$GTCH on alert, tech company focused on developing a portfolio of Intellectual Property targeted on the IoT (Internet of Things), mesh technology and integrated Artificial Intelligence (AI), today announced that on June 10, 2021, the Company and GTX Corp (OTC: GTXO) (“GTX”), a pioneer in the fields of health & safety wearable GPS human and asset tracking systems and personal protective medical equipment and supplies, entered into a Letter of Intent (“LOI”) to develop a framework of cooperation between the companies to evaluate the viability and market size of the Company’s Intellectual Property and product line for worldwide exclusive licensing rights to manufacture, sell and distribute their products.
“We believe this proposed relationship with GTX can improve our go to market efforts for our IP and products. GTX’s proven extensive Global reach, experience in getting innovative products to market and understanding of our technology were critical factors in our decision to enter into this agreement,” stated the Company’s Chief Technology Officer, Danny Rittman.
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