Los Angeles, August 7, 2013 – GTX
Corp (OTCBB: GTXO), a leader in
customizable, patented 2-way GPS solutions and Atlantic Footcare (AF), recently
signed a manufacturing and distribution agreement to develop and launch GPS
embedded insoles. Atlantic Footcare, headquartered
in Rhode Island has been a leading designer and manufacturer of insoles for
over twenty years and supplies many of the major athletic and shoe companies,
national retail chains and the U.S military with high quality and comfort insoles. Under the agreement Atlantic Footcare will be making
an investment of $200,000 to advance the development of the new GPS SmartSoles.
“This relationship and investment with GTX is a great opportunity to
couple technology with an insole, enabling us to produce a truly innovative and
cost effective solution to meet today’s growing personal tracking needs. We are
very excited at the opportunity to be at the forefront of wearable GPS tracking
technology,” said Charlie Sipes Atlantic Footcare President.
With over a year
in development, GTX Corp had been researching ways to further miniaturize its
GPS module in order to penetrate new markets and expand
current ones. “Compared to our existing module, this next gen is approximately
30% smaller, thinner and lighter, 20% less expensive and has 200% more battery
life. It is equipped with a motion sensor and advanced A-GPS technology for pin point accuracy and rapid time to first fix (TTFF)” states
GTX Corp CEO Patrick
Bertagna. “The
opportunity to partner with Atlantic Footcare opened up and with this latest
next generation device, embedding the module inside an insole was a natural
next step.”
AF already has
ongoing experience in embedding electronics inside insoles through other
partnerships and alliances and has already completed the first prototypes of
the GPS SmartSoles™ currently
undergoing testing. The Company plans to announce by the end of the month some
of the partners that will be involved with marketing and distribution.
About GTX Corp (GTXO) - The leader in enterprise 2 way GPS real-time
personal location services (PLS) was founded in 2002 and is based in Los
Angeles, California with distributors in Canada, Mexico,
Australia, Ireland and Nepal and customers in 162 countries. GTX Corp utilizes
the latest in miniaturized, low power consumption technology and offers a
robust enterprise GPS and cellular location platform to track in real time the
whereabouts of people, pets, vehicles and high valued assets. Answering the
“where is” question through a licensing business model and providing a complete
end to end solution of hardware, middleware, apps, connectivity and
professional services. Letting you know where or how someone or something is at
the touch of a button, GTX Corp also owns and operates LOCiMOBILE,
Inc which develops applications for smart phones and tablets
and Code Amber Alertag. The Company has an aggressive
intellectual property strategy and owns an extensive portfolio of patents,
patents pending, registered trade marks, copy rights and URL's.
Online: www.gtxcorp.com - www.facebook.com/gtxcorp -
www.twitter.com/gtxcorp
Product and licensing e mail - info@gtxcorp.com or http://www.gtxcorp.com/about/licenseinquiry
Public Relations contact Suzy Ginsburg (713) 721.4774 suzy@gcomworks.com
Investor Relations ir@gtxcorp.com
GTX Corp does not warrant or represent that the unauthorized
use of materials drawn form 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.
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