LOS ANGELES, Oct. 8, 2015 (GLOBE NEWSWIRE) -- GTX Corp. (OTCBB:GTXO), a leading provider of wearable monitoring and tracking solutions using GPS, Cellular and BLE technology, announced signing an agreement with Telefónica Germany. Under this agreement GTX Corp will leverage Telefónica's global Smart M2M platform and relationships across Europe. The Smart M2M (SM2M) agreement enables GTX Corp's patented GPS SmartSole and other innovative GPS and cellular tracking and monitoring solutions to be deployed across the globe using one SIM card and provisioning backend platform, complimenting Telefonica's telematics portfolio of novel products and solutions.
Helmut Schnierle, Head of M2M Sales at Telefonica Germany commented, "Our Smart M2M is a perfect ready-to-use solution that will enable GTX Corp to manage their global connectivity processes without having to invest in M2M development and IT infrastructure. With Our API, GTX will be able to easily integrate their backend with our Smart M2M platform. The SmartSoles received a lot of attention at our 2015 Innovation Conference and we were pleased to host the GTX management team at our annual conference and look forward to working with them to plan our go to market strategy."
"We are excited to be launching the GPS SmartSole in cooperation with Telefónica Germany to address the rapidly growing demand in Germany which has approximately 1.6 million people afflicted with dementia as well as other memory disorders associated with wandering such as autism and TBI," stated Andrew Duncan Director of Business Development for GTX Corp.
GTX Corp's flagship product, the GPS SmartSoles are a stigma free, safety and security unobtrusive monitoring and tracking solution for those who suffer from Alzheimer's, dementia, autism, TBI and other memory disorders and have a tendency to wander. The patented GPS SmartSoles, which were featured in AARP's 2015 technology gear guide and came in 2nd place, runner up to Microsoft 1st and Samsung taking 3rd place, in the 2015 Wearables, Health, Fitness & Wellness category at CTIA's Hot for the Holidays Awards competition, are placed in the wearer's shoes and contain a high accuracy miniaturized GPS tracking chip connected through a cellular network that sends a signal to the GTX Corp proprietary IoT platform monitoring website or smart phone app, showing the exact location of the individual wearing them. The SmartSoles come in 2 trim to fit sizes and will initially be available for sale in Germany at way4net.
Patrick Bertagna GTX Corp CEO stated, "The wearables market for health, wellness and personal safety is on the edge of a significant stride forward thanks to new and innovative technologies that provide the means to collect and manage vital data in a more convenient and automated fashion. Our partnership with Telefonica is significant because unlike other M2M devices once the SmartSoles are made there is no physical access to the SIM card and hence having a partner that can support our connectivity requirements and pricing demands from our customers is paramount to our global go to market strategy."
GTX Corp is committed to pioneering, creating and delivering Smart, Mobile and Wearable IoT Technology. Empowering the global community and keeping you connected to who and what matters most with GPS tracking and recovery location based services!
GTX Corp (GTXO) is a pioneer in wearable technology and enterprise GPS real-time personal location based services. Headquartered in Los Angeles, California, with distributors in over 13 countries, GTX is known for its game-changing and award-winning patented GPS Smart Shoe, blockbuster Smartphone GPS Tracking App, and innovative GPS SmartSole, GTX provides solutions that answer the "where" question: where is my mother, child, employee, vehicle, drone and high value assets. Through a robust global enterprise monitoring IoT platform and licensing subscription business model, the Company offers a complete end to end solution of 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 smart phones 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, copy rights 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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About Telefónica Germany
Telefónica Deutschland Holding AG, listed at the Frankfurt Stock Exchange in the Prime Standard, and its operationally active subsidiaries Telefónica Germany GmbH & Co. OHG and E-Plus Mobilfunk GmbH is part of the Spanish telecommunication group Telefónica S.A. headquartered in Madrid. The company offers its German private and business customers post-paid and prepaid mobile telecom products as well as innovative mobile data services based on the GPRS, UMTS and LTE technologies with its product brands O2 and BASE as well as several second and partner brands. In addition, the integrated communication provider also offers fixed network products, such as DSL telephony for private customers, as well as innovative IP telephony and networking solutions for business customers. Telefónica's product range is rounded off with modern high-speed internet products. With a significant presence in 21 countries and a customer base of 329 million accesses, Telefónica is one of the largest telecommunications companies around the world.
Telefónica in Deutschland
Markus Göbel, press officer
t +49 (0)89 2442 1280
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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.