Air Force Awards Contract for Personnel/Equipment Tracking System
LOS ANGELES, CALIFORNIA , Sept. 05, 2018 (GLOBE NEWSWIRE) — GTX Corp (OTCBB: GTXO) (“the Company”), an Internet of Things (IoT) solutions provider in the wearable location and wandering assistive GPS technology business, announced today it has received a new contract from Edwards Air Force Base (AFB) for additional units of its Personnel, Equipment Tracking System (P.E.T.S.), which is a lightweight, mobile, non-cellular, encrypted GPS technology platform designed to track personnel and equipment.
This highly versatile and scalable military-grade tagging, tracking & locating (TTL) GPS platform was specifically developed by GTX Corp for large-scale installations and military bases that need to monitor the location and movement of both human and non-human assets, but, due to their remote locations or lack of conventional cellular coverage, require devices that can transmit data through RF technology, report latitude and longitude coordinates every second, and encrypt the data. The Company’s proprietary GPS transmitters, which are about the size of a garage door opener, are enclosed in military-grade, water-resistant encasements and weigh less than 8 ounces. The system also consists of repeaters with 12 volt batteries and solar panels to achieve months of battery life, which are strategically installed throughout the base, and base station receivers that collect the encrypted data for display.
Per the terms of the contract, GTX Corp is responsible for the manufacturing, installation and ongoing maintenance of the P.E.T.S. platform. The Company will begin delivering devices this month and expects to complete delivery by October 2018. All of the hardware, software and firmware is manufactured and coded by the Company at its headquarters in Los Angeles, California.
Patrick Bertagna, GTX Corp CEO, commented, “It is a true honor to support our military and to be entrusted with developing GPS technology solutions that, at their core, are designed to help save lives. Edwards AFB conducts live ammunitions testing; hence, knowing where every person and asset are on the base in real time is of vital importance. Coming on the heels of signing an agreement with KGH, we are deeply committed to pursuing and growing this channel of government business and currently in discussion with several other agencies.”
On the non-government side, GTX expects to commercially launch several new products and open new markets this year, including a new GPS tracking and digital identification solution for pets and a weapons tracker geared for law enforcement and hunters.
GTX Corp is best known for its flagship GPS SmartSole which are designed to improve and save lives of people who wonder due to Alzheimer’s, dementia or autism. GTX is a “For-Profit with Purpose” company that owns and licenses more than 85 patents, and takes particular pride in the fact that many of its products are manufactured in the USA, with multiple GPS tracking solutions in the marketplace, all of which are available through the Company’s online store, Amazon and authorized resellers and distributors across the globe.
A photo accompanying this announcement is available at : http://www.globenewswire.com/NewsRoom/AttachmentNg/dba92645-65f8-448a-9e06-fcc258962c5d
GTX Corp (GTXO) is a pioneer in smart, mobile and wearable GPS tracking and recovery location-based products, supported through a proprietary IoT enterprise monitoring platform. GTX offers a global end-to-end solution of hardware, software and connectivity. GTX Corp develops two-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, RF and BLE technology, enabling subscribers to track in real time the whereabouts of people or high value assets through a complete end to end — customizable transceiver module, wireless connectivity gateway, smart phone Apps, middleware, and IoT portal. Headquartered in Los Angeles, California, GTX is known for its game-changing and award-winning patented GPS SmartSole® — think Dr. Scholl’s meets LoJack, the world’s first invisible wearable technology tracking device created for those at risk of wandering due to Alzheimer’s, dementia, autism and traumatic brain injury. GTX Corp’s business model is built around technology innovation and holds over 85 patents, with many issued patents in the area of GPS tracking. The company has international distributors servicing customers in over 35 countries and is a U.S. Military Government contractor. Other customers include public health authorities and municipalities, emergency and law enforcement, NGOs, private companies, public and private senior care homes, and consumers.
For more information, visit www.GTXCorp.com, Track My Workforce or www.GPSSmartSole.com
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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 on the SEC Website). 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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