Blog

Dementia Study Report- Reaction from GTX CEO

“We were disheartened to see that the recent Eli Lilly Phase 3 clinical trials of a drug to treat Alzheimer’s disease has ended in failure,” stated GTX Corp. CEO, Patrick Bertagna. (Read the article on CNN here) “We all hope and pray for a cure to be found for all dementia. Unfortunately, we have to deal with the dangers of wandering until medical science can develop effective treatment, which is one of many reasons why GTX remains fully committed to providing innovative monitoring and recovery solutions to keep you connected to who and what matters most.”

Parents! Join in a Medical Research Survey About Autism

GTX Corp has been in the business of developing wandering assistive technology for over 10 years, and we know that wandering, particularly by children with autism spectrum disorder (ASD) and other developmental disorders, is a serious safety issue and stressor upon families and communities.  It is estimated that more than 250,000 children with disabilities wander away from adult supervision each year.  Few researchers have looked at this major issue, and there has been little focus on prevention measures and the impact that wandering has on families.  Now, the Cohen Children’s Medical Center of New York is conducting a major national study about wandering, and we encourage all of our friends who are parents or guardians of children with Autism to participate! The more research that is done to gather information about wandering, the better we can all work towards innovation in wandering prevention, monitoring solutions and child safety. It takes just a few minutes to complete the anonymous, on-line questionnaire.   If enough families complete the Cohen Children’s […]

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GTX Corp Reports Third Quarter 2016 Financial Results

Increased Revenues, Margins, Subscribers and Distribution Partners LOS ANGELES, CA – November 15, 2016 – GTX Corp. (OTCQB: GTXO), an IoT platform and leading provider of personal location GPS, BLE, cellular and RFID, tracking and monitoring wearable technology and wandering assistive technology, announced financial results for the third quarter ended September 30, 2016. Q3 Highlights * Revenue increased 99% over 2015 comparable period * Subscriber revenue increased 139% over 2015 comparable period * Gross profit margin increased from 24% to 65% over 2015 comparable period * Operating expenses decreased 17% over 2015 comparable period * Net operating losses decreased 34% over 2015 comparable period * Delivered our first military test order * Expanded distribution into Mexico Q3 Initiatives included increasing our customer and subscriber base, formulating our patent monetizing strategy for next year, delivering our new GPS/RF product line, exploring new BLE and RF business opportunities with our channel partners […]

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KORE Position Logic Powers GPS SmartSole Solution for Patients and Caregivers

ALPHARETTA, GA. —November 9, 2016—KORE, the people powering IoT innovations and opportunities, today announced that the company will integrate GTX Corp’s (OTCBB: GTXO), GPS SmartSole® into the Position Logic platform. Additionally, Position Logic will be a distributor of GPS SmartSoles in North America. GPS SmartSole combines a miniaturized GPS device and cellular communicator to send coordinates of loved ones suffering from Alzheimer’s, dementia, autism or any other cognitive memory disorder to their caregivers. GPS SmartSoles look and feel like regular insoles, and allow the wearer to be free from the stigma of visible bracelets, pedants and other traditional tracking devices. GPS SmartSole technology is integrated with a mobile app that allows caregivers to track their loved ones in seconds, lessening their worry and anxiety about wandering. Per the agreement, Position Logic customers will now be able to purchase GPS SmartSoles as a hardware on the Postion Logic platform and then […]

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GPS SmartSole Media Campaign Launched in the United Kingdom

LOS ANGELES, CALIFORNIA –November 1, 2016 – GTX Corp (OTCBB: GTXO), an IoT platform in the personal location GPS wearable and wandering assistive technology business, announced Unforgettable.org has launched an advertising campaign on radio, the SAGA Magazine and social media, designed to help create awareness for those who care for their loved ones suffering from dementia. The campaign provides heart-felt stories together with information, products and services of use to dementia sufferers and their care-givers, and features the GPS SmartSoles that provide a discreet, reliable solution for those who “wander”. “We were thrilled to launch our first radio advertising campaign for Unforgettable on Smooth Radio London”, said James Ashwell, Unforgettable’s founder. The voiceover artist, actress Paula Wilcox, has her own personal link to dementia which I think really comes across. You can read about this and hear the ads on our website.” Click here to read Paula’s story – https://www.unforgettable.org/blog/paulas-story-mum-was-so-blessed-to-have-dad-there/ […]

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Existing GTX Corp Distributor of GPS SmartSoles for Denmark Expands into Norway

