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Wednesday, April 27, 2022 9:00:12 AM
Sales, Sales, Sales
Spain, then Sweden, now Germany
Germany is huge market
GTX Launches 4G GPS SmartSole across Germany in Partnership with ProteGear
LOS ANGELES CALIFORNIA, April 27, 2022 (GLOBE NEWSWIRE) -- GTX Corp (OTC: GTXO) (“the Company”), a pioneer in the field of location based wearable GPS human and asset tracking systems and ProteGear.com, a German IT/GPS tracking specialist company, announced their cooperation to launch the latest generation of the GPS SmartSole product based upon LTE Cat M1 technology.
“We are excited to work with ProteGear, parent company Global SafeTrack Systems GmbH, to bring the latest generation of the GPS SmartSole technology to Germany,” stated Andrew Duncan GTX Director. “As the largest senior health care market in Europe, with a population of close to 84 million, it is very important for us to have a strong presence there”
The German health system provides universal population coverage either through social health insurance (SHI), which covers almost 90% of the population, or VHI (Voluntary Health Insurance.) Health insurance coverage is mandatory for the entire population. Coverage is virtually universal and less than 1% of the population is not insured.
“We have been looking forward to the launch of the next generation LTE Cat M1 SmartSole for some time. With the high-performance GPS tracking system and longer battery life of up to 5 days, we are excited to offer our customers this product,” stated Markus Schlittenbauer. “We have a lot of pent-up demand for the product from both families acting as caregivers for individuals with Alzheimer’s or Dementia, as well as the senior care organizations and homes. SmartSoles not only help family members feel safer about their loved ones, but also prevent patients from being institutionalized, thus reducing the cost of their care.”
https://finance.yahoo.com/news/gtx-launches-4g-gps-smartsole-122400161.html
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