The Autism Community in Action (TACA), a national nonprofit organization, surpassed its ambitious fundraising goal by raising over $1 million…
May 8, 2012 Los Angeles
GPS Technology Enhances Quality of Life For Autism Due to Wandering and Safety Issues
GTX Corp extends its growing IP portfolio and a partnership with Talk About Curing Autism to develop GPS tracking location based products aimed at aiding families living with autism.
Los Angeles– May 8, 2012 – GTX Corp (OTCBB: GTXO), the leader in customizable, 2-way GPS tracking location based solutions has been granted another utility patent, adding to the company’s growing IP portfolio that includes 11 issued patents, 5 patents pending and 34 U.S. and 28 foreign patents under its license. The multi-patented GPS technology platform will also soon serve as the foundation for products designed to help the millions of families affected by autism, as a result of a new partnership between GTX Corp and Talk About Curing Autism (TACA).
This new Patent 8,154,401 B1 titled “System and Method for Communication with a Tracking Device” protects many of the vital communications with the GTX Corp backend processes that are currently being used daily by the Company’s licensed enterprise partners and consumers, enhancing the Company’s barriers to entry in the growing $13 billion location based services industry. “This new patent has 30 claims, including 2 independent claims. One of the independent claims is directed to a tracking device with remotely configurable settings and the other independent claim is directed to a method of communicating configuration data to a tracking device. This patent further strengthens the Company’s already extensive IP portfolio and overall value,” said Larry E. Henneman, Jr., Registered U.S. Patent Attorney.
Continued technological innovation and partnerships such as the one between TACA and GTX Corp advances the reality that healthcare is no longer limited to what happens in the hospital. Healthcare and safety is becoming integrated into our phones, our homes and even our clothing with the convergence of digital and medical technologies. “We are excited to partner with GTX Corp and to begin providing the thousands of families we work with, technical solutions for those diagnosed with autism who wander from their families. This partnership will address the serious safety concerns for the many families we serve,” stated Lisa Ackerman, TACA Founder.
“With our award winning multi-patented GPS Smart Shoe and patent-pending Alertag we have been at the forefront of connected health for years, providing new levels of functional oversight, security and peace of mind to a variety of audiences and needs,” commented Patrick Bertagna, CEO of GTX Corp. “We look forward to developing and bringing to market new, innovative products that both satisfy the ever-increasing consumer demand for location based solutions and that will help support the families challenged with a special needs child.”
Wandering is an enormous issue for the autism community. Recent research concludes that 48% of children diagnosed with autism wander and are susceptible to injury, death and other safety issues. This partnership will offer families affected by autism a solution for helping track and potentially assist in keeping their loved one safe.
Recently analyst firm TNS said a majority of people around the world were now recognizing the value of sharing their location. Given the report, almost one fifth, or 19 percent, of the world’s mobile users are already using location based services, and more than three times that (62 percent) aspire to do so very soon. With the expectation of this market seeing sizable growth over the next few years GTX Corp is positioning itself well by continuing to build a strong intellectual property portfolio and expand its strategic relationships.
About GTX Corp (GTXO.OB)
The leader in enterprise 2 way GPS real-time personal location services (PLS) was founded in 2002 and is based in Los Angeles, California with distributors in Mexico, Australia and Nepal and customers in 147 countries. GTX Corp utilizes the latest in miniaturized, low power consumption technology and offers a robust enterprise GPS and cellular location platform to track in real time the whereabouts of people, pets, vehicles and high valued assets. Answering the “where is” question through a licensing business model and providing a complete end to end solution of hardware, middleware, apps, connectivity and professional services. Letting you know where someone or something is at the touch of a button, GTX Corp also owns and operates LOCiMOBILE, Inc which develops applications for smartphones and tablets, Code Amber News Service, and Code Amber Alertag. The Company has an aggressive intellectual property strategy and owns an extensive portfolio of patents, patents pending, registered trade marks, copy rights and URL’s.
For information visit online: www.gtxcorp.com www.facebook.com/gtxcorp www.twitter.com/gtxcorp
Product and licensing e mail – email@example.com
Public Relations contact Suzy Ginsburg (713) 721.4774 firstname.lastname@example.org
Investor Relations email@example.com
Talk About Curing Autism is a national organization, headquartered in Irvine California, dedicated to providing information, resources, and support to families affected by autism. (TACA) provides support, education and information, and resources to almost 30,000 families in the U.S. who are touched by autism. Over 95 percent of TACA’s services are provided at no charge. TACA helps to strengthen the autism community by connecting families with professional assistance and serves to bridge the gap between diagnosis and effective treatment. Further information about Talk About Curing Autism and resources for families living with autism can be found at tacanow.org or by calling (949) 640-4401.
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.
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