GTX Corp (GTXO.OTCBB) develops miniature GPS tracking and location transmitting technology. This technology is used in both consumer and industrial applications, since both can integrate the technology into their products to track and locate people or things that carry the devices. Since the tracking device is tiny, apparel manufacturers, can license this technology and easily integrate it into their products, especially shoes and backpacks. The theft prevention industry can also use the technology by attaching it to portable assets to prevent theft or to locate stolen items.
The obvious consumer benefit is that parents can easily track and locate their children who are wearing the tiny device. Older children can also use the technology to track elderly parents or other mentally challenged individuals. Apparel manufacturers find that the benefits include premium pricing, brand differentiation, and additional income from revenue sharing.
GTX Corp offers several product lines. First, GTX offers a miniature, patented GPS sensing device. The clothing manufacturer or security company embeds the device into clothing or attaches it to company assets. If the person or asset is lost, people can easily track and find it using the company’s Internet tracking portal.
Secondly the GTX internet-tracking portal is a subscription based monitoring system that continuously tracks GTX devices (or even Non GTX devices) providing real-time location information, and movement history. The “GeoFence” feature can send an alert if the device travels outside of a prescribed area. GTX Corp has already developed the relationships with service providers such as ATT, and it can develop a tracking screen for each branded licensee.
Finally, GTX Corp is also expanding its product capabilities for use in cell phones and other portable GPS devices.
GTX Corp is led by a management team boasting decades of experience in the apparel and technology industries.
Chairman, President, CEO- Patrick Bertagna is founder of GTX Corp, and also co-invented the GPS Footwear technology. Bertagna began his career importing clothing from Europe. Later he developed his own line of clothing, and sold the clothing to several large retailers. In the early 1990s, Bertagna founded a company that developed supply chain management software. The software allowed customers to track products from design through distribution. His previous careers provide him a perfect background to be Chairman of GTX Corp.
Chief Operating Officer- Chris Walsh is perhaps the premier expert of production, sourcing and operations in the footwear industry, having held senior production and operation positions with Nike, Reebok and LA Gear for over twenty years. Walsh has built manufacturing operations in Asia, as well as been a key figure in the turnaround of LA Gear. In 1995, Walsh established a consulting firm in Los Angeles, providing design, manufacturing, and licensing consulting to a vast client base of apparel and sporting good manufacturers. Walsh began his career at GTX Corp in 2005.
Chief Financial Officer- Murray Williams spent over twenty years as a CPA in KPMG’s assurance practice. His specialty was financing of public offerings, mergers and acquisitions. Williams left KPMG to become a founding member of Buy.com where he developed the finance, legal, business development and Human Resource departments. He spearheaded Buy.com’s IPO and managed its overseas expansion. Williams left Buy.com in 2001, to become an active entrepreneur and joined GTX Corp a few years later.
Senior Vice President, Business Development- Ron Pellegrini began his business development career with the Palo Alto Design Group, where he developed several joint venture engineering arrangements with high tech companies such as Dell, Compaq, Palm and Micron. After Flextronics purchased the Palo Alto Design Group, Pellegrini formed a contract manufacturing partnership in Korea. He developed business arrangements with U.S. OEMs, and eventually moved the business to China in the late 1990s. Since then he has developed several engineering resource companies. Pellegrini accepted his position at GTX Corp, after being a consultant to the board of directors.
Chief Technology Officer- Jb Bittner Eriksen has developed consumer electronics for over 30 years. During the past 15 years, he has developed products for Sony, Hewlett-Packard, Phillips and others.
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