GTX Corp extends its growing IP portfolio and a partnership with Talk About Curing Autism to develop GPS tracking location based solutions aimed at aiding families living with autism
LOS ANGELES , May 8, 2012 /PRNewswire/ -- GTX Corp (OTCBB: GTXO), the leader in customizable, 2-way GPS tracking location based solutions has been granted another utility patent, adding to the company's growing IP portfolio that includes 11 issued patents, 5 patents pending and 34 U.S. and 28 foreign patents under its license. The multi-patented GPS technology platform will also soon serve as the foundation for products designed to help the millions of families affected by autism, as a result of a new partnership between GTX Corp and Talk About Curing Autism (TACA).
This new Patent 8,154,401 B1 titled "System and Method for Communication with a Tracking Device" protects many of the vital communications with the GTX Corp backend processes that are currently being used daily by the Company's licensed enterprise partners and consumers, enhancing the Company's barriers to entry in the growing $13 billion location based services industry. "This new patent has 30 claims, including 2 independent claims. One of the independent claims is directed to a tracking device with remotely configurable settings and the other independent claim is directed to a method of communicating configuration data to a tracking device. This patent further strengthens the Company's already extensive IP portfolio and overall value," said Larry E. Henneman, Jr ., Registered U.S. Patent Attorney.
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