LOS ANGELES, CALIFORNIA , March 22, 2018 (GLOBE NEWSWIRE) — GTX Corp (OTC: GTXO), an IoT platform and global provider of personal location GPS and BLE tracking and monitoring wearable technology announced today the issuance of U.S. patent 9,910,862 making this a significant addition to its existing IP portfolio strongly enhancing its position in a rapidly growing multi-billion dollar market.
Additionally the Company’s flagship wander assisted patented GPS SmartSole won second place in Tomorrow’s Care 2018 awards.
Larry E. Henneman, Jr., GTX Corp’s patent counsel commented, “This patent complements GTX’s three-pronged approach to protecting their business and products. Now, in addition to their shoe/insole form factor and their innovative communication methods, GTX has patent protection for their server-side platform, which is independent of the specific design of any particular tracking device. The patented platform expands GTX Corp’s business opportunities by enabling GTX to host multiple, different tracking-based businesses on a single platform.
“This new server side patent has 68 claims and open continuation which broadens the influence of the existing GTX IP portfolio. Adding to our existing 1,000 plus patent claims, this patent strategically covers the server side of the GPS platform,” stated Andrew Duncan, GTX Corp director. “With its ongoing continuation strategy GTX Corp will continue to file additional patents on the server side, the communication side and the shoe/insole device side to strengthen its position in the industry as well as vigorously defend its intellectual property rights against infringers both domestically and internationally.”
Patrick Bertagna, GTX Corp CEO concluded, “Patent 9,910,862 which we internally call ‘the middle box’ is a strong addition to our IP portfolio because it applies to our server side processes connecting all 3 aspects of our business – device, communication and backend server. As a pioneer in the wearable tech industry and watching many of the tech giants such as Apple, Samsung, Google and Microsoft strategically navigate, we are pleased we made the early investment in IP, had excellent counsel along the way and have continued for over a decade building our portfolio which we believe is starting to garner some industry attention.”
In addition to adding a new patent to its portfolio, the Company’s flagship GPS SmartSole won second place in Tomorrow’s Care 2018 awards. “We are thrilled that the GPS SmartSole have won second place in such a coveted award. Tomorrow’s Care magazine, with 28,000 circulation reaches across all industry professionals in the UK including Care Home owners and directors, facility managers, matrons and senior nurses,” stated Phil Iles, Sales Manager UK and Eire Possum. “Winning another award validates and reemphasises the interest and support that we have seen from the care industry for this highly innovative GPS tracking solution designed specifically for those at risk of wandering due to Alzheimer’s, dementia or autism.”
Most widely known for its patented GPS SmartSole and Smartphone GPS Tracking App, GTX owns and licenses more than 85 patents, is a U.S. military contractor and has multiple consumer products in the market place, all available on its online store, Amazon and authorized resellers and distributors.
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GTX Corp (GTXO) is a pioneer in Smart, Mobile and Wearable GPS tracking and recovery location based products, supported through a proprietary IoT enterprise monitoring platform. GTX offers a global end-to-end solution of hardware, software and connectivity. The Company develops 2 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 and BLE technology enabling subscribers to track in real time the whereabouts of people or high value assets through a complete end to end – customizable transceiver module, wireless connectivity gateway, smart phone Apps, middleware, and IoT portal.
Headquartered in Los Angeles, California, GTX is known for its 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 US Military Government contractor. Other customers include public health authorities and municipalities, emergency and police authorities, private companies, public and private senior care homes, and consumers.
GTX Corp is an equal opportunity employer with a history of employing a diverse workforce and US veterans; makes many of its products in the USA, is a member of the United Nations Global Compact and Trust 2 Protect partnership. The Company doesn’t just make and sell the best GPS tracking products, they deliver innovative, miniaturized, low power consumption wearable tech that provides safety, security and peace of mind at the touch of a button. GTX puts the “Where” in Wearable Tech.
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Disclaimer: GTX Corp does not warrant or represent that the unauthorized use of materials drawn from the content of this document will not infringe rights of third parties who are not owned or affiliated by GTX Corp. Further GTX Corp cannot be held responsible or liable for the unauthorized use of this document’s content by third parties unknown to the company.
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 at http://www.sec.gov). 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.
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