GTX Corp (OTCQB: GTXO) significant Intellectual Property portfolio could be the Company's crown jewel
GTX’s GPS Smart Shoe is an invention that incorporates 21 different patents, designed for seniors suffering from dementia or Alzheimer's and that are prone to wandering off. If the senior wanders too far from home, an alert can be sent to their caregiver helping to ensure the safety of the senior and giving peace of mind to the senior’s family.
This shoe is manufactured and distributed in partnership with Aetrex Worldwide, Inc., a leading footwear manufacturer based on of NJ. The GPS Shoe has been widely covered by major newspapers around the world, including The New York Times, and it has been featured in reports on a number of national television shows and was nominated as one of the 100 most important inventions of all mankind.
That nomination built on GTX’s reputation as an award-winning company. In 2010, the GPS Shoe was nominated for and won the People’s Choice Award for offering the most innovative connected device. This year, GTX was included in the prestigious Entrepreneur Magazine -100 Brilliant Companies list and ABI Research identified GTX Corp as a company paving the way into the next billion dollar market which the research firm identified as "Personal Tracking”
GTX holds a leadership position in customizable, patented 2-way GPS Tracking Personal Location Services (PLS) solutions. To date, GTX has created two custom GPS tracking solutions in two separate vertical markets ( the monitoring of seniors and the monitoring of high value assets) and has on-going initiatives to develop and deploy additional custom hardware, software, monitoring and connectivity solutions in other vertical markets. GTX also offers consumers a number of apps based on GPS tracking technology that can be used for safety and socializing. As of May 9, 2012, the company’s latest annual report showed that it offered 17 apps and had experienced over 1.2 million downloads in 147 countries.
As the location based industry continues to grow and larger companies begin evaluating an entry point, GTX Corp with its 78 patents and patents pending is sitting on what clearly is going to become its largest asset and greatest value.
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so if their intellectual property is so valuable who do you suppose might want to buy gtxo? what company would they fit into? another gps company lojak? garmin? who do you suppose? or a healthcare monitoring service company like rohi? an inhome patient care company or an assisted living facility company like amed or afam?
from what i've gathered, the price of the mo. service fee could be preventing sales. But i don't know exactly how the shoe is selling. All i know is when i first heard that Aetrex (a highly recognized company) gave GTX a shot I thought that would be the start of something special. Given the market for the shoe (the high # of people with Alzheimers and Dimentia, i thought the shoe would sell itself. Lastly, given the great publicity surrounding the shoe (the ads on CNBC, all over the web, at various "Top Innovative Business Idea" conferences worldwide, i thought the stock would soar. I don't know what's wrong, but at .04 a share this thing looks like it's on the verge of collapsing. I bought at .15 :( and my wife has been begging me to sell. I'm still holding firm, possibly foolishly, to the prospects for success though.