GTX Corp Receives Commercial Order for 3,000 GPS DevicesJuly 1, 2010
Shoe company Aetrex Worldwide will incorporate the devices into their Ambulator shoes; the order expands mobile GPS tracking services into Australia with new distribution partner Tracking Central.
LOS ANGELES, CA -- (GLOBE NEWSWIRE) -- GTX Corp. (OTCBB:GTXO) a leader in customizable, patented two-way GPS Tracking Personal Location Services (PLS) solutions, received its first commercial order from Aetrex Worldwide, Inc., a leading maker of orthotic and therapeutic shoes. Aetrex's initial order for 3,000 GPS devices to be embedded in the Aetrex Ambulator collection brings a durable, reliable solution for monitoring the location of the 5.3 million seniors in the U.S. afflicted with Alzheimer's disease or dementia. GTX will begin to ship the devices this summer in order for Aetrex to prepare for the launch date which is scheduled to coincide with the National Alzheimer Association memory walks this fall. GTX Corp's GPS-enabled shoes provide caregivers and loved ones a safe, unobtrusive means to easily find those afflicted with Alzheimer's that might wander and become lost. GTX Corp's eight patents for the GPS Shoe cover a GPS transceiver module that is placed within the shoe. The module transmits the wearer's location coordinates to a central monitoring station which disseminates the location data through the use of proprietary software, cellular connectivity, the GTX Corp middleware platform and secure viewing portal. Aetrex will initially offer the shoe through www.foot.com; www.gpsshoe.com and a select group of assisted living facilities.
In another significant development that advances GTX Corp's strategy of worldwide penetration of the GPS tracking markets, GTX Corp has announced an agreement with Australia's Tracking Central. Tracking Central, a service provider for GPS Tracking products and solutions has licensed and will utilized GTX Corp's tracking platform and portal to provide personal location services to the Australian market.
GTX's VP Business Development Carlos Briceño who recently spoke on a panel at The first People Tracking and Location USA Conference states, "Our agreement with Tracking Central represents an additional channel of distribution in a part of the world that has shown a tremendous interest in personal GPS Tracking solutions and opens up new opportunities for hardware sales and monthly subscriptions. These latest milestones further expand our strategic initiative to increase our global penetration, while our partnerships validate our embedded licensing model."
Claude Raiola, Tracking Central Director, concludes, "We are excited to be partnering with GTX Corp, as Tracking Central introduces personal GPS Tracking solutions to the Australian Market."
GTX Corp. (OTCBB:GTXO) a leader in embedded real-time GPS Tracking personal location services (PLS) was founded in 2002 and is based in Los Angeles, California. Known for its game changing patented micro GPS device in a shoe - the patented smart shoe and its block buster smartphone GPS Tracking App which hit number two on the iTunes top grossing chart, the company continues to pave the way with innovative geo specific and proximity alerting applications that help you know where someone or something is at the touch of a button. Committed to being the "better people finder", GTX Corp owns and operates LOCiMOBILE, Inc. which develops location based social networks (LBSN) applications for smart phones, Code Amber News Service, and Code Amber Alertag. The company has an aggressive intellectual property strategy and owns an extensive portfolio of patents, patents pending, registered trademarks, copyrights and website properties. GTX Corp is well positioned to capture the PLS Market through its diverse product platform, licensing model, brand recognition, traction in the market and strategic partners.
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