QualityStocks today announced the availability of a new audio interview with Patrick Bertagna, CEO of GTX Corp (OTCQB: GTXO), an IoT platform and leading provider of personal location GPS wearable technology and wandering assistive technology. The interview can be heard at http://www.QualityStocks.net/interview-gtxo.php.
Interview host Stuart Smith starts off the interview by asking Bertagna for a description of the company’s business model, target markets and technology.
“We’re basically an IoT company (Internet of things) and we use GPS, cellular and blue tooth — low energy Bluetooth — as our transportation and communication protocols to basically enable people to find other people or high-value assets… tracking people with cognitive disorders is the ‘sweet spot’… currently there’s approximately 2% of people on earth that have some form of memory disorder — think Alzheimer’s, dementia, autism, traumatic brain injury — and most of these people have one thing in common: they wander. They can just wander off and disappear and if not found within 24-48 hours it could be very dangerous or even perilous,” Bertagna says.
He further explains that GTX’s solution to this danger is its award-winning, patented GPS Smart Sole, which is a non-intrusive, invisible tracking device inserted into the sole of a shoe so caregivers and/or family members can track the individual via a smartphone.
“That has become our flagship product; that’s what everybody knows us for. It’s not our only product — we’re not a one-trick pony — we certainly have other products and solutions, but that’s the one that’s garnering the most attention… We’ve got a really great product for a very big global market and it’s protected with IP… We sell the product but where we make our money is on the recurring revenues,” says Bertagna, also describing the company’s target market and extensive IP portfolio.
The interview also highlights GTX’s goals for the upcoming year, which include product launches, expanding its distribution channels, implementing corporate initiatives and the development of new technologies.
“We’ve put significant resources into product development, really gearing ourselves up for 2016… we’re currently selling in 20 countries… and we want to continue developing those relationships outside of the United States,” says the CEO, before providing greater insight into the company’s strategy for increasing its distribution reach.
Concluding the interview, Bertagna explains the company’s rapidly expanding presence in the European market and its strategic partnership with Telefonica, the world’s fifth largest wireless provider, which enables GTX to provide seamless connectivity to its overseas customers.
“That is a very significant relationship with us and it has enabled us to unleash our product throughout the whole European market,” he says.
For more information about GTX Corporation, visit www.gtxcorp.com
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