GTX Corp extends its growing IP portfolio and a partnership with
Talk About Curing Autism to develop GPS tracking location based solutions aimed
at aiding families living with autism
customizable, 2-way GPS
tracking location based solutions has been granted another utility patent,
adding to the company’s growing IP portfolio that includes 11 issued patents, 5
patents pending and 34 U.S. and 28 foreign patents under its license. The multi-patented GPS
technology platform will also soon serve as the foundation for products
designed to help the millions of families affected by autism, as a result of a new partnership
between GTX Corp and Talk About Curing Autism (TACA).
This new Patent 8,154,401 B1
titled “System and Method for Communication
with a Tracking Device” protects many of the vital communications with the GTX
Corp backend processes that are currently being used daily by the Company’s
licensed enterprise partners and consumers, enhancing the Company’s barriers to
entry in the growing $13 billion location based services industry. “This new patent has 30 claims, including 2
independent claims. One of the
independent claims is directed to a tracking device with remotely configurable
settings and the other independent claim is directed to a method of
communicating configuration data to a tracking device. This patent further strengthens the Company’s
already extensive IP portfolio and overall value,” said Larry E. Henneman, Jr., Registered
U.S. Patent Attorney.
Continued technological
innovation and partnerships such as the one between TACA and GTX Corp advances
the reality that healthcare is no longer limited to what happens in the
hospital. Healthcare
and safety is becoming integrated into our phones, our homes and even our
clothing with the convergence of digital and medical technologies. “We are
excited to partner with GTX Corp and to begin providing the thousands of
families we work with, technical solutions for those diagnosed with autism who
wander from their families. This partnership will address the serious safety
concerns for the many families we serve,” stated Lisa Ackerman, TACA Founder.
“With our award winning multi-patented GPS Smart Shoe and patent-pending Alertag we have been at the
forefront of connected health for years, providing new levels of functional
oversight, security and peace of mind to a variety of audiences and needs,” commented
Patrick Bertagna, CEO of GTX Corp. “We look forward to developing and bringing
to market new, innovative products that both satisfy the ever-increasing
consumer demand for location based solutions and that will help support the
families challenged with a special needs child.”
Wandering is an enormous issue for the autism
community. Recent research concludes that 48% of children diagnosed with autism
wander and are susceptible to injury, death and other safety issues. This partnership will offer families affected
by autism a solution for helping track and potentially assist in keeping their
loved one safe.
Recently analyst firm TNS said a
majority of people around the world were now recognizing the value of sharing
their location. Given the report, almost one fifth, or 19 percent, of the
world's mobile users are already using location based services, and more than
three times that (62 percent) aspire to do so very soon. With the expectation
of this market seeing sizable growth over the next few years GTX Corp is
positioning itself well by continuing to build a strong intellectual property
portfolio and expand its strategic relationships.
About
GTX Corp (GTXO.OB) - The 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 147 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.
Online: http://www.gtxcorp.com/contact/ www.facebook.com/gtxcorp www.twitter.com/gtxcorp
Product and
licensing e mail - info@gtxcorp.com
Public Relations contact Suzy
Ginsburg (713) 721.4774 suzy@gcomworks.com
Investor
Relations ir@gtxcorp.com
About TACA -Talk About Curing Autism is a
national organization, headquartered in Irvine California, dedicated to providing
information, resources, and support to families affected by autism. (TACA)
provides support, education and information, and resources to almost 30,000
families in the U.S. who are touched by
autism. Over 95 percent of TACA’s services are provided at no charge. TACA
helps to strengthen the autism community by connecting families with
professional assistance and serves to bridge the gap between diagnosis and
effective treatment. Further information about Talk About Curing Autism and
resources for families living with autism can be found at www.tacanow.org
or by calling (949) 640-4401.
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