GTX Corp (GTXO) CEO Featured in Exclusive QualityStocks Interview
QualityStocks announces the availability of a new audio interview with Patrick Bertagna, CEO of GTX Corp (GTXO), an IoT platform and leading provider of personal location GPS wearable technology and wandering assistive technology.
Listen to the Interview Here
GTX Corp (GTXO) CEO Speaks on The Security Guy Radio Show
Over the course of an hour Patrick Bertagna and Security Guy Chuck Harold cover the GPS SmartSole® technology from a day to day home caregiving perspective, law enforcement angle and the global and long term impact of this product.
Watch the Interview Here
GTX Corp (GTXO) CEO Speaks at the United Nations General Assembly
CEO Patrick Bertagna participated in the Brewer Sports Symposium VIII featuring the Sport 4 Development Summit, hosted by The Jack Brewer Foundation and the Permanent Mission of Grenada to the United Nations, in recognition of the International Day for Sport for Development and Peace, at the United Nations General Assembly. To watch Mr. Bertagna’s speech begin at 1:59:00
Watch the Presentation Here
GTX Corp CEO Patrick Bertagna speaks about what the future holds in wearable technology.
The global wearable devices market continues to gain momentum and is projected to reach US$4.5 billion by 2020
Innovative IoT devices such as the patented GPS SmartSoles, that are user-friendly, unobtrusive and designed to transmit data offer more efficient care, while reducing costs and stress. Wearable medical devices are “connected” devices, with features such as wireless data transmission, real-time feedback, alerting mechanism, and more. The miniaturization of wireless communication and sensor technology, combined with more power efficiency and greater computation capabilities, all of which GTX Corp has been at the forefront both in development and patent filings, has enabled the shift of clinical monitoring beyond facilities to personal at home caregiving. Wearable medical devices will also become helpful to pharmaceutical companies for conducting efficient clinical trials to gather data remotely, and for insurers to provide outcome-based reimbursement.
In the coming years, this technology is expected to play a critical role in improving healthcare services and GTX Corp along with Gentag Inc., Google Inc., Intel Corporation and Philips Healthcare will be paving the way.
The rise of wearable technology took this years International CES show by storm. CES could have been called the “Wearable Tech” show. The “wearable tech” market is evolving quickly and by all accounts is the next big thing.
While many companies are now using it as the unavoidable catchphrase, GTX Corp has been pioneering wearable tech for over a decade along with building an extensive intellectual property portfolio in this category and is planning to unveil its new line of Wearables starting this quarter. Call it our wearable tech version 2.0 which will include a mix of GPS, Cellular, Bluetooth and NFC technologies embedded in consumer friendly products.
The State of the Union for GPS Wearable Technology is Strong
The novel and award winning idea of GPS Shoes to monitor the elderly with dementia is rapidly expanding into a whole lot more with the most promising outlook for 2 way GPS Tracking. We are launching new products in new vertical markets, adding customers and partners, expanding our brand recognition and increasing our market share.
The Company’s social media index and visibility hit a tipping point – Google GPS Wearable Technology and GTX Corp and the GPS SmartSoles come up on page 1 and with millions of website views across multiple web properties, blogs, social media sites and constant traditional media exposure through national and international press, all contributing to greater industry awareness, brand recognition and new opportunities.
As the Company continues to expand its distribution channels and product line, there is still a lot of work ahead of us in the emerging IoT and Wearable Tech industry. Very much like the early dot com days the vision was right, some opportunities ended up being very lucrative but the timing took longer than expected. New industries take time to mature and rely on the development of an ecosystem. This past year as the awareness grew and the ecosystem took better shape, consumers and businesses began to better understand 2 way GPS and how to best utilize this technology. Looking ahead and by focusing on Customization, Localization and Optimization, GTX will continue to introduce new products to the market, with an emphasis on e-Health and apps for various mobile platforms and devices, while cementing new partners and channels of distribution both domestically and internationally.
Costs of Alzheimer’s will touch 1% of Global GDP
Alzheimer’s disease and other dementias are rising in alarming proportions consuming vast amounts of resources the world over, according to The World Alzheimer Report for 2010
The total estimated worldwide costs of dementia are $604B in 2010, with about 70% of the costs occurring in Western Europe and North America.
If dementia care were a country, it would be the world’s 18th largest economy, ranking between Turkey and Indonesia. If this market were a company, it would be the world’s largest by annual revenue exceeding Walmart ($414B) and Exxon Mobil ($311B).
Dementia mainly affects older people, although there is a growing awareness of cases that start before the senior age of 65. After age 65, the likelihood of developing dementia roughly doubles every five years. There is an urgent need to develop cost-effective packages of medical and social care that meet the needs of people with dementia and their caregivers across the course of the illness. Only by now in research and cost-effective approaches to care can future societal costs be anticipated and managed.
Nana technology is one such breaking concept. The term Nana technology, recently mentioned in Forbes, was coined, defined, and categorized in 2004 by Andrew Carle, an internationally recognized expert on aging, senior housing, and assistive technologies. A word play on the scientific field of nanotechnology, Nana technology is loosely directed to imply technologies for someone’s grandmother, or Nana. Carle was the first person to advance the use of this phrase with a formal definition, and one focused exclusively on microchip technologies, with the end result of naming a new and distinct subset of the technology services industry. Some systems use different types of sensors to help monitor the elderly. Other devices include sensors to call for help if someone falls. There are also simplified cell phones and high-tech medicine dispensers available, and devices such as GPS enabled Smart Shoes can also help locate Alzheimer’s patients if they wander off. “The GPS Smart Shoe is currently the only sound end-to-end solution for this increasingly growing problem” states professor Andrew Carle- George Mason University.
The rising need for GTX Corp’s technology continues to be influenced by the increasing numbers of elderly and those that are memory impaired, and so the epic battle of technology and illness wages on.