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Company Description

Contact Info

117 West 9th Street

Suite 1214

Los Angeles, CA 90015

United States

Phone: 213-489-3019

Fax: 213-489-3062

GTX Corp designs, develops, and sells various interrelated and complementary products and services in the personal location services marketplace. The company offers a global positioning system (GPS) and cellular location platform. It integrates two-way GPS tracking technologies that integrate with consumer products and enterprise applications. The company provides personal location solutions through hardware devices, software platform licensing and smartphone applications, with approximately 1.4 million downloads in 162 countries and distributors throughout the U.S., Canada, Mexico, Australia, Ireland, and Nepal. Operations The company conducts its operations through three wholly-owned subsidiaries, such as Global Trek Xploration (GTX California); LOCiMOBILE, Inc. (LOCiMOBILE); and Code Amber News Service, Inc. (CANS), which operate in various interrelated sectors of the emerging location-based services and proximity marketing industry. GTX CALIFORNIA BUSINESS GTX California focuses on hardware and software design and development of GPS monitoring products by offering a GPS and cellular location platform that enables subscribers to track in real time the whereabouts of people, pets, or assets. The company’s GPS device, which consists of a miniature transceiver, antenna, circuitry, and battery, could be customized and integrated into various products whose location and movement could be monitored in real time through the Internet through its 24x7 location data center (Location Data Center) tracking portal or on a Web enabled cellular telephone. The GTX California business model is to license its technology platforms to branded partners who desire to deliver their own tracking solutions to consumers or their customers in various wearable and portable location devices. As of December 31, 2012, the company had created two custom solutions in two separate vertical markets (monitoring seniors and assets) and had on-going initiatives to develop and deploy additional custom hardware, software, monitoring, and connectivity solutions in other vertical markets. Products – Hardware and Location Data Center GTX California’s location based products consist of certain hardware and a suite of subscription-based Internet data-monitoring software and services (tracking portal). The company’s hardware products include patented, interchangeable GPS satellite tracking and location reporting modules that could be embedded into wearable consumer items (such as footwear, clothes, backpacks, and life preservers) or could be integrated into other portable carriers. Its GPS devices could be embedded into the sole of a shoe to track and report the location of the wearer of the shoe. In addition, it offers a wearable caddy that houses a miniaturized, ruggedized, portable GPS tracking device enclosed in a buoyant, waterproof, shockproof, clip-on housing. The module could be affixed to, or embedded in other products and items that need to be located, such as bikes, backpacks, and parcels. GTX California’s data tracking portal consists of its proprietary Location Data Center that provides a range of back-end services to subscribers. Upon purchase of a product that contains the company’s GPS devices from a licensee, the subscription by the purchaser of a service plan and the subsequent activation of service, the subscriber/purchaser could establish his own personal pass code and configure his account services. GTX California’s planned GPS Personal Locator licenses are targeted to address different vertical markets, including tracking or locating adults with Alzheimer’s disease, children with autism, pets, institutional living, and life science assets. GTX California has a license agreement with Aetrex Worldwide, Inc. (Aetrex) under which the company granted Aetrex the right to embed its GPS tracking device into certain footwear products manufactured and sold by Aetrex. The Navistar GPS Shoes monitors the locations of ‘wandering’ seniors afflicted with dementia. The company is responsible for the cellular/GPS activation for arranging and providing cellular connection services. GTX California is also responsible for the manufactu

 

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GTXO Competitors

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Company Last Change
Location Based Technologies Inc $0.0099 USD +0.0024
LoJack Corp $4.18 USD +0.22
TomTom NV €6.19 EUR -0.102
Trimble Navigation Ltd $30.98 USD -0.73
Webtech Wireless Inc C$1.76 CAD -0.02
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Industry Analysis

GTXO

Industry Average

Valuation GTXO Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 25.4x
Price/Book NM Not Meaningful
Price/Cash Flow NM Not Meaningful
TEV/Sales 22.1x
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