GTX Corp. (GTXO) Recognized at the 2015 New Product & Technology Awards for Patented GPS SmartSole™

Late last week, GTX Corp. (OTC: GTXO) announced that its patented wearable GPS tracking device, GPS SmartSole™, claimed a bronze award in the Wearable Technology category at the 2015 New Product & Technology Awards. The Mature Market Resource Center, a national clearinghouse for the senior market, presents this awards program in order to recognize innovative products and services that address the unique needs of older adults and their families. Entries were judged by a distinguished panel of mature market experts for overall excellence of design, content, creativity and relevance to the senior market.

“We were delighted to take part in the fifth annual New Product & Technology Awards program this year, and were honored to be selected as a winner,” Andrew Duncan, director of business development at GTX Corp., stated in a news release.

By claiming a bronze award at the New Product & Technology Awards, GTX Corp. continues to build upon an impressive résumé of awards and mentions by prestigious organizations. Last year, the company’s innovative GPS SmartSole was named alongside wearable tech offerings from companies such as Microsoft (NASDAQ: MSFT) and Samsung (OTC: SSNLF) at the CTIA Hot for the Holidays Awards. The product was also listed on AARP’s 2015 Technology Gear Guide and showcased in Munich at the Telefonica Digital Innovation Day 2015.

Using the GPS SmartSole, caregivers and loved ones can easily monitor the whereabouts of individuals suffering from cognitive conditions that cause them to wander. According to the World Alzheimer’s report, more than 100 million people around the planet require oversight due to various forms of memory impairment, a figure that’s expected to top 277 million by 2050. Among those individuals, roughly 60 percent will become lost at least once, with 70 percent of those individuals becoming lost three or more times. In these cases, expeditious recovery is key to the individual’s wellbeing.

The GPS SmartSole features a miniaturized GPS tracking device that sends a signal to a central monitoring website and tracks the wearer’s exact location using a combination of satellite and cellular technologies. The result is dependable oversight without the stigma commonly associated with ‘lock-on’ bracelets or trackers, preserving the privacy and dignity of the wearer while offering caregivers much-needed peace of mind.

For more information, visit www.gtxcorp.com

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