GTX Corp (GTXO) Inks New Contract with US Military, Continues to Open New Markets for Assistive GPS Tracking and Digital ID Solutions

September 7, 2018 11:38:17
  • U.S. Air Force signs new order for GTX Corp’s proprietary encrypted GPS technology platform designed to track personnel and equipment
  • Company signs distribution and collaboration agreement with KGH, Inc.; KGH founder and CEO Dr. Kathleen Kiernan, a 29-year veteran of federal law enforcement, joins GTX Corp advisory board
  • Number of subscribers to GTX technology up 57 percent and subscriber revenue up 108 percent in Q2 2018
  • GTX’s flagship GPS SmartSole product designed to improve and save lives of at-risk individuals with dementia, Alzheimer’s and autism; currently in pilot program under NHS in the UK
  • Number of people living with dementia predicted to double by 2050, rising to 131.5 million worldwide

GTX Corp (OTC: GTXO), a pioneer in the field of wearable GPS tracking and wandering assistive Internet of Things (IoT) technology, is quickly becoming a go-to provider of innovative solutions that monitor, track and relay the locations of both assets and people. In a news release, GTX announced that it has received a new contract from Edwards Air Force Base (AFB) for additional units of the company’s Personnel, Equipment Tracking System (P.E.T.S.), a lightweight, mobile non-cellular, encrypted GPS technology platform designed to track personnel and equipment (http://nnw.fm/t78NT).

GTX will manufacture, install and provide ongoing maintenance for the P.E.T.S. platform, delivering the initial order in Q1 2018 and expecting to deliver this second order by…

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