What’s the tipping point for “Overnight Success”?
The “Longevity Revolution” involves the ongoing safe collection of data for monitoring health along with governments around the world committing to protecting some of the most vulnerable members of their societies.
In reviewing recent press releases filings and what the company is saying, a trend is beginning to emerge.
On April 14, 2022, it was announced that “SmartSole® (are) Live in Japan!” This is significant because although the SmartSole® have been commercially available for years in other parts of the world they were previously unable to connect to Japan’s cellular network. GTX’s rollout of their 4G SmartSole® now opens Japan as a new market for sales. Japan is a rich country with a large population and a much older population than many other countries, which increases the market opportunity value for GTX.
On April 12, 2022, GTX filed its 2021 10K Annual Report. In this filing, the company reported a buildup in inventory. This is significant because it suggests an anticipated increase in demand. “In 2022, our core focus will be ramping up production of our next generation of SmartSoles®,” The devices, which are shoe inserts with GPS chips, utilize new technologies like CatM1, NB-IoT, enhanced Wi-Fi, and Bluetooth to provide tracking and monitoring data for caregivers. The product is also the world’s first “invisible” wearable tracking and monitoring technology. The newest generation of the device uses algorithms to monitor multiple human functionalities, sending that data to a secure server to be monitored.
On April 21, 2022, GTX announced that after working on an agreement for 2 years, with Swedish distributor, Posifon AB, they signed an agreement with the National Healthcare of Sweden to distribute SmartSole® through their 300+ healthcare organizations. This is significant not only because Sweden has over 10 million people covered by the Health and Medical Service Act but also Sweden and Europe tend to be leading indicators of what’s to come in the United States. In the United States SmartSole® has already been approved by 11 states for Medicaid reimbursement. The next logical step is to get it approved for Medicare which provides medical payment/reimbursement for approximately 64 million Americans aged 65 and older or younger persons with disabilities.
SmartSole® isn’t just smart. It’s safe. Data is sent and stored on GTX’s cloud-based servers, and the company uses secure 4G cellular networks to guard against breaches and data corruption. They also don’t sell data, which is a common complaint with larger, open platforms like Google and Facebook. That’s part of their appeal to caregivers and medical professionals.
In October 2021, GTX Corp filed an offering statement (Reg A) with the SEC to sell 86,677,500 shares of their common stock at $0.03 per share, with a minimum investment of $10,000. The money is being earmarked for prepaid inventory, product development, and IP monetization. As of April 25, 2022, the company had already sold 5,000,000 shares at $0.03 as part of this offering. At a premium to the market this is a good indicator of management’s higher valuation belief and confidence in their strategic roadmap.
Overall, GTX Corp presents an enticing opportunity to capitalize on the strong growth in wearables and NFC-enabled blockchain technologies. The company has maintained financial clarity by reducing its debt load and preparing to capitalize on its growth plans for SmartSole® through prepaid inventory. Now GTX is ready to focus on sales and marketing to fuel its next stage of growth.
For more information on GTX Corp. and its products, please visit the links below:
GTXCorp.com
Track My Workforce
GPS SmartSole.com
Social Media Hashtags - #withyou #smartsole #connectedandprotected #trackwhatyoulove #iot #smartproducts #nfc #ble #safety #healthcare #veritap #exceptionmonitoring #assettracking #coronavirus #face mask #covid19
GTX Blog https://gtxcorp.com/press/
https://www.facebook.com/gtxcorpcom
https://www.linkedin.com/in/gtxcorp
https://www.pinterest.com/GTXCorp/
https://instagram.com/gtxcorp
GTX Corp (@GTXCorp) / Twitter
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