The global market for Wearable Medical Devices is projected to reach US$4.5 billion by 2020
LOS ANGELES, CALIFORNIA – (UPTICK Newswire – Nov. 23, 2015) – GTX Corp (OTCBB: GTXO), a pioneer in GPS wearable technology and global provider of personal location wandering assistive technology would like to share developments in the wearable medical device market, which is poised for big growth, driven by the growing need for effective management of chronic diseases, rising healthcare awareness, and launch of innovative health management devices.
Projected to reach $4.5 billion by 2020, companies like Philips Healthcare, Google, LifeWatch, Seiko and GTX Corp are paving the way. GTX Corp’s (OTC: GTXO) GPS SmartSole® is a non-visible wearable GPS tracking device designed to monitor the location of people who have a tendency to wander, such as those afflicted with cognitive memory disorders like Alzheimer’s, dementia, autism and TBI, as well as for people at risk of kidnapping, such as government employees and high level executives. The company’s flagship, patented GPS SmartSoles were recently showcased in Munich at the Telefonica Digital Innovation Day 2015, featured in AARP’s 2015 technology gear guide and came in second place, with Microsoft finishing first and Samsung taking third, in the 2015 Wearables, Health, Fitness & Wellness category at CTIA’s Hot for the Holidays…
GTX Corp (GTXO) is a pioneer in Smart, Mobile and Wearable GPS, cellular and BLE tracking and recovery technology.Headquartered in Los Angeles, California, with distributors in over 14 countries, GTX is known for its game-changing and award-winning patented GPS Smart Shoe, blockbuster Smartphone GPS Tracking App, and innovative GPS and BLE SmartSole. GTX provides solutions that answer the “where“ question: where is my mother, child, employee, vehicle, drone and high value assets. Through a robust global enterprise IoT monitoring platform and licensing subscription business model, the Company offers a complete end to end solution of hardware, middleware, apps, connectivity and professional services. Letting you know where or how someone or something is at the touch of a button, delivering security and peace of mind in an instant. GTX Corp also owns and operates LOCiMOBILE, Inc which develops applications for smart phones and tablets and Code Amber Alertag. The Company has a comprehensive intellectual property strategy and owns an extensive portfolio of patents, patents pending, registered trademarks, copy rights and URL’s and was featured in a 38 page research piece which outlines the value proposition of the Company’s IP portfolio and more recently in the SeeThruEquity research report.
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Forward Looking Statements
This news release contains forward-looking statements. The terms and phrases “expects,” “would,” “will,” “believes,” and similar terms and phrases 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 its perception of current conditions and expected future developments, as well as other factors that GTX believes are appropriate in the circumstances. Many factors could causeGTX’s actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements. Certain risk factors that may cause actual results to differ are set forth in GTX’s Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (which may be obtained at http://www.sec.gov). These factors should be considered carefully, and readers should not place undue reliance on GTX’s forward-looking statements. GTX has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
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