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GTX Corp Signs Agreement and Forms Alliance with Autism Society of America
LOS ANGELES, Aug. 01, 2018 (GLOBE NEWSWIRE) -- GTX Corp (OTCBB: GTXO) (“the Company”), a pioneer in the field of wearable GPS human and asset tracking systems and wandering assistive technology, today announced the signing of a collaboration and support agreement with Autism Society of America, which has been improving the lives of all affected by autism for over 50 years and provides advocacy, education, information, support, and referral at national, state and local levels through its strong nationwide network of Affiliates.
“We are excited to partner with GTX Corp and begin providing the thousands of families we work with, easy to use technical solutions for those who wander. GTX Corp is a leader in helping parents and individuals maximize their safety in their homes and community. This partnership will help address the growing serious safety concerns of many families and individuals we serve,” stated Scott Badesch, Autism Society of America’s President and CEO.
Wandering is an enormous issue for the autism community. Recent research concludes that 50% of children diagnosed with autism have a tendency to wander or bolt from safe settings, and more than a third of those have limited or no communication skills, hampering their ability to tell someone their name, address or phone number. About 1 in 59 children in the U.S. have been identified as having autism, according to the U.S. Centers for Disease Control and Prevention (CDC).
Through its national network of more than 80 local Affiliates, the Autism Society provides education, support, advocacy, information and referral, and community awareness and sensitivity training to over 645,000 people with autism and their families, and the public, each year. The Autism Society’s website is one of the most visited websites on autism in the world and their online resource database, Autism Source™, and National Contact Center (800-3-AUTISM) provide information and service referrals to thousands of people each year.
About GTX Corp A For Profit For Purpose Company
GTX Corp (GTXO) is a pioneer in smart, mobile and wearable GPS tracking and recovery location-based products, supported through a proprietary IoT enterprise monitoring platform. GTX offers a global end-to-end solution of hardware, software and connectivity. GTX Corp develops two-way GPS tracking technologies, which seamlessly integrate with consumer products and enterprise applications. GTX Corp utilizes the latest in miniaturized, low-power-consumption GPS, cellular, RF and BLE technology, enabling subscribers to track in real time the whereabouts of people or high-value assets through a complete –end-to-end, customizable transceiver module, wireless connectivity gateway, smart phone apps, middleware and IoT portal. Headquartered in Los Angeles, California, GTX is known for its game-changing and award-winning patented GPS SmartSole®–think Dr. Scholl’s meets LoJack– the world’s first invisible, wearable technology tracking device created for those at risk of wandering due to Alzheimer’s, dementia, autism and traumatic brain injury. GTX Corp’s business model is built around technology innovation, and the Company holds over 85 patents, with many issued patents in the area of GPS tracking. The company has international distributors servicing customers in over 35 countries and is a U.S. military government contractor. Other customers include public health authorities and municipalities, emergency and law enforcement, NGOs, private companies, public and private senior care homes, and consumers.
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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 on the SEC Website). 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.