The GPS industry has evolved by leaps and bounds in the past years and understandably so, considering the widespread demand for the technology. However, in order to cash in on any growth, it is also important for investors to identify certain companies from the space that could be tracked.
About The Company
One of the companies that you could consider looking into from that industry at this point is GTX Corp (OTCMKTS:GTXO). The company is an innovator in the mobile, smart and wearable GPS tracking space. In addition to that, the company is also known for providing recovery location-based services. The company provides its services to a wide range of industries and that is possibly what makes it an interesting proposition for investors.
In this situation, it is perhaps a good idea for investors to consider taking a look at some of the key developments in relation to GTX Corp so that they get a better idea about the company. The coronavirus pandemic has come as an opportunity for many companies to move in and help with tackling the situation.
Authorized Sales Partner of Opu Labs and begins Selling Early Screening COVID Test
GTX Corp is no different in that regard due to its expertise in the GPS-enabled health and safety sector. Back December 29, 2021, it emerged that the company had started the distribution of COVID-19 screening tests for asymptomatic people. GTX Corp became the authorized sales partner of OpuLabs, the company which actually manufactures the screening tests.
More importantly, it is a screening test that has also displayed accuracy levels to the tune of as much as 96.8% and that could be another factor that investors ought to note. A highly accurate screening test can often prove to be highly popular as well. It is affordable as well and can be deployed in offices, homes, and schools quite easily.
GTX Receives Notice of Allowance from USPTO for New Patent
Back in December, GTX Corp got another major boost after it received a notice of allowance with regards to a new patent from the United States Patent and Passport Office. If it does get approved then it will be the fourth patent that is going to be awarded to the company from in the GPS SmartSole group.