform. “ShipChain’s new partnership with GTX is another step toward reaching our goal: a transparent, unified, end-to-end logistics platform,” said John Monarch, ShipChain CEO, “Until now, availability and cost of sensors was always a stumbling block. But GTX’s smart tags – integrated into ShipChain’s track and trace […]

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