LOS ANGELES, CA — (Marketwired) — 07/13/16 — (OTCBB: GTXO), an IoT platform in the personal location wearable and wandering assistive technology business announced the signing of a distribution agreement with , a GPS application solutions integrator headquartered in Cincinnati Ohio. The agreement grants RACO exclusive distribution rights to the Location Based Services industry in the United States for the GPS SmartSoles and other GTX Corp products. In order to maintain exclusivity, RACO is committing to purchasing a minimum of 15,000 units over the next 3 years.
Established in 1988, RACO is a privately held company founded by Rob Adams who was also the founder of RacoWireless. “The GPS SmartSole technology is a natural extension of our existing tracking business. We are excited to partner with GTX Corp to provide assistance to those who suffer from cognitive disorders,” says Rob Adams, CEO of RACO Industries.
“As we continue to expand our channels of distribution we are excited to bring on a new partner in the U.S. that has a deep understanding of systems integration and the overall GPS/Wireless industry,” stated Patrick Bertagna GTX Corp CEO.
GTX Corp–s patented ®, which were featured in are a stigma free, safety and security unobtrusive monitoring and tracking solution for those afflicted from Alzheimer–s, dementia, autism, TBI and other memory disorders and have a tendency to wander. They are placed in the wearer–s shoes and contain a miniaturized GPS tracking chip connected through a cellular network that sends a signal to a monitoring portal or app, showing the exact location of the individual wearing the SmartSoles.
The simplicity behind the SmartSole Platform is that when someone wanders off or becomes lost, a text or email alert is sent to a caregiver–s phone and computer with a direct link to a Google map plotting the wanderer–s location. Alerts can be directed to a local authority and/or a private Call Centre to provide continuous monitoring and support.
Currently Alzheimer–s and dementia impacts over 6 million people in the U.S. with predictions of 16 million by the year 2050. Alzheimer–s is such a demanding condition, that it often impairs the health of those caring for the victims. Nearly 10 million caregivers, mostly family members, spend $148 billion dollars year for the care of their loved ones.
, LLC
is an industry-leading integrator of mobile data collection solutions, ID card printing systems, mobile content deployment, wireless data and professional services. RACO–s business solutions encompass most , , and application to enhance productivity and services of the mobile workforce. RACO Industries provides clients with real-time visibility to their mobile information at the point of service. Their customer base of logistics, transportation, manufacturing and service organizations rely on RACO to improve efficiencies and reduce costs.
GTX Corp (GTXO) is a pioneer in Smart, Mobile and Wearable GPS, cellular and BLE tracking and recovery technology. Headquartered in Los Angeles, California, with distributors in over , GTX is known for its game-changing and award-winning , blockbuster Smartphone , and innovative . GTX provides solutions that answer the question: where is my mother, child, employee, vehicle, drone and high value assets. Through a proprietary global enterprise IoT monitoring platform and licensing subscription business model, the Company offers a complete end to end solution of hardware, middleware, apps, connectivity and professional 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 which develops applications for smart phones and tablets . The Company has a comprehensive intellectual property strategy and owns an , patents pending, registered trademarks, copy rights and URL–s and was featured in a and more recently in the .
The patented GTX Corp wearable technology products and tracking devices, enable wearers to be monitored remotely, thereby helping to ensure their safety in case they wander or become lost due to cognitive disorders such as Alzheimer–s, dementia, autism and TBI. For more information on the Company–s flagship product the GPS SmartSole visit us:
– #withyou #smartsole
In the UK, GTX Corp operates from offices in London and its Dublin-based European distribution center. For more information, please contact: Nelson Skip Riddle contact details are:
Email:
Tel: +44 7785 364100
Disclaimer: GTX Corp does not warrant or represent that the unauthorized use of materials drawn from the content of this document will not infringe rights of third parties who are not owned or affiliated by GTX Corp. Further GTX Corp cannot be held responsible or liable for the unauthorized use of this document–s content by third parties unknown to the company.
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 ). 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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