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GTX Signs Collaboration Agreement with Flint Rehab
GTX Signs Collaboration Agreement with Flint Rehab.
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[{"type":"text","content":"\nLOS ANGELES, CALIFORNIA, Feb. 06, 2019 (GLOBE NEWSWIRE) -- GTX Corp (OTCQB: GTXO) (“GTX” or the “Company”), a pioneer in the field of wearable GPS, human and asset tracking systems and wandering assistive technology, today announced that it has signed a collaboration agreement (the “Agreement”) with Flint Rehab, LLC, a leading neuro-rehabilitation device company that specializes in next-generation digital health technologies.\n By the Agreement, GTX and Flint Rehab will develop a next generation SmartSoleÒ noninvasive GPS wearable tracker for those who wander, which will include location-based GPS technology, biometric activity sensors and machine learning. “We are very excited that GTX has been selected to collaborate with Flint Rehab in the new development of the next version SmartSoleÒ GPS footwear that will include activity tracking to promote senior wellness,” commented GTX’s CEO, Patrick Bertagna. “By having sensors for tracking and biometrics, and utilizing both the left and right soles, we will be providing a unique and proprietary offering to the marketplace.” GTX recently filed a patent for embedding sensors into both right and left insoles with the ability to communicate via Bluetooth. This patent filing is significant to this project as it will be the intellectual property backbone of this new product. The National Institute on Aging at the National Institutes of Health (“NIH”) has made funding available for companies to develop technologies like the next generation SmartSoleÒ as part of their plan to address Alzheimer’s disease in America. Flint Rehab has successfully obtained NIH funding through Small Business Innovation Research (“SBIR”) awards to develop commercially successful medical devices, including their MusicGlove and FitMi rehabilitation tools for individuals with stroke, spinal cord injury, or traumatic brain injury. Together, GTX and Flint Rehab may be eligible to secure additional SBIR funds. “From the beginning, our mission has been to empower individuals to live healthier lives through innovative technologies,” said Dan Zondervan, Vice President of Flint Rehab. “Through this partnership with GTX, we look forward to developing a wearable device and machine learning platfor...