Los Angeles, Calif., May 7, 2015 (GLOBE NEWSWIRE) -- GTX Corp. (OTCQB: GTXO), a leading provider of personal location GPS wearable technology and wandering assistive technology, announced today the signing of a distribution agreement with mCareWatch Pty Ltd, an Australian healthcare technology company focused on providing market leading assisted living, mobile health and tele-care solutions.
mCareWatch introduced the patented SmartSole® wandering assistive wearable technology at the Global Business Technology Event- CeBIT, May 5 - 7 at Sydney Olympic Park. mCareWatch has placed its first commercial order which is scheduled to ship next week and will begin selling the SmartSole in Australia in May.
Andrew Duncan, Director of International Sales at GTX Corp, remarked, "There are close to 350,000 people living with dementia in Australia, with 1,800 new cases diagnosed every week and an estimated 1.2 million caregivers. As part of our global go to market strategy, we are excited to begin selling our flagship GPS SmartSole in Australia and we look forward to a successful launch at CeBIT and long-lasting relationship with mCareWatch."
Peter Apostolopoulos, co-director and founder of mCareWatch commented, "The latest figures on Australia's aging population have sparked ongoing debates in social, economic and political spheres. The elderly, disabled and those with special needs have constant concerns about health and safety in their daily lives, and in too many cases, this seriously limits their confidence, mobility and independence. This is why we are excited to partner with GTX Corp and offer the Australian senior community an innovative solution such as the GPS SmartSole that can immediately provide safety and security to the wearer and peace of mind to their caregiver."
GTX Corp's patented GPS SmartSoles, which were featured in AARP's 2015 technology gear guide are placed in the wearer's shoes and contain a GPS tracking chip connected through a global GSM cellular network that sends a signal to a central monitoring website or app showing the exact location of the individual wearing the SmartSoles. They come in several trim to fit sizes for both men and women, are made with the highest quality electronic components and assembled in Rhode Island, U.S.A.
The value behind the SmartSole Platform is its ability to be a 'wearable' yet 'invisible' stigma free monitoring solution that alerts a caregiver when the wearer wanders off, sending a text or email to the caregiver's phone and computer, with a direct link to a map plotting the wanderer's location.
GPS SmartSole U.S. order information and 6 months interest free financing.
About GTX Corp
GTX Corp (GTXO) is a pioneer in wearable technology and a leader in enterprise 2 way GPS real-time personal location based services. Headquartered in Los Angeles, California, with distributors in over 13 countries. GTX provides solutions that answer the "where" question: where is my mother, child, employee, vehicle, drone and high value assets.
Through a robust global enterprise monitoring platform and licensing subscription business model, the Company offers a complete end to end solution of location based hardware, middleware, apps and connectivity services. Letting you know where or how someone or something is at the touch of a button, delivering security and peace of mind in an instant. GTX Corp also owns and operates LOCiMOBILE, Inc which develops applications for smart phones and tablets and Code Amber Alertag. The Company has a comprehensive intellectual property strategy and owns an extensive portfolio of patents, patents pending, registered trademarks, copy rights and URL's and was recently featured in a 38 page research piece which outlines the value proposition of the Company's IP portfolio.
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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.
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