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Thursday, October 21, 2021

Selling PPE to Government Agencies; the Rise of GTX Corp (GTXO)

GTX Corp (GTXO) is making a big move up the charts in recent days on a massive surge of volume hitting highs of $0.15. The stock has quickly attracted legions of new shareholders and is emerging as a volume leader averaging over $3 million in dollar volume per day. Microcapdaily first reported on GTXO in February of last year when the stock was a little over $0.01.

GTX recently launched COVID Antibody test kits and has noticed a significant increase in demand. Available at wholesale volume pricing and direct to consumers on GTX’s website which is currently selling 2 Rapid Test kits for $34.99 with free shipping. The Rapid Test Kit detects antibodies to SARS-CoV-2 with 97% accuracy in less than 15 minutes, and provides an affordable and convenient home/office testing solution for individuals who want to know if they have been previously infected with the virus or before and after receiving a vaccine to monitor their levels of antibodies. The Company said it has fulfilled multiple orders for PPE from government agencies including the United States Marine Corps, the U.S. Navy, the U.S. Department of Agriculture, and the U.S. Department of Veterans Affairs. These orders were quickly processed and shipped in coordination with our strategic partner, Kiernan Group Holdings (KGH), a risk management firm headquartered in Alexandria, VA.

GTX Corp (GTXO) is a pioneer in smart, mobile and wearable GPS tracking and recovery location based products, supported through a proprietary IoT enterprise monitoring platform. GTX offers a global end-to-end solution of hardware, software and connectivity. GTX Corp develops 2 way GPS tracking technologies which seamlessly integrate with consumer products and enterprise applications. GTX Corp utilizes the latest in miniaturized, low power consumption GPS, Cellular, RF, BLE and NFC technology enabling subscribers to track in real time the whereabouts of people or high value assets through a complete end to end – customizable transceiver module, wireless connectivity gateway, smart phone Apps, middleware, and IoT portal. Headquartered in Los Angeles, California, GTX is known for its award-winning patented GPS SmartSole® – Think Dr. Scholl’s meets LoJack, the world’s first invisible wearable technology tracking device created for those at risk of wandering due to Alzheimer’s, dementia, autism and traumatic brain injury. GTX Corp’s business model is built around technology innovation and holds over 85 patents with many issued patents in the area of GPS tracking. The company has international distributors servicing customers in over 35 countries and is a U.S. Military Government contractor. Other customers include public health agencies and municipalities, emergency and police authorities, private companies, public and private senior care homes, and consumers.

GTXO has international distributors servicing customers in over 35 countries and is a U.S. Military Government contractor. Other customers include public health authorities and municipalities, emergency and law enforcement, private schools, assisted living facilities, NGOs, small business enterprises, senior care homes, and consumers. The Company is most widely known for its patented GPS SmartSole and Smartphone GPS Tracking App. GTXO also owns and licenses a large portfolio of patents in the GPS and wearable technology space, has several consumer products available on its online store and Amazon and most recently soft launched its new NFC Veritap solution.

In November GTXO reported financial results for the Third Quarter ended September 30, 2020. Management stated:  “For the third quarter 2020, we saw a 7% increase in revenues and showed a net profit of slightly over $33k. By expanding our Health & Safety business we maintained our cash flow, broadened the visibility of our brand in the market, garnered a lot of new customers, and supported the national effort to keep people safe by providing high quality, FDA approved and many “Made in the U.S.A.” medical protective supplies.

We are seeing a lot of demand for our flagship GPS SmartSole product and began testing our new 4G prototypes during this quarter. We found some issues with our first design, which were quickly resolved and now we have a second version of prototypes in production, which we expect to start testing in the coming weeks. We are also seeing some increase in activity in our IP licensing as the economy reopens. During the third quarter, we finalized hardware development of our next generation miniaturized GPS tracking device, which will utilize a host of new technologies, including CatM1, NB-IoT, Assisted GPS for better accuracy, faster location requests and less power consumption. The Company was also issued a patent by the United States Patent and Trademark Office (USPTO), U.S Patent No. 10,743,615 entitled “System and Method for Embedding A Tracking Device in a Footwear Insole.” This is GTX’s third patent related to embedding Real-Time Location Systems (RTLS) GPS wearable tracking technology into footwear.

