GTX Finds Way up Stock Price Ladder

Technology, that what-will-they-think-of-next field, is spotlighted in this space Tuesday, with word that Los Angeles-headquartered GTX Corp. (OTC:GTXO) is announcing new ways to get its products to market.

GTX, a pioneer in the field of wearable GPS, people and asset tracking Location-Based Services and Real-Time Location Systems, revealed additional distribution channels of its GPS SmartSole through an agreement with Phoniro, a subsidiary of Assa Abloy, a leader in providing digital health care solutions to seniors in Denmark, Sweden, Norway, Finland, the Netherlands and U.K.

In Denmark, where GTX distributor SafeCall was awarded a coveted two-year contract to supply the municipality of Oslo, Norway with wearable GPS devices along with a 24/7 monitoring cloud service center, presented the GPS SmartSoles at the international Dementia Days conference in Copenhagen, which had over 1,000 participants.

Shares in GTXO approached noon EDT Tuesday up 14.5% to 1.145 cents, on volume of 50,000 shares.