GTX Issued New Patent that Strengthens its Intellectual Property Protection around its Flagship GPS SmartSole Product

LOS ANGELES, CALIFORNIA, Sept. 24, 2020 (GLOBE NEWSWIRE) -- GTX Corp (OTC: GTXO) (“the Company”), a pioneer in the field of health & safety wearable GPS human and asset tracking systems and personal protective medical equipment, announced today it has been issued a new patent by the United States Patent and Trademark Office (USPTO).

U.S Patent No. 10,743,615 entitled “System and Method for Embedding A Tracking Device in a Footwear Insole” is GTX’s third patent related to embedding Real-Time Location Systems (RTLS) GPS wearable tracking technology into footwear. “This patent covers different aspects of the GPS SmartSole product and we expect to receive more patents covering other aspects on related applications in the future” said Larry Henneman, GTX’s Patent Counsel.

“As the global wearable medical device market continues to grow and expecting to reach $9.4 billion by 2022, this patent solidifies the strength and dominance of our portfolio with respect to wearable tracking and monitoring technologies embedded in footwear,” said Andrew Duncan, Director GTX Corp.

GTX’s Intellectual Property portfolio underpins its growing value proposition as the Company continues to expand its wearable technology portfolio by leveraging the pending open continuation on this new issued patent.

“The ongoing investment in IP demonstrates GTX’s commitment to develop technology in the growing wearable tech space and further enhances our competitive barriers to the market. These patents not only apply to our flagship GPS SmartSole product line, but also will support and advance our value proposition within the wearable tech industry,” said Patrick Bertagna, GTX Corp CEO. “As a pioneer in wearable tracking and monitoring technology, we are watching larger companies such as Nike, Apple, Samsung, Garmin, Verizon and others navigate in this space. We will continue to enhance our competitive position and increase our value through innovative advancement,” added Patrick Bertagna.

Most widely known for its patented GPS SmartSole and Smartphone GPS Tracking App, GTX also distributes an extensive line of Personal Protective Equipment “PPE”. GTX Corp is a For-Profit with Purpose Company, which owns, and licenses an extensive IP portfolio, is a U.S. military contractor and GSA contract approved supplier. The Company takes particularly pride that many of its products are manufactured in the U.S. Many of the Company’s products are available on its online store, Amazon, and authorized resellers and distributors across the globe. To find out more how you can buy or become an authorized reseller contact [e-mail] business development.