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Larry Hennemen, the attorney for GTX Corp who manages the growing IP portfolio for the Company and who was instrumental in drafting the additional claims, states, "Life just got tougher for our competitors and RE 40,897 is just the tip of the iceberg. I expect three more reissue applications to be allowed any day now. Each of these patents will include claims broadly directed to other fundamental features of our platform and products; and these reissue patents along with GTX Corp's other utility and design patents and patents pending should provide a significant competitive advantage in GTX Corp's technological space." The expansion of the Company's IP portfolio and specifically in the GPS shoe category is perfect timing as the Company is currently in China working with Aetrex Worldwide, Inc., a global leader in adult pedorthic footwear, preparing to bring to market the patented GPS enabled shoe dubbed the "Ambulator." The GPS Shoe will afford millions of caregivers the means to instantly connect with those afflicted with Alzheimer's that will become lost due to wandering. The GPS Shoe patent covers a transceiver locator unit discreetly placed within the footwear providing a dynamic method for accurately positioning the shoe with GPS data capture and transmission of that location to a central monitoring station which disseminates the secure data through the use of proprietary software and cellular connectivity and the internet. Chris Walsh, GTX Corp COO and ex VP at Nike and Reebok affirmed; "A broad patent or several in this case, effectively creates more barriers to entry and blocks competition. We have been committed to a strong, ongoing IP philosophy from day one and continue to invest in our future, offering protection and value to our investors, partners and licensees." About GTX Corp GTX Corp (GTXO.OB) develops and integrates 2-way GPS people finding and connecting technologies which seamlessly integrate with consumer products and enterprise applications. Utilizing the latest in miniaturized tracking and cellular location technology, the company offers a GPS location platform that enables subscribers to track in real time the whereabouts of people, pets, or high valued assets through its customizable transceiver module, wireless connectivity gateway, middleware, and viewing portal. Committed to being the "better people finder" GTX Corp owns LOCiMOBILE, Inc which markets iPhone GPS Apps that transform smart phones into real time personal location devices, letting people connect with one another. And the Code Amber News Service and the new Code Mobile service which is dedicated to the recovery of missing persons and is the leading US and Canadian syndicator of online Amber Alerts. Founded in 2002 and based in Los Angeles, California, the company continues to develop innovative geo-specific and proximity alerting solutions including iPhone GPS Apps that identify where someone or something is at the touch of a button. The company believes in a strong intellectual property strategy and to date has an extensive portfolio of patents, patents pending, registered trademarks, copyrights, and URLs.
For more information regarding GTX Corp, please contact:
Ross Silver
Investor Relations
(213) 489.3019 ext 646
ir@gtxcorp.com
Joel Margulies
Public Relations
(310) 433 0299
jmargulies@gtxcorp.com
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 help responsible or liable for the unauthorized use of this document's content by third parties unknown to the company. SOURCE GTX Corp http://www.gtxcorp.com For full details for GTXO click here.
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