GTX Corp Signs Letter of Intent with TRACKER.COM to Set Up Commercial Launch of the GPS SmartSole(TM) in Switzerland and Austria
Los Angeles, November 13, 2013 - GTX Corp (GTXO), a leader in customizable, patented 2-way GPS solutions and TRACKER.COM, headquartered in Switzerland, recently signed a letter of intent to set up commercial operations to sell, distribute and support the GTX Corp platform of GPS enabled insoles.
"TRACKER.COM enters the wearable technology market by introducing the GPS enabled insoles"
TRACKER.COM is an established provider of advanced solutions for all purposes of locating objects and people and plans to enter the rapidly growing "wearable technology" market by launching the patented GPS SmartSoles throughout Switzerland and Austria. The insole combined with a miniaturized GPS/GPRS module and SIM card fits easily in every shoe. The SmartSole is the ideal companion for people who have a tendency to wander such as seniors suffering from Alzheimer’s / Dementia, for autistic children, for athletes and veterans with traumatic brain injury or just about anyone who requires some kind of remote oversight. Under the agreement and terms of the LOI the Companies plan to finalize the go-to-market strategy and pricing which will be announced in the following weeks.
President of Tracker.com Guido Honegger, states, "We are very excited about this opportunity to be the first European country to launch this extremely innovative and potentially life saving product and to be working with an American company that has been at the forefront of wearable technology for over a decade".
"Guido Honegger brings a core understanding of the region and proven track record in building technology companies and we look forward to working with him and his team", stated Patrick Bertagna, Chairman and CEO of GTX Corp.
The SmartSoles are passive to the wearer and have no on/off switches, which makes it easy-to-use and strives for seamless user experience. SmartSoles can easily be configured on the reliable and proven tracker-dashboard and adjusted to individual requirements.
More information on the product launch in Switzerland: www.tracker.com/smartsole
About GTX Corp (GTXO)
A pioneer in wearable technology and a leader in 2 way GPS real-time personal location based services. Known for its game-changing and award-winning patented GPS Smart Shoe, its blockbuster Smartphone GPS Tracking App, and GPS SmartSole, GTX offers a robust enterprise GPS and cellular location platform that provides real-time tracking of 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. GTX lets you know where or how someone or something is at the touch of a button; GTX Corp also owns and operates LOCiMOBILE, Inc. which develops applications for smart phones and tablets and Code Amber Alertag. The Company has an aggressive intellectual property strategy and owns an extensive portfolio of patents, patents pending, registered trademarks, copyrights and URL's.
TRACKER.COM provides an industry leading methodology and the Company produces high-quality and easy-to-use tracking devices under the premise: LOCATE ANYTHING, ANYTIME. The solutions at TRACKER.COM are constantly being developed and conform to the latest technology standards. TRACKER.COM’s applications are available as iPhone and Android apps, free of charge.
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