Inventions that grab our attention and capture our imagination are appearing by the day, and when they positively affect our loved ones, they make our hearts race. In a bygone era, we’d have seen the stream of these new developments, these new technologies, shake our heads and use the timeworn phrase of the day, “What will they think of next?”
With the scourge of Alzheimer’s Disease taking a greater hold on our society (and new developments on that front would be welcome to wipe out that disease), a Los Angeles-based company is doing its bit to help out the patients of this deadly disease, by announcing an invention aimed at alerting their families of their whereabouts when they wander off. On the next to last day of September, GTX Corp. (OTC:BB: GTXO, Stock Forum) announced a patent for its GPS-enabled shoe known as the “Ambulator.”
The latest patent, known as RE 40 897, covers a transceiver locator unit discreetly placed within the footwear providing a dynamic method for accurately positioning the shoe with GPS data capture and transmission of that location to a central monitoring station, which disseminates the secure data through the use of proprietary software and cellular connectivity and the Internet.
In the release heralding acceptance of the patent, GTX officials mentioned that a broadening of the patent on the shoe creates more barriers to entry and blocks competition, something to which small-cap investors should take notice.
GTXO, which first did business in 2002, develops and integrates two-way GPS people-finding systems that use the latest in miniaturized tracking and cellular location technology, offering a GPS location platform that enables subscribers to track in real time the whereabouts of people, pets, or high-valued assets. While footwear is its first application, GTXO is also integrating its patented personal location technology into many other products. The company has already entered into several agreements with consumer product companies and expects additional agreements to follow.
“The prospect for rapid growth,” GTXO opines, “is very real as practically all industries and products can benefit from GTX Corp's technology and multi-prong(ed) approach to the market.
“We are not only building a company but actually defining a category.”
Not only that, but the company’s stock price is establishing direction of its own. On the day of the patent announcement, GTXO hurtled upward 18% to around the 22-cent mark. While off its ultimate discount rate of four cents for the year (a depth plumbed this March), the cheery news for small-cap investors seeking bargains is that the price is quite far south of the 52-week high of 77 cents, set on September 30 of last year. For those keen on technology, especially, this stock merits a look.
Disclosure:
The author, Peter Szafranski, has not been compensated nor does he own a position in the above mentioned company.
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Stockhouse articles by Peter Szafranski