U.S. Patent No. 9,219,978 adds value to GTX IP’s overall portfolio and significantly strengthens its position in a rapidly growing multi-billion dollar market
Los Angeles, California – (UPTICK Newswire – March 2, 2016) – GTX Corp (OTCQB: GTXO), a pioneer and global provider of portable personal tracking technologies, has been granted another US patent related to its location-based monitoring platform and communication protocols. The recently issued U.S. Patent No. 9,219,978 is a significant addition to the existing family of communications protocol patents and to GTX Corp’s overall patent portfolio. In addition, GTX recently filed another patent application in this family, thus preserving the right to file more patent applications in the future under the â286â banner with a priority date of February 2008.
âThis is a treasure trove of valuable inventions and another potential change in our intellectual property portfolio,â commented Larry E. Henneman, Jr., GTX Corp’s patent advisor for over 10 years. âIt is becoming increasingly clear that these patents are very important, especially with a priority filing date going back to early 2008, when many location-based technologies had not yet been fully developed, and certainly not with features relevant to current wearable technology. Additionally, the wallet has one pending application, which means that we can continue to file divisional and / or continuation patents claiming communication protocol functionality that was disclosed in our original filing.
“The value of these patents to GTX is that they extend far beyond our primary footwear applications and into areas such as GPS watches, portable fitness devices that track location, portable GPS devices. , tracking applications on smartphones and tracking devices and platforms in general, said Andrew Duncan GTX Corp, Director of Business Development. We are extremely pleased to have been granted another patent in our very valuable patent family. which are key inventions on the operation of almost all two-way GPS devices today.
GTX Corp’s three patents – US 8,154,401, US 8,760,286 and US 9,219,978, offer significant value, particularly because these patents are not limited to any particular form factor or industry and are applicable to any device. generic tracking device, which in its simplest form includes a communication device (i.e. cell phone modem, Bluetooth or Wi-Fi communicator), location finder (i.e. – say a GPS or a Wi-Fi module) and a data memory. This technology is now commonly integrated into millions of devices, deployed in many industries.
Patrick Bertagna, CEO of GTX Corp, concluded: âIn 2008, when we were at the forefront of wearable technology, Apple had yet to launch the iPhone, no one had heard of Fitbit and GPS was mainly in cars, boats, airplanes and about to be introduced in our GPS Smart Shoes. Being at the forefront of this industry, we have created several protocols and filed patents on these inventions. Fast forward to 2016 and the world has changed – location based technologies are now ubiquitous! As a pioneer and forward-thinking in this industry and having had excellent legal advice along the way, we made the first investments in building a strong intellectual property portfolio that culminates today not only as as an obstacle to entry into our main activity, but also by increasing the overall GTX. enterprise value. “
The original patent specification that underlies the communication protocol patent family describes many other potentially patentable communication / configuration features. Due to the ongoing divisional application in this patent family, GTX is entitled to apply and is considering filing additional patents on several of these key features.
About GTX Corp
GTX Corp (GTXO) is a pioneer in smart, mobile and portable, cellular, and BLE GPS tracking and recovery technologies. Based in Los Angeles, California, with distributors in more than 14 countries, GTX is known for its revolutionary and award-winning patented GPS smart shoe, successful smartphone GPS tracking app, and innovative GPS and BLE SmartSole. GTX provides solutions that meet the “or“ question: where are my mother, my child, my employee, my vehicle, my drone and my valuables. With a strong global enterprise IoT monitoring platform and a subscription-licensing business model, the company offers a complete end-to-end solution of hardware, middleware, applications, connectivity and professional services. Lets you know where and how someone or something is at the push of a button, providing security and peace of mind in an instant. GTX Corp also owns and operates LOCiMOBILE, Inc, which develops applications for smartphones and tablets and Code Amber Alertag. The Company has a comprehensive intellectual property strategy and has an extensive portfolio of patents, pending patents, trademarks, copyrights and URLs. SeeThruEquity research report.
In line: www.gtxcorp.com www.locimobile.com www.gpssmartsole.com
Social media – #withyou #smartsoles
GTX Corp | LinkedIn
General Information, License or Investor Relations Email:
Disclaimer: GTX Corp does not warrant or represent that the unauthorized use of materials from the contents of this document will not infringe the rights of third parties which are not owned or affiliated with GTX Corp. In addition, GTX Corp cannot be held responsible for unauthorized use of the contents of this document by third parties unknown to the company.
This press release contains forward-looking statements. The words “expects”, “would”, “will”, “believes” and similar terms and expressions are intended to identify these forward-looking statements. Forward-looking statements are based on estimates and assumptions made by GTX in light of its experience and perception of current conditions and expected future developments, as well as other factors GTX deems appropriate in the circumstances. Many factors could cause GTX’s actual results, performance or achievements differ materially from those expressed or implied by forward-looking statements. Certain risk factors that may cause actual results to differ are set out in GTX’s Annual Report on Form 10-K filed with the United States Securities and Exchange Commission (which can be obtained at http: // www.sec.gov). These factors should be carefully considered and readers should not place undue reliance on GTX’s forward-looking statements. GTX has no intention and assumes no obligation to update or revise forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
# # #