Thursday, June 11, 2015 2:06:58 AM
It's their patent portfolio that was estimated to be worth $10 million:
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=5650054-851-77404&type=sect&TabIndex=2&companyid=728474&ppu=%252fdefault.aspx%253fcik%253d1375793
This may not be true. It may be worth much more than that. Read the GTXO patent summary:
http://patents.com/us-8760286.html
Anything that is tracked via GPS using a tracking device with triangulation capabilities, diagnostic relay and can be remotely accessed are all within scope.
Now, look at Amazon's patent application for drone delivery:
http://appft.uspto.gov/netacgi/nph-Parser?Sect1=PTO1&Sect2=HITOFF&d=PG01&p=1&u=%2Fnetahtml%2FPTO%2Fsrchnum.html&r=1&f=G&l=50&s1=%2220150120094%22.PGNR.&OS=DN/20150120094&RS=DN/20150120094
Notice the filing dates and approval dates? Possibly a minor oversight on Amazon's part maybe? GTXO's patent is not even included in the references portion of the Amazon application. I think that GTXO may know this as we just started selling GPS tracking for drone applications. What if these patents were to fall into the hands of one of GTXO's strategic partners...I don't know, Samsung? Could they use a cut of Amazon's sales if the drone delivery passes? I think so, but it's all just a theory.
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