customizable, 2-way GPS Personal Location Services (PLS) solutions was recently awarded three new U.S. Patents significantly increasing the Company’s IP portfolio value.
Since the issuance of U.S. Patent RE 40,879, three additional patents have issued. All of these patent applications were filed to broadly cover fundamental aspects of providing a GPS location device in footwear.
· U.S. Patent RE 40,879 issued
· U.S. Patent RE 41,087 issued
· U.S. Patent 41,102 issued
· U.S. Patent RE 41,122 issued
“Combined, these broad patents have 105 claims, including 21 independent claims, which will pose a significant challenge for any competitor to operate in the GPS enabled footwear space without obtaining a license from GTX Corp,” said; Larry E. Henneman, Jr. Registered U.S. Patent Attorney.
The expansion of the Company’s IP portfolio and specifically in the GPS shoe category is perfect timing as the Company is currently working with Aetrex Worldwide, Inc., a global leader in adult pedorthic footwear, preparing to bring to market the patented GPS enabled shoe dubbed the “Ambulator.” The GPS Shoe will afford millions of caregivers the means to monitor those afflicted with Alzheimer’s that become lost due to wandering. The GPS Shoe patents cover a GPS transceiver module that is placed within the footwear and transmission of location coordinates to a central monitoring station which disseminates the secure data through the use of proprietary software, cellular connectivity and the GTX Corp viewing portal.
About GTX Corp
GTX Corp (GTXO.OB) a leader in embedded 2 way GPS real-time personal location services (PLS) was founded in 2002 and is based in
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