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News!! GTX Corp Receives Military Contract
8:16 am ET September 20, 2017 (Globe Newswire) Print
GTX Corp (OTCBB: GTXO), an Internet of Things (IoT) solutions provider in the personal location, wearable and wandering assistive GPS
technology business, announced today that it has filed and 8K for receiving a material contract from the Department of the Air Force to
supply Edwards Air Force Base (AFB), located in Southern California, with a non-cellular, encrypted GPS technology platform in order to track
personnel and equipment on the base.
Edwards AFB will be the first military base to deploy the new GPS devices which are specifically developed by GTX Corp for large scale
installations and bases that need to monitor the location and movement of both human and non-human assets, but due to their remote
location or lack of conventional cellular coverage, the devices need to transmit through RF technology, report latitude and longitude
coordinates every second and encrypt the data. The customized devices will be enclosed in a hardened military grade encasement with the
system consisting of transportable GPS trackers, repeaters, which will be strategically installed throughout the base. The
Personnel/Equipment Tracking System (PETS) will have solar panels to achieve several months of battery life and a base station that collects
the encrypted data for display.
Under the contract, GTX Corp will be responsible for the manufacturing, installation and ongoing maintenance and support of the PETS
platform. The Company plans to start delivering parts of the contract in the coming weeks and throughout the remainder of 2017 and into
2018. All of the hardware and most of the software and firmware is expected to be manufactured and coded by the Company at its
headquarters in Los Angeles, California.
Patrick Bertagna, GTX Corp CEO, commented, "Receiving our first sizeable military contract is a significant milestone for the Company and is
a true testament to our teams' collective years of experience and knowledge about the GPS tracking business. We are deeply honored to have
been awarded this contract and view this as a great opportunity to develop and deliver technology solutions that at the core are designed to
help save lives. Edwards AFB conducts live ammunitions testing, and hence knowing where every person and asset are on the base in real
time is of vital importance. I want to conclude by wishing the Air Force a happy 70 birthday."
In preparation for developing an ongoing relationship with the military, GTX Corp has renewed and updated its System for Award
Management (SAM) and General Services Administration (GSA) entity registrations.
Known for its patented GPS SmartSole and Smartphone GPS Tracking App, GTX Corp has previously been recognized and granted
numerous awards by prestigious organizations, including most recently honored as the winner of Technology Media Telcoms (TMT) News
Magazine's "Best Wearable Technology Company - USA" and "Most Innovative Tracking & Recovery Technology", given a 4 star ranking by
Able Magazine, in AARP top 10 best new technologies for seniors, the People's Choice Award for most innovative connected device,
nominated for the 100 Most Important Inventions of Mankind, exhibited in the Technology Museum of Sweden, included in Entrepreneur
Magazine's top 100 Brilliant Companies, identified by ABI Research as 'paving the way into the next billion dollar market' and as the 2nd Place
Winner (between Microsoft-1st, and Samsung-3rd,) in the 2015 CTIA E-Tech Awards in the "Wearables, Health, Fitness & Wellness" category.
About GTX Corp
GTX Corp (GTXO) is a pioneer in Smart, Mobile and Wearable GPS tracking and recovery location based solutions, supported through a
proprietary IoT enterprise monitoring platform. GTX offers a complete 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 and BLE technology and offers a proprietary platform that
enables subscribers to track in real time the whereabouts of people or high valued assets through a complete end to end - customizable
transceiver module, wireless connectivity gateway, smart phone Apps, middleware, and portal.
Headquartered in Los Angeles, California, with distributors in 14 countries and customers in over 35 countries, GTX is known for its awardwinning
patented GPS SmartSole(R) - Think Dr. Scholl's meets LoJack, the world's first invisible GPS wearable technology device created for
those at risk of wandering due to Alzheimer's, dementia, autism and traumatic brain injury. Currently there are 100 million people worldwide
who are part of this at risk wandering group and that number is expected to reach 277 million by 2050. 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.
Online: www.gtxcorp.com Track My Workforce | GTX Corp www.gpssmartsole.com
Social media - #withyou #smartsole #connectedandprotected
GTX Blog http://gpsinsole.com/
https://www.facebook.com/gtxcorpcom
http://www.twitter.com/gtxcorp
www.linkedin.com/in/gtxcorp
http://www.pinterest.com/GTXCorp/
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Closing Price
$0.0048
Day's Change
0.0003 (6.67%)
Bid
0.0042
Ask
0.0055
B/A Size
10000x10000
Day's High
0.007
Day's Low
0.0042
Volume
4,367,319
September 21, 2017 3:57pm ET
(Heavy Day)
Symbol lookup GTXO
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http://instagram.com/gtxcorp
GTX Corp United Kingdom
In the UK, GTX Corp operates from its London office. For more information, please contact: Nelson Skip Riddle contact details are:
Email: [e-mail]
Tel: [phone]
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.
Source: Uptick Newswire
General information, investor relations, wholesale licensing, consumer purchase:
213.489.3019
[e-mail]
[e-mail]
http://gtxcorp.com/contact-us/
Consumer Purchase of GPS SmartSoles