LOS ANGELES, CALIFORNIA –October 13, 2016 – GTX Corp (OTCBB: GTXO), an IoT platform in the personal location GPS wearable and wandering assistive technology business, announced existing Denmark distributor Safecall expanded their operations into Norway and signed an exclusive distribution agreement for both countries. Safecall first launched the GPS SmartSoles in Denmark last October. Due to an increase in product demand and the recent Dementia Plan 2020 announcement by the Norwegian government, it has expand distribution into Norway and locked up exclusive rights. Safecall has already placed a blanket order of GPS SmartSoles for the remaining of the year for both Denmark and Norway and will be submitting another order to cover the first half of 2017 by end of next month. Tommy Rasmussen, Director of Safecall Denmark ApS, said, “We are excited to expand upon the growing success we have been experiencing with the GPS SmartSole in Denmark and […]

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GTX Corp Strategic Partner Inventergy Announces Value of Patent Portfolio

Today, strategic partner to GTX Corp (OTC:GTXO), Inventergy Global, Inc. (NASDAQ: INVT) announced and discussed the value of the Company’s patent portfolio, part of which includes several of GTX Corp’s patents which were licensed in July 2016 when GTX joined forces with Inventergy Innovations, LLC (“Inventergy”), a subsidiary to Inventergy Global. In a definitive agreement between the companies, Inventergy holds exclusive rights to license or sell three GTX patents – US 8,154,401, US 8,760,286, and US 9,219,978, commonly referred to as the “Comm. Protocol” or “286” Family. Joe Beyers, CEO of Inventergy discusses in the release about the importance of the patent portfolio, “Inventergy has a rich technology patent portfolio consisting of more than 760 worldwide patents acquired from industry leaders including Panasonic (OTC PINK: PCRFY), Nokia (NYSE: NOK) and Huawei (SZSE:002502). The portfolios contain a handpicked set of worldwide assets that are a combination of standards essential patents (SEPs) […]

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CNN Money – U.S. Security Threats & Solutions Discussed on SecuritySolutionsWatch.com

— Cisco, Dell Technologies, ImageWare, NetWatcher, Route1, GTX Dell Technologies (NYSE: DVMT), ImageWare Systems (OTCQB: IWSY); Route1 (TSX VENTURE: ROI), GTX Corp (OTC PINK: GTXO) THANK YOU FOR JOINING US “IN THE BOARDROOM” Marc Blackmer, Product Marketing Manager, Industry Solutions, Security Business Group, Cisco Mr. Ken Mills, Chief Technology Officer Surveillance and Security, Dell Technologies Jim Miller, Chairman and CEO, ImageWare Systems Tony Busseri, Route1, CEO Scott B. Suhy, CEO, NetWatcher And… From The Newsroom… GTX Corp Expands Distribution in Mexico GTX Corp, an IoT platform in the personal location GPS wearable and wandering assistive technology business, announced the commercial launch of the GPS SmartSole with C&R Care Solutions, a privately owned company headquartered in Mexico City which sells and supports GPS-based tracking solutions throughout the country of Mexico. Please join Patrick Bertagna, GTX CEO, Founder, Chairman “In The Boardroom” here or here: http://www.securitysolutionswatch.com/Interviews/in_Boardroom_GTX_Bertanga.html ***** IN THE BOARDROOM WITH… Cisco […]

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GTX Corp Expands Distribution in Mexico

C&R Care Solutions added to the GPS SmartSole Growing list of International Distributors LOS ANGELES, CALIFORNIA –September 14, 2016 – GTX Corp (OTCBB: GTXO), an IoT platform in the personal location GPS wearable and wandering assistive technology business, announced the commercial launch of the GPS SmartSole with C&R Care Solutions a privately owned company headquartered in Mexico City which sells and supports GPS based tracking solutions throughout the country of Mexico. “Mexico is an important, sizable and strategic market for GTX. As a neighboring country with a total population of over 122 million and a growing middle class representing 47% of total households, it not only represents a market size close to 40% of the U.S. but also a strategic entre into Latin America, stated Andrew Duncan director of business development for GTX Corp. We are pleased to add C&R to our growing list of international partners and look forward […]

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GTX Corp Reports Second Quarter 2016 Financial Results

Increased Revenues, Margins, Subscribers, Channel Partners and new IP Revenue Stream LOS ANGELES, CA – August  16, 2016 – GTX Corp. (OTCQB: GTXO), an IoT platform and leading provider of personal location GPS wearable technology and wandering assistive technology, announced financial results for the second quarter ended June 30, 2016. Second Quarter Highlights Revenue increased 36% over 2015 comparable period Subscriber revenue increased 133% over 2015 comparable period Gross profit margin increased from 27% to 45% over 2015 comparable period Operating expenses decreased 17% over 2015 comparable period Net operating losses decreased 34% over 2015 comparable period Active units in the field and subscribers in over 35 countries Vendor number for reimbursement in six states Shipped next version 1.25 GPS SmartSole Began monetizing our Comm Protocol “286” family patents Received our first military test order Signed research collaboration agreement with George Mason University Named 25 most empowering IoT companies in […]

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