GTX Corp (OTCQB: GTXO) Partner Aetrex Launching New Site for GPS Shoes
GTX’s GPS Shoes are a life changing invention that brings peace of mind to millions. With 21 different patents the GPS shoes can be worn by seniors and used by caregivers to track their location in real time. If the senior wanders too far from home, an alert can be sent to the caregiver helping to ensure the safety of the senior and giving peace of mind to the senior’s family. This uses GPS tracking technology to help track individuals afflicted with cognitive disorders such as Alzheimer’s and other forms of dementia who have a tendency to wander and become lost.
This shoe, manufactured and distributed in partnership with Aetrex Worldwide, Inc., a leading footwear manufacturer, 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 including The Doctors and Fox News. It has also been nominated as one of the 100 most important inventions of mankind.
The Navistar GPS footwear system has been available under a soft launch program since early this year. Aetrex has just launched a new site and added new styles and colors at www.navistargpsshoe.com and is opening up international sales to Canada.
The potential revenue for GTX from this product is significant. Once Aetrex sells the shoes, users can sign up for a monthly monitoring plan at around $35 per month per pair or more if the consumer chooses an updated plan. GTX Corp has shipped 4,500 devices to Aetrex, which have been manufactured into shoes and being shipped out of their New Jersey warehouse, creating potential gross revenue of $1.9 million a year for the Company.
GTX’s potential has been recognized by the business press. Earlier 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 the M2M space with its 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. The Company also owns and operates Code Amber Alertags.
About GLX - The Global Listing Exchange The Global Online Investment Community - GLX provides interactive advertising, conference and event coordination, digital IR/PR, journalism, market intelligence, media/marketing, news dissemination, research, video production and ancillary specialty communications services to publicly traded companies worldwide.