IP licensing and innovation company Inventergy Global (NASDAQ: INVT) this morning said its subsidiary, Inventergy Innovations, LLC, has launched a patent licensing campaign for GTX Corp (OTC: GTXO) for its wireless location-based services IP assets based on two-way GPS tracking. As a follow-up to a definitive agreement announced in June 2016, the licensing campaign will provide substantial discounts for early adoption, multi-year commitments or higher volumes of products to companies interested in the Comm. Protocol family. “In our Inventergy Innovations model we obtain exclusive rights to license or sell a partner’s patents, technology or in some cases their entire company. We use various monetization execution models to create value for our partners and our stockholders. In the case of GTX, our first step is to execute on this broad patent license program while exploring other potential initiatives. We are particularly excited by this GPS-based remotely configurable tracking and location devices market. It is growing very rapidly and the wearable’s sub-segment alone is projected at $8.8 billion for 2016 and expected to grow to $12.6 billion by 2019,” Inventergy CEO Joe Beyers stated in the news release.
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About Inventergy Global, Inc.
Inventergy Global, Inc. is a Silicon Valley-based intellectual property company dedicated to identifying, acquiring and licensing patented technologies of market-significant technology leaders and small companies. Led by IP industry pioneer and veteran Joe Beyers, the Company leverages decades of corporate experience, market and technology expertise, and industry connections to assist Fortune 500 and other technology companies in leveraging the value of their innovations to achieve greater returns. For more information visit www.inventergy.com
About GTX Corp
GTX Corp (GTXO) is a pioneer in IoT wearable technology and a thought leader in enterprise 2 way GPS real-time personal location based services. Founded in 2002, headquartered in Los Angeles, California, with distributors in over 14 countries. The Company is known for its innovative, game-changing and award-winning GPS SmartSole and its blockbuster Smartphone GPS Tracking App. GTX provides solutions that answer the “where” question: where is my mother, child, employee, vehicle, drone and high value assets. Through a robust global enterprise monitoring platform and licensing subscription business model, the Company offers a complete end to end solution of location based hardware, middleware, apps, global cell connectivity and professional services. Letting you know where or how someone or something is at the touch of a button, delivering security and peace of mind in an instant. GTX Corp also owns and operates LOCiMOBILE, Inc which develops applications for smart phones and tablets and Code Amber Alertag. The Company has a comprehensive intellectual property strategy and owns an extensive portfolio of patents, patents pending, registered trademarks, copy rights and URL’s and was recently featured in a 38 page research piece which outlines the value proposition of the Company’s IP portfolio. For more information visit www.gtxcorp.com
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