GTX Corp’s updated, full-line of PPE can be found on its dedicated website www.gtxmask.com (use promocode ‘open4biz’ and get a discount on your first order) We also just received our first shipment of Antibody tests and plan to announce distribution details shortly.

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GTXO

GTX recently launched COVID Antibody test kits and has noticed a significant increase in demand. Available at wholesale volume pricing and direct to consumers on GTX’s website which is currently selling 2 Rapid Test kits for $34.99 with free shipping. The Rapid Test Kit detects antibodies to SARS-CoV-2 with 97% accuracy in less than 15 minutes, and provides an affordable and convenient home/office testing solution for individuals who want to know if they have been previously infected with the virus or before and after receiving a vaccine to monitor their levels of antibodies.

GTXO reported it has fulfilled multiple orders for PPE from government agencies including the United States Marine Corps, the U.S. Navy, the U.S. Department of Agriculture, and the U.S. Department of Veterans Affairs. These orders were quickly processed and shipped in coordination with our strategic partner, Kiernan Group Holdings (KGH), a risk management firm headquartered in Alexandria, VA.

The Company has signed a collaboration agreement with Pawtocol, a Miami based global online community for the pet industry. Under the agreement GTX will explore integrating IoT sensors and embedded tech to collect and share pet data, leveraging Pawtocol’s blockchain technology. GTX’s Rover Tracker, which is a GPS and NFC IoT device designed for the rapid recovery and profile identification of pets, will be the first device tested on the platform.

Patrick Bertagna, CEO of GTX Corp stated: “As the pandemic shows no signs of slowing down, now more than ever there is a growing need for just in time delivery of crucially needed protective equipment and COVID-19 IgG/IgM Antibody Rapid Test Kits. In partnership with KGH, we have expanded our ability to support government agencies and gained visibility into additional market sectors, while empowering KGH to provide a wide range of health and safety products to the community.”

 

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GTXO is making a big move up the charts in recent days on a massive surge of volume hitting highs of $0.15. The stock has quickly attracted legions of new shareholders and is emerging as a volume leader averaging over $3 million in dollar volume per day. Microcapdaily first reported on GTXO in February of last year when the stock was a little over $0.01. GTX recently launched COVID Antibody test kits and has noticed a significant increase in demand. Available at wholesale volume pricing and direct to consumers on GTX’s website which is currently selling 2 Rapid Test kits for $34.99 with free shipping. The Rapid Test Kit detects antibodies to SARS-CoV-2 with 97% accuracy in less than 15 minutes, and provides an affordable and convenient home/office testing solution for individuals who want to know if they have been previously infected with the virus or before and after receiving a vaccine to monitor their levels of antibodies. The Company said it has fulfilled multiple orders for PPE from government agencies including the United States Marine Corps, the U.S. Navy, the U.S. Department of Agriculture, and the U.S. Department of Veterans Affairs. These orders were quickly processed and shipped in coordination with our strategic partner, Kiernan Group Holdings (KGH), a risk management firm headquartered in Alexandria, VA. In November GTXO reported financial results for the Third Quarter ended September 30, 2020. Management stated:  “For the third quarter 2020, we saw a 7% increase in revenues and showed a net profit of slightly over $33k. By expanding our Health & Safety business we maintained our cash flow, broadened the visibility of our brand in the market, garnered a lot of new customers, and supported the national effort to keep people safe by providing high quality, FDA approved and many “Made in the U.S.A.” medical protective supplies. We will be updating on GTXI when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with GTXO.

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Disclosure: we hold no position in GTXO either long or short and we have not been compensated for this article

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