LOS ANGELES, CALIFORNIA, Sept. 12, 2018 (GLOBE NEWSWIRE) — GTX Corp (OTCBB: GTXO) (“the Company”), a pioneer in the field of wearable GPS human and asset tracking systems and wandering assistive technology, announced today Scandinavian distributor, SafeCall was awarded a coveted 2 year contract to supply the municipality of Oslo, Norway with wearable GPS devices along with a 24/7 cloud service center to assist in remote monitoring and look after people with cognitive disabilities. The Norwegian Government has identified two target groups which will receive the fully subsidized solution, elderly people with dementia and cognitive impairment who still live independently, and children or adolescents with disabilities, especially who are the most “at risk” and therefore would benefit from using wearable GPS technology.
Post being award the contract, GTX launched its size small SmartSole which is now being considered to be added to the contract by the Oslo municipality.
“We are delighted that SafeCall has been awarded one of the biggest contracts in Norway to assist those with cognitive impairment or disabilities”, said Tommy Rasmussen, founder and owner of SafeCall Denmark. “Our ability to provide Norwegian municipalities a comprehensive, easy to use and cost saving solution of a wearable GPS tracking device like the patented GPS SmartSole and our intuitive cloud services, enabled us to secure this contract.”
In addition to the Oslo Municipality which has identified two groups of approximately 1,000 people (500-700 elderly and 300-500 people with disabilities), there are currently a dozen more municipalities in Norway evaluating GPS wearable wander assistive technology.
The GPS SmartSoles were one of three devices ultimately approved after having been thoroughly tested throughout Oslo, Norway over the past 2 years in cooperation with SINTEF, which conducts contract research and development projects. Headquartered in Trondheim, Norway, SINTEF is an independent research organization founded in 1950, which operates in 75 countries, has over 2,000 employees with annual revenues of three billion Norwegian kroner.
Some of the results and findings from the pilot was that the consequences of not using GPS technology would significantly impact the quality of life of seniors and ultimately may also result in them being admitted to nursing homes earlier than necessary. The cost savings for prolonging institutionalized care in a country that provides government subsidized healthcare could be significant, therefore creating an ROI for the government. Other results came from relatives who did not mind taking on the caregiving role knowing there was a 24/7 monitoring center as their backup. As for the other target group, children or adolescents with autism or functional impairments, the technology contributed to increased self-esteem in leisure activities, giving them a better overview of time and activity while helping them to perform and enjoy activities themselves. In short the wearable GPS technology empowered them to live a better life.
“This is wonderful news coming out of Europe, between the vetting of our GPS SmartSoles by SINTEF to the actual contract being awarded, this places Norway as the first European country to realize the benefits and cost savings of implementing wearable GPS technology such as our SmartSoles and authorizing country wide financial support. We hope other countries such as the U.K. and Germany which are currently conducting GPS SmartSole pilots through the NHS or other government institutions will conclude the same,” stated Patrick Bertagna GTX Corp CEO.
In 2012, Alzheimer Europe estimated the number of people with dementia in Norway at 77,158. This represented 1.56 % of the total population of 4,960,482. The number of people with dementia as a percentage of the population is similar to other European countries with an average of 1.55% and in the U.S. with a slightly higher average of 1.66%.
“We see this as a stepping stone with other municipalities following step and we are thrilled that after extensive testing and SafeCalls tenacity, the Oslo Municipality, has decided to move forward and provide GPS SmartSoles to its residences suffering from cognitive disorders both young and old,” said Andrew Duncan President Business Development. “We commend the hard work Safecall put in to earn this contract and wish them much success with their other proposals.”
GTX Corp’s patented GPS SmartSoles are the world’s first wearable yet invisible tracking recovery technology that are placed in the wearer’s shoes and contain a GPS chip connected through a global cellular network that sends a signal to a central monitoring website or app showing the exact location of the individual wearing the SmartSoles. They are water resistant, 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 simplicity behind the SmartSole Platform is that when someone wanders off, becomes lost or abducted, a text or email alert is sent to a caregiver’s phone and computer with a direct link to a Google map plotting the location. Alerts can be directed to a local authority and/or a private call center to provide continuous monitoring and support.
About Safecall
Safecall Denmark ApS was founded in 2004 and has been focusing on GPS localizing systems for people who wander. The Safecall localizing platform has been developed through the years, and is now the market-leading platform in Denmark, used by thousands of people in the healthcare sector every day. The platform makes it possible to use different kinds of localizing equipment, but with the same easy user interface every time. This enables the healthcare staff to concentrate on the care and not on the IT systems. It is possible to use whatever preferred device for localizing, PC, SMS messages, Laptop, Native APP for both IoS, Android and Windows. An API is used when integrated into nurse call systems.
A photo accompanying this announcement is available at :http://www.globenewswire.com/NewsRoom/AttachmentNg/1739e1d9-0091-42fe-9146-02bc2e5886e9
About GTX Corp
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.
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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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