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LOS ANGELES, June 3, 2015 (GLOBE NEWSWIRE) -- GTX Corp (OTCQB:GTXO), an IoT platform and leading provider of personal location GPS wearable technology and wandering assistive technology, announced today the signing of an agreement with Alroni Ltd. based in Ireland, sister company of TippToes, an established supplier of medical garments and footwear in Ireland and the U.K. for over 17 years.
Under this agreement, GTX Corp will warehouse and stock inventory in the Alroni facility and Alroni will handle all aspects of order processing and fulfilment including customs clearance, CE and other European certifications, European tax compliance, European VAT invoicing. Alroni will also provide local sales and marketing support for orders taken in the territory through the new GTX Europe e commerce platform expected to launch by the end of June.
"This is an important new product for the dementia market both in Ireland and the U.K.," says Nicola Wade, team Podiatrist with Alroni. "Many families feel pressured with the challenges of maintaining their busy lives and caring for elderly family members. By offering the ability to place an order in their currency, in their time zone and provide a quick delivery time without any importing inconveniences will be a significant benefit to the customers in the region."
Nelson Skip Riddle, manager of strategic business development for GTX in the U.K., commented, "With the pilot initiatives and larger scale programs we are actively engaged with, we have begun to see an increase in local U.K. demand for the GPS SmartSoles. Now, by having the ability to stock inventory in Ireland and fulfil orders in days instead of weeks, we can greatly facilitate our product penetration in the region."
Andrew Duncan, Director of International Sales at GTX Corp, remarked, "This was a natural next step for us to stock inventory in Europe and establish a beach head in an English speaking European country."
GTX Corp's patented GPS SmartSoles, which were featured in AARP's 2015 technology gear guide are placed in the wearer's shoes and contain a GPS tracking chip connected through a global GSM cellular network that sends a signal to a central monitoring website or app showing the exact location of the individual wearing the SmartSoles. They come in several trim to fit sizes for both men and women, are made with the highest quality electronic components and assembled in Rhode Island, U.S.A. The value behind the SmartSole Platform is its ability to be a 'wearable' yet 'invisible' stigma free monitoring solution that alerts a caregiver when the wearer wanders off, sending a text or email to the caregiver's with a direct link to a map plotting the wanderer's location.
GPS SmartSole Consumer Orders in the U.S.
U.K. - Nelson Skip Riddle, GTX Corp Europe
50 Broadway, Fifth Floor, London SW1H 0RG, United Kingdom
Ireland - Nicola Wade, Alroni Ltd.
Phone: Intl: + 353 (0) 504-42513
Fax: Intl: + 353 (0) 504-60098
GTX Corp (GTXO) is a pioneer in wearable technology and a leader in enterprise 2 way GPS real-time personal location based services. Headquartered in Los Angeles, California, with distributors in over 13 countries. 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 monitoring platform and licensing subscription business model, the Company offers a complete end to end solution of location based hardware, middleware, apps and connectivity 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 recently featured in a 38 page research piece which outlines the value proposition of the Company's IP portfolio.
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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 cause GTX'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.NEXT ARTICLE
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