NEW YORK, NY / ACCESSWIRE / April 6, 2016 / SeeThruEquity, a leading independent equity research and corporate access firm focused on smallcap and microcap public companies, today announced that it has issued an update note on GTX Corp. (OTC: GTXO).
The report is available here: GTXO April 2016 Update. SeeThruEquity is an approved equity research contributor on Thomson First Call, Capital IQ, FactSet, and Zack's. The report will be available on these platforms. The firm also contributes its estimates to Thomson Estimates, the leading estimates platform on Wall Street.
"As we mentioned in our initiation on the company, GTXO's product portfolio is underpinned by a strong intellectual property position that includes patents, trademarks, know-how, and web site URLs. The company holds 16 US-issued patents, three US patent applications pending, and also has five combined issued and pending international patents and access to 62 domestic and international patents through a multi-patent licensing agreements.," stated Ajay Tandon, CEO of SeeThruEquity. "We are maintaining our 12-month price target of $0.09 per share."
Additional highlights from the report are as follows:
Patents could open up new revenue stream
As we mentioned in our initiation on the company, GTXO's value is underpinned by a strong intellectual property portfolio, which includes 16 US-issued patents, three US patent applications pending. GTXO also has five combined issued and pending international patents and access to 62 domestic and international patents through multi-patent licensing agreements. On March 2, GTXO announced the latest addition to this portfolio, with a new US patent related to its location based monitoring platform and communication protocols. Importantly, the patent, No. 9,219,978, adds value to the company's overall IP portfolio and also preserves GTXO's right to file more patent applications under the "286" banner with a February 2008 priority date. This date could be of significance should the company seek to monetize its patents, potentially via license agreements that could emerge as a new revenue stream.
GPS SmartSoles® continue to receive industry acclaim
Meanwhile GTXO's flagship product, GPS SmartSoles®, continues to win industry awards and recognition. In January, GPS SmartSoles® received a Bronze Award for the Wearable Technology category at the 2015 New Product & Technology Awards. The award ceremony was presented by Mature Market Resource Center, a national clearinghouse for the senior market, and it is the first awards program of its kind to recognize the most innovative products & services for older adults and their families. This award is the latest of several received by the company for 2015, including being named a Top Ten new technology in 2015 by the AARP and being named a 2nd Place Winner at CTIA E-Tech Awards in the Wearables, Health, Fitness & Wellness category.
Expanding distribution and strategic partnerships may drive market penetration and have significant impact on GTXO's market value
We were pleased to see an announcement demonstrating that GTXO continues to drive new expansion, with management revealing that GPS SmartSoles® were now available in South America, through a new distribution agreement with Imexpalcom CIA Ltd., a Quito, Ecuador-based distributor specializing in the telecom industry. GPS SmartSoles® will initially be available in Ecuador and Colombia, with plans to expand to Bolivia and Peru later during 2016. In late 2015 GTXO signed an agreement with Telefonica launching its SmartSoles product in Germany. In our view, an expanding distribution network and securing additional partnerships are key factors in driving long-term growth, creating shareholder value, and effecting GTXO's overall valuation.
Please review important disclosures on our website at www.seethruequity.com.
About GTX Corp.
GTX Corp. (GTXO) is a holding company that owns and operates two subsidiaries engaged in the IoT and wearable technology business. GTX was founded in 2002, became publicly traded in 2008, and is headquartered in Los Angeles, California, with a European distribution and fulfilment center in Ireland / U.K. and international reseller/distributors in Canada, Mexico, Australia, Nepal, Italy, Switzerland, Austria, Sweden, Norway, The Netherlands and Finland that service customers in over 20 countries. And a proud member of the United Nations Global Compact.
Known for its game-changing and award-winning patented GPS Smart Shoe, block buster Smartphone GPS Tracking App, and GPS SmartSole®, GTX provides a global monitoring platform and solutions that answer the "where is" question: where is my mother, child, employee, pet, vehicle and high value asset.
Through a robust enterprise licensing, subscription business model the Company offers a complete end to end solution of location based hardware, middleware, apps, connectivity and professional 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 smartphones 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, copyrights and URLs.
About SeeThruEquity
SeeThruEquity is an equity research and corporate access firm focused on companies with less than $1 billion in market capitalization. The research is not paid for and is unbiased. The company does not conduct any investment banking or commission based business. SeeThruEquity is approved to contribute its research to Thomson One Analytics (First Call), Capital IQ, FactSet, Zacks, and distribute its research to its database of opt-in investors. The company also contributes its estimates to Thomson Estimates, the leading estimates platform on Wall Street.
For more information visit www.seethruequity.com.
Contact:
Ajay Tandon
SeeThruEquity
[email protected]
SOURCE: SeeThruEquity