LOS ANGELES, CALIFORNIA, March 28, 2019 (GLOBE NEWSWIRE) -- GTX Corp (GTXO) (GTX), a pioneer in the field of wearable GPS, people and asset tracking Location-Based Services (LBS) and Real-Time Location Systems (RTLS), today announced it has been awarded a Supplier Registration Certificate from the Sri Lanka Ministry of Defense.
Over the past six months, GTX has been working with the Sri Lanka government to get its line of military-grade GPS tracking solutions approved for sale and import into the country as part of a large scale requirement from the Sri Lanka Army, Disaster Management Centre, and Centre for Research and Development under the Ministry of Defense to tag, track and locate (TTL) their personnel and equipment.
“We have been diligently working with Major General (retd) Fadyl Meedin RSP Ldmc, from the Space Technology & Solutions (Pvt) Ltd to provide all the necessary requirements in order for GTX to become an approved Sri Lanka military supplier,” stated Andrew Duncan, GTX Corp Director of Business Development.
Shortly following the Sri Lanka government approving their 2019 annual budget of $17.5 billion, GTX received an Official Letter and Certificate (registration number F191478) approving the Company as a registered supplier for the year 2019 under the Ministry of Defense for categories J6, J28, J29, J44, J57, J70, RS1 and RS2.
Patrick Bertagna, GTX Corp CEO, commented, “As we continue to support our U.S. military, we are very pleased to have this opportunity to supply GPS technology solutions for the Sri Lanka Army. Our line of TTL products at their core are designed to help save lives and track valuable equipment and it is very rewarding to see GTX be recognized as a solution provider in this area.”
Dr. Kathleen Kiernan, a GTX advisor, with 30-plus years of government experience and who has worked in Sri Lanka, added, “Sri Lanka is an extraordinary country, rich in culture and an absolute pleasure to work with. And as part of our ongoing commitment to purse and grow this channel of business both domestically and internationally, we have scheduled meetings with several other government agencies in April in Washington D.C.”
GTX Corp is best known for its flagship GPS SmartSole shoe inserts, which are designed to improve and save lives of people who wander due to Alzheimer’s, dementia or autism. GTX is a “For-Profit with Purpose” company that owns and licenses more than 85 patents and takes particular pride in the fact that many of its products are manufactured in the USA, with multiple GPS tracking solutions in the marketplace, all of which are available through the Company’s online store, Amazon and authorized resellers and distributors across the globe.
About GTX Corp
GTX Corp (GTXO) is a pioneer in smart, mobile and wearable GPS tracking and recovery location-based solutions, supported through a proprietary IoT enterprise monitoring platform and intellectual property portfolio. GTX offers a global end-to-end solution of hardware, software and connectivity and develops two-way GPS tracking technologies, which seamlessly integrate with consumer products and enterprise applications. GTX 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. 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’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, private schools, assisted living facilities, NGOs, small business enterprises, 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.