LOS ANGELES, Feb. 9, 2011 (GLOBE NEWSWIRE) -- GTX Corp (OTCBB:GTXO), a leader in customizable, 2-way GPS Personal Location Services (PLS) solutions was granted its 9th patent for their innovative and potentially life saving GPS Smart Shoe technology.
By the year 2050, there will be 16 million adults with Alzheimer's in the U.S. alone. The multi patent GPS Smart Shoe™ will afford millions of caregivers the means to remotely monitor those afflicted with Alzheimer's that become lost due to wondering.
"This new patent has 121 claims, including 9 independent claims, for both the footwear and the manufacturing process which strengthens the Company's extensive IP portfolio and overall value," said; Larry E. Henneman, Jr. Registered U.S. Patent Attorney.
Timing for this new patent coincides with the Company recently receiving payment and finalizing the design and manufacturing processes for beginning delivery of its first 3,000 unit commercial order to Aetrex Worldwide, Inc., this quarter.
As part of its ongoing mobile strategy to partner with smartphone, tablet and internet TV manufacturers GTX Corp recently signed a licensing agreement with Skytex Technology, Inc. which develops, manufactures and markets high-tech consumer electronics and tablets. Skytex plans to release a 7" Android 2.2 tablet with wifi/GPS by mid-April that will come pre loaded from the factory with business unit LOCiMOBILE Apps, and may release a higher end Honeycomb based tablet later in the year. "We're excited to be working with GTX in offering our end users their great GPS tracking apps pre-installed on our Android powered internet tablets," said Arnold Li, President of Skytex Inc.
About GTX Corp (GTXO.OB) a 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 Mexico, Australia and Nepal and customers in 104 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 someone or something is at the touch of a button, GTX Corp also owns and operates LOCiMOBILE, Inc which develops applications for smartphones and tablets, 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 trade marks, copy rights and URL's.
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