GTX Launches 4G GPS SmartSole across Germany in Partnership “We are excited to work with ProteGear, parent company Global SafeTrack Systems GmbH, to bring the latest generation of the GPS SmartSole technology to Germany,” stated Andrew Duncan GTX Director. “As the largest senior health care market in Europe, with a population of close to 84 million, it is very important for us to have a strong presence there”
The German health system provides universal population coverage either through social health insurance (SHI), which covers almost 90% of the population, or VHI (Voluntary Health Insurance.) Health insurance coverage is mandatory for the entire population. Coverage is virtually universal and less than 1% of the population is not insured.
“We have been looking forward to the launch of the next generation LTE Cat M1 SmartSole for some time. With the high-performance GPS tracking system and longer battery life of up to 5 days, we are excited to offer our customers this product,” stated Markus Schlittenbauer. “We have a lot of pent-up demand for the product from both families acting as caregivers for individuals with Alzheimer’s or Dementia, as well as the senior care organizations and homes. SmartSoles not only help family members feel safer about their loved ones, but also prevent patients from being institutionalized, thus reducing the cost of their care.”
The SmartSole is GTX’s most notable award-winning product which is a seamless GPS-enabled wearable device whose target market is people with cognitive disorders such as Autism, Dementia, Traumatic brain injury and Alzheimer’s. These groups tend to wander and need constant remote patient monitoring (RPM). Although this is a niche segment, these groups together represent approximately 3% of the world’s population, which is around 34 million in the 24 go-to market ready developed countries GTX has identified, and in several of these countries has already begun distribution.
GTX Corp's patented GPS SmartSoles, are the world’s first wearable yet invisible tracking technology. Placed in the wearer’s shoes they contain a state-of-the-art Nordic GPS module connected through cellular networks that send a GPS location to the GTX central monitoring website and app. The SmartSoles which were initially created as a wander guard solution for those at risk due to Alzheimer’s, dementia, autism, or traumatic brain injury and tend to wander or become lost or disoriented, can also be used by people at risk of kidnapping, such as government employees, journalists and corporate executives. SmartSoles come in 3 trim-to-fit sizes ranging from size 5 to 13, for men, women, and children, are water resistant, include an inductive charging pad, and are proudly manufactured in Rhode Island, U.S.A.
GTX Corp is a For-Profit with Purpose Company which has an extensive patent portfolio, is a proud U.S. military contractor and has multiple wearable tracking products sold through its online store, Amazon and authorized resellers and distributors servicing customers across the globe.
https://www.globenewswire.com/news-release/2022/04/27/2430228/0/en/GTX-Launches-4G-GPS-SmartSole-across-Germany-in-Partnership-with-ProteGear-com.html