LOS ANGELES, Oct. 21, 2015 (GLOBE NEWSWIRE) -- GTX Corp (OTCBB:GTXO), a pioneer in GPS wearable technology and global provider of personal location wandering assistive technology, announced today the signing of a distribution agreement with Safecall Denmark ApS which provides GPS tracking systems for the healthcare sector in Denmark and Norway.
The GPS SmartSoles were officially launched in the U.S. at the beginning of this year and within the past 6 months the Company has expanded its distribution network across the world with a strong and growing presence in Europe, including the recent launches in Ireland, Germany, U.K., Sweden, Netherlands and now Denmark.
Denmark has a population of about 5.6 million people of which approximately 85,000 are currently diagnosed and living with dementia according to the Danish Alzheimer's society with an annual cost reaching as high as 20 billion DKK or $300 million. Dementia is the result of damage to brain cells and today affects the memory of close to 50 million people worldwide with no cure on the horizon.
"Our customers demand from us to keep offering more sophisticated tracking devices, better design and non-stigmatizing products," commented Tommy Rasmussen, Director of Safecall Denmark ApS. "The GTX SmartSoles are exactly what we have been looking for, and we have spent the past four months evaluating the SmartSoles, both ourselves and by some of our key customers, including municipalities, government institutions and consumers. We feel very confident that the GTX SmartSoles will be the preferred device among our customers. The implementation into our platform is successfully finished, and the product will be officially launched this month."
"Safecall Denmark is a great partner to work with," commented Andrew Duncan GTX Corp director of business development. "They have been moving very quickly and diligently in order to prepare for their launch and within four months we have managed to transition from an initial pilot, to a test order, to a full commercial rollout. The European market is really picking up for us and we are delighted to be working with Tommy and his team."
"With approximately 2% of the population having been diagnosed with Alzheimer's, dementia, autism, TBI or some other cognitive disorder which may lead to wandering due to memory loss, the SmartSoles play an invisible but vital role in the safety, security and recovery of these individuals and their caregivers," stated Patrick Bertagna GTX Corp CEO. "We look forward to working with Safecall and providing them with innovative tracking solutions like our GPS and BLE SmartSoles."
The patented GPS SmartSoles, which were recently showcased in Munich, at the Telefonica 2015 Innovation Conference Digital Innovation Day 2015, featured in AARP's 2015 technology gear guide and came in 2nd place, with Microsoft finishing 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 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.
Safecall Denmark ApS was founded in 2004 and has been focusing on GPS localizing systems for people who wander. The Safecall localizing platform has been developed through the years, and is now the market leading platform in Denmark, used by thousands of people in the healthcare sector every day. The platform makes it possible to use different kinds of localizing equipment, but with the same easy user interface every time. This enables the healthcare staff to concentrate on the care and not on the IT systems. It is possible to use whatever preferred device for localizing, PC, SMS messages, Laptop, Native APP for both IoS, Android and Windows. An API is used, when integrated into nurse call systems.
GTX Corp (GTXO) is a pioneer in Smart, Mobile and Wearable GPS, cellular and BLE tracking and recovery technology. Headquartered in Los Angeles, California, with distributors in over 14 countries, GTX is known for its game-changing and award-winning patented GPS Smart Shoe, blockbuster Smartphone GPS Tracking App, and innovative GPS and BLE 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 IoT monitoring 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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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.