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GTX Corp Signs Agreement with Possum Ltd Expanding Distribution of the SmartSole across UK and Ireland09 June 2016
LOSANGELES, CALIFORNIA –June 9, 2016 – GTX Corp (OTCBB: GTXO), an IoT platform in the personal location GPSwearable and wandering assistive technology business, announced the commercial launch of the GPSSmartSole with Possum Ltd,a B2B Healthcare and Telehealth provider conducting business across the UK and Ireland.
Possum is an independent,privately owned British company which develops, manufactures, supplies,installs and supports Electronic Assistive Technology products and systems tothe National Health Service and distributes and supports a wide range ofproducts to the Telehealth and Technology Enabled Care and Support markets. Established in 1961, Possum is a former holderof one of the most prestigious business awards in the UK, the Queen’s Award for Enterprise in the Innovationcategory.
PhilipRobinson, Managing Director of Possum stated, “Deploying new innovativetechnologies such as the GPS SmartSoles, which can improve health outcomes,increase independence, reduce loneliness and isolation is what we are all about. The GTX team has been wonderful to work with. We signed our Agreement last week, issued aPO right away and they have already shipped us our first order.”
AndrewDuncan, GTX Corp Director stated, “Possum is a major provider of ElectronicAssistive Technology and Telehealth products in the UK. Possum has strong relationships in theNational Health Service and with Local Authorities. We are very excited to beworking with them to develop these growing markets.”
“In 2015, it was estimated that there were 850,000 people living with dementia inthe UK. As a result of memory, physical and communication challenges, peoplewith dementia may experience social isolation and loneliness. Going for a walkcan sometimes be a challenge for them, which can lead to getting lost ordisorientated even in familiar surroundings. These distressing experiences canresult in reduced activity, increased social isolation and increased caregiverstress, so any form of technology that can support people to get out and aboutmore safely and confidently, such as the GPS SmartSoles is a significantquality of life improvement. We look forward to working with Possum as theirmission and ours are in complete alignment - harness wearable technologyto empower people,” said Nelson Skip Riddle, GTX UK Healthcare Adviser.
GTX Corp's patented GPS SmartSoles®, which werefeatured in AARP’s 2015technology gear guide are a stigma free, safety and security unobtrusive monitoring andtracking solution for those who suffer from Alzheimer's, dementia, autism, TBIand other memory disorders and have a tendency to wander. Theyare placed in the wearer’s shoes and contain a miniaturized GPS tracking chipconnected through a cellular network that sends a signal to the GTX Corpmonitoring portal or app, showing the exact location of the individual wearingthe SmartSoles. They come inseveral trim to fit sizes for both men and women, are water resistant, madewith the highest quality electronic components and assembled in Rhode Island,U.S.A.
Thesimplicity behind the SmartSolePlatform is that when someone wanders off or becomes lost, a text oremail alert is sent to a caregiver’s phone and computer, with a direct link toa map plotting the wanderer’s location. Alerts can also be sent to Local Authority and private Call Centres toprovide effective monitoring and support.
Founded in Buckinghamshire in 1961, Possum is today a marketleader in the provision, installation and support of many types of ElectronicAssistive Technology. These include EnvironmentalControl Systems, Telecare, Telehealth and TECS (Technology Enabled Care andSupport Services). Possum develop andoffer innovative and proprietary products and also source class leading newtechnology from third party suppliers to bring to the UK market. With an internal research and developmentfunction, manufacturing facilities, a network of highly qualifiedservice/installation engineers and a team of expert trainers, we offerunrivaled reassurance and support to our customers. Possum has a strong established customer basein the National Health Service, Social Services and Local Authorities and alsoworks with reseller partners to make this exciting technology more widelyavailable.
Possum Limited contact details:
+44 (0)1296 461000
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 14countries, GTX is known forits game-changing and award-winning patented GPSSmart Shoe,blockbuster Smartphone GPSTracking App, and innovative GPSand BLE SmartSole.GTX provides solutions that answer the "where" question: where is mymother, child, employee, vehicle, drone and high value assets. Through aproprietary global enterprise IoT monitoring platformand licensing subscription business model, the Company offers a complete end toend solution of hardware, middleware, apps, connectivity and professionalservices. Letting you know where or how someone or something is at the touch ofa button, delivering security and peace of mind in an instant. GTX Corp alsoowns and operates LOCiMOBILE, Incwhich develops applications for smart phones and tablets andCode Amber Alertag.The Company has a comprehensive intellectual property strategy and owns an extensiveportfolio of patents,patents pending, registered trademarks, copy rights and URL's and was featuredin a 38 page research piece which outlines the value proposition of theCompany’s IP portfolio andmore recently in the SeeThruEquity research report.
The patented GTX Corp wearable technology products and tracking devices, enablewearers to be monitored remotely, thereby helping to ensure their safety incase they wander or become lost due to cognitive disorders such as Alzheimer’s,dementia, autism and TBI. For more information on the Company’s flagshipproduct the GPS SmartSole visit us:
Social media - #withyou #smartsole
General information, licensing or investor relations email:
In the UK, GTX Corp operates from offices in London and its Dublin-based European distribution centre. For more information, please contact: Nelson Skip Riddle contact details are:
Tel: +44 7785 364100
Disclaimer: GTX Corp does not warrant or represent that the unauthorized use of materials drawn from the content of this document will not infringe rights of third parties who are not owned or affiliated by GTX Corp. Further GTX Corp cannot be held responsible or liable for the unauthorized use of this document’s content by third parties unknown to the company.
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 causeGTX’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.