) operations and dissolved CANS in order to focus primarily on its core business of GPS monitoring products and application. Other Location Products In addition to marketing the company’s own proprietary products, such as the GPS and BLE SmartSole, the company markets and sells the line of Prime tracking devices that are manufactured by third party suppliers. The Prime is a compact, fully certified quad-band integrated device that provides complete GSM/GPRS functionality for mobile tracking applications, which is waterproof, shock proof and comes with an SOS button. The company primarily sells this product to a customer in the drone industry. These products are sold under its GTX brand, and they can be branded with other companies’ names. All these devices operate through, and use its middleware platform and viewing portal. The company sells these devices on Amazon to individuals and wholesale as a complete solution including platform and wireless connectivity, providing it with product sales revenues and subsequent recurring monthly service revenues. In addition to hardware device sales, as part of the company's international expansion plans, the company is licensing its enterprise portal and middleware platform, which contributes to an increase in its monthly subscription revenues. The company has three international platform license partners operating its backend in their respective country- Nepal, Mexico and Australia. Intellectual Property The company holds 15 U.S. issued patents, 4 U.S. patent applications, 3 foreign patents and 1 foreign patent application, the majority of which cover all aspect of the personal locator, its operating system and user interface. The company has a multi-patent licensing agreement with a third-party for the rights to an additional 62 domestic and international patents. Competition The company competes with Location Based Technologies, Inc.; Google Latitude; Foursquare; Trimble Navigation, Inc.; Brick House Security; and SOS GPS, Inc. Government Regulation The company is subject to federal, state, and local laws and regulations applied to businesses, as well as the Federal Communications Commission, IC, and CE wireless device regulations and controls. History GTX Corp was founded in 2002.
gtx corp (GTXO:OTC US)
117 West 9th Street
Los Angeles, CA 90015
|Location Based Technologies Inc||$0.0040 USD||-0.0003|
|LoJack Corp||$3.21 USD||-0.12|
|Mattel Inc||$22.93 USD||+0.36|
|Trimble Navigation Ltd||$18.55 USD||+0.54|
|Webtech Wireless Inc||C$2.35 CAD||0.00|
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|Price/Cash Flow||NM||Not Meaningful|
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