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The reissuance of US Patent No. 6,788,200 as reissue patent RE 40,897 reportedly significantly increases the company's IP portfolio value.
The company said that in addition to original claims 1-20, the reissue patent includes new claims 21-47, which are much broader than the original claims and also entitled to the original filing date of October 2002.
The company said it is currently working with Aetrex Worldwide Inc, a provider of adult pedorthic footwear, preparing to bring to market the patented GPS enabled shoe.
The GPS Shoe is expected to enable carers to instantly connect with those who have illnesses such as Alzheimers if they become lost due to wandering. The GPS Shoe patent covers a transceiver locator unit discreetly placed within the footwear providing a 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.
GTX Corp (GTXO.OB) develops and integrates 2-way GPS people finding and connecting technologies.
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