Business
GTX Issued Two New Patents
GTX Issued Two New Patents.
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[{"type":"text","content":"\nLOS ANGELES, CALIFORNIA, Feb. 28, 2019 (GLOBE NEWSWIRE) -- GTX Corp (OTCQB: GTXO) (GTX), a pioneer in the field of wearable GPS people and asset tracking Location-Based Services (LBS) and Real-Time Location Systems (RTLS), today announced it has been issued two new patents by the United States Patent and Trademark Office (USPTO).\n GTX’s vast Intellectual Property (IP) portfolio underpins its business lines. Since the start of the year, the IP legal team has been busy adding these two new patents to the portfolio, filing additional claims through the ongoing continuation process and negotiating licensing agreements. The GTX patent portfolio addresses three core areas: Footwear, Communication and Backend Server. Of the two newly issued patents, one is in the Communication family and the other is in the Footwear family. “These latest patents are important additions to GTX’s overall portfolio,” commented Larry Henneman, Esquire, GTX’s lead patent attorney. “The ongoing investment in IP demonstrates GTX’s commitment to develop technology in the growing wearable GPS, LBS and RTLS space, as it has been for over a decade, to further protect the integrity of its business across its verticals.” “These patents not only apply to our flagship GPS SmartSole product line, but also will support our Smart School Safety Network (SSSN) and advance our technologies that report location data to a backend platform, hence strengthening our position within the wearable LBS industry,” said Andrew Duncan, GTX Director. “As a pioneer in wearable LBS, we are watching how Nike, Apple, Samsung, Garmin, Google, Microsoft, Verizon and others strive to improve technology in this space,” added Patrick Bertagna, GTX’s CEO. “With our IP portfolio a cornerstone of our mandate, we will continue to enhance our competitive position and increase the value through innovative advancement.” GTX Corp is a For-Profit with Purpose Company, which owns and licenses close to 90 patents, is a U.S. military contractor, and takes particularly pride in the fact that many of its products are manufactured in the U.S. GTX has multiple wearable LBS products in the market place, all available on its online store, Amazon and authorized resellers and distributors across the globe. About GTX C...