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LOS ANGELES CALIFORNIA, May 12, 2021 (GLOBE NEWSWIRE) – GTX Corp (OTC: GTXO) (“GTX” or the “Company”), a pioneer in location-based portable GPS systems for tracking people and assets, and supplier Das The company announced today that it will begin testing its new Cat M1 LTE SmartSoles in North America, Europe and Australia and will begin the FCC / IC and CE regulatory certification process. The following week, Verizon began certification of the device network that provides cellular connectivity for the North American market. GTX will also test connectivity in Europe and Australia with Orange and Telefonica.
“With more than 200 reorders and demand growing every day, we intend to start production as soon as we have completed testing and certification, which is expected next month, and then immediately fulfill all pre-orders and re-orders,” said Andrew Duncan GTX Corp. Director.
Phil Iles, National Sales Manager Telecare at Possum UK, stated for the UK senior care and healthcare industries: “We are working on a number of projects and look forward to a quick and successful test of the new SmartSoles so we can begin fulfilling the growing demand that we see here in the UK. “
The patented and award-winning GPS SmartSoles are designed to help address the unprecedented Alzheimer’s and autism-related crisis that the world continues to face. Any person diagnosed who is not bedridden is at risk of wandering and getting lost. Walking is one of the most common, complex, stressful, and costly behaviors in the disease, and is a safety issue that has far-reaching implications for the sick person, their caregiver, law enforcement and healthcare providers such as Medicare, Medicaid, Department for Health and Human Services (HHS) and the National Institute of Health (NIH).
“After the pandemic, the demand for and interest in our GPS SmartSoles and the overall portable Track & Trace technology increased significantly. We receive inquiries and pre-orders from law enforcement, government agencies, medical institutions, international retailers and consumers almost daily. Many know that tracking wearable technology is probably the best way to reduce search time, reduce search costs, and balance search effort, while seamlessly providing security and freedom for loved ones rather than lockdown. This is our number one priority and all hands are on deck for this final stage of testing and certification. Due to the global shortage of microchips, we have already started ordering many of the critical electronic components we need in bulk so we can start production as soon as possible. Thank you for everyone’s patience and will provide more updates in the coming weeks, ”said Patrick Bertagna, CEO of GTX Corp.
GTX Corp’s patented GPS SmartSoles are the world’s first portable yet invisible tracking technology. Inside the wearer’s shoes, they contain a state-of-the-art Nordic Cat M1 LTE GPS module that is connected via cellular networks and sends a GPS location to the GTX’s central monitoring website and app. GTX is currently under development to update its tracking app for both iOS and Android. Originally designed as a wandering protection solution for those at risk from Alzheimer’s, dementia, autism or traumatic brain injury, and prone to wandering or getting lost or disoriented, the SmartSoles can also be used by those who have There is a risk of kidnapping, e.g. government employees, journalists and executives. SmartSoles are available in three custom-fit sizes for men, women and children, are waterproof, contain an inductive charging pad and are assembled in Rhode Island, USA
GTX Corp is a for-profit, purpose-built company that has an extensive patent portfolio, is a proud U.S. military entrepreneur, and sells multiple wearable tracking products through its online store, Amazon, and authorized resellers and distributors serving customers around the world .
About GTX Corp. GTX Corp (OTC: GTXO) pioneered intelligent, mobile, and portable location-based GPS tracking and recovery solutions powered by a proprietary IoT enterprise monitoring platform and intellectual property portfolio. Providing a global end-to-end hardware, software and connectivity solution, GTX develops bidirectional GPS tracking technologies that integrate seamlessly with consumer products and enterprise applications. GTX leverages the latest in miniaturized GPS, cellular, RF, NFC and BLE technology with low power consumption so subscribers can track the whereabouts of people or valuable assets in real time. GTX is known for its groundbreaking and award-winning patented GPS SmartSole® – think Dr. Scholls meets LoJack, the world’s first invisible wearable technology tracking device designed for people at risk of hiking due to Alzheimer’s, dementia, autism and trauma and brain injury. GTX’s business model is based on technological innovations and holds over 85 patents, many of which have been granted for GPS tracking. The company has international distributors serving customers in over 35 countries and is a contractor to the US military government. Other customers include public health authorities and local authorities, emergency and law enforcement agencies, private schools, assisted living facilities, NGOs, small businesses, retirement homes and consumers.
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In the UK, GTX Corp operates from its London office. Please contact: Nelson Skip Riddle
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Forward-Looking Statements
This press release contains forward-looking statements. The terms and expressions “expect”, “would”, “will”, “believe” and similar words and expressions are intended to identify these forward-looking statements. Forward-looking statements are based on estimates and assumptions by GTX, taking into account its experience and its perception of current conditions and expected future developments, as well as other factors that GTX considers appropriate under the given circumstances. Many factors could cause the actual results, performance or achievements of GTX to differ materially from those expressed or implied in the forward-looking statements. Certain risk factors that could cause actual results to differ are set out in the GTX Annual Report on Form 10-K filed with the Securities and Exchange Commission (available on the SEC website). Careful consideration should be given to these factors and readers should not place undue reliance on GTX forward-looking statements. GTX has no intention and undertakes no obligation to update or revise any forward-looking statements as a result of new information, future events or for any other reason, unless this is necessary.
