LOS ANGELES, June 24, 2015 (GLOBE NEWSWIRE) -- GTX Corp (OTCQB:GTXO), an IoT platform in the personal location GPS wearable technology and wandering assistive technology business announced that it has been granted membership into the United Nations Global Compact (UNGC), a strategic policy initiative for businesses that are committed to aligning their operations and strategies with 10 universally accepted principles (in the areas of human rights, labor, environment and anti-corruption) and take actions that advance social awareness.
"We founded GTX Corp on the simple premise to empower the global community with smart wearable technology centered on the safety, security and well-being for all who are impacted," commented Patrick Bertagna, founder and CEO of GTX Corp. "By joining the United Nations Global Compact, we will be able to work closely with other like-minded organizations focusing on collaboration and innovation to address some of the health and humanitarian challenges we face today. We take our responsibility very seriously to provide the tens of millions of caregivers with life changing technologies to enhance the quality of life for seniors and others who suffer from cognitive memory disorders. It is truly a great honor to become a member of the UNGC."
The UNGC will allow for a greater transparency of GTX Corp and its global initiatives. It will provide a framework for reporting progress and potential, and establish guidelines for the development, implementation and disclosure of sustainability policies and practices, offering members a wide spectrum of work streams, management tools, and resources. Additionally, the UNGC will relay information to the stake holders that the Company has established values, implemented responsible policies and took strategic actions to advance broader social goals in order to help create a better world.
The GTX Corp mission has been aligned with social responsibility since its founding as a pioneer in placing wandering assistive technologies in wearables. Early this year the Company launched the GPS SmartSoles which are a stigma free, safety and security proactive monitoring and tracking solution for those who suffer from Alzheimer's, dementia, autism and TBI, and have a tendency to wander. However the GPS SmartSoles are not limited just for seniors. Because this is wearable but invisible tracking technology it can also help protect journalists, diplomats, ambassadors, avid business travelers, and other high-profile individuals who travel to dangerous or remote regions of the world.
GTX Corp (GTXO) is a holding company that owns and operates two subsidiaries engaged in the IoT and wearable technology business. GTX was founded in 2002, became publicly traded in 2008, and is headquartered in Los Angeles, California, with a European distribution and fulfilment center in Ireland / U.K. and international reseller/distributors in Canada, Mexico, Australia, Nepal, Italy, Switzerland, Austria, Sweden, Norway, The Netherlands and Finland that service customers in over 20 countries.
Known for its game-changing and award-winning patented GPS Smart Shoe, block buster Smartphone GPS Tracking App, and GPS SmartSole, GTX provides a global monitoring platform and solutions that answer the "where is" question: where is my mother, child, employee, pet, vehicle and high value asset.
Through a robust enterprise licensing, subscription business model the Company offers a complete end to end solution of location based hardware, middleware, apps, connectivity and professional services. Letting you know where or how someone or something is at the touch of a button, delivering security and peace of mind in an instant. GTX Corp also owns and operates LOCiMOBILE, Inc which develops applications for smartphones and tablets and Code Amber Alertag. The Company has a comprehensive intellectual property strategy and owns an extensive portfolio of patents, patents pending, registered trademarks, copyrights and URL's and was recently featured in a 38 page research piece which outlines the value proposition of the Company's IP portfolio.
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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 at http://www.sec.gov). 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.