Samsung and GTX Corp. Sign Definitive Agreement to Deliver GPS Tracking Apps to 40 Million New Phones
SAMSUNG USERS JOIN GROWING COMMUNITY OF LOCATION-BASED SOCIAL
NETWORKING AND SHARE “WHERE” ANYWHERE WITH GPS TRACKING APPS
Los Angeles, CA, August 17, 2010—As it crosses 600,000 downloads in 84 countries, LOCiMOBILE®, Inc. a wholly-owned subsidiary of GTX Corp (OTCBB: GTXO), has inked a deal with Samsung Electronics Co, Ltd., the world’s second-largest handset manufacturer in 2009 with sales of more than 235 million units (source, Gartner February 2010) to deliver its family of GPS Tracking Apps to Samsung’s new line of smartphones and bada platform.
Samsung, a leading mobile phone provider, launched its own open mobile platform, Samsung bada, in December 2009. This new addition to Samsung’s mobile ecosystem enables developers to create applications for millions of new Samsung mobile phones, and offers consumers a fun and diverse mobile experience. Samsung chose the name “bada”—which means “ocean” in Korean—to convey the limitless variety of potential applications that can be created using their new platform.
In the agreement, GTX Corp will develop versions of its tremendously popular GPS Tracking apps specifically for mobile phones that will run Samsung’s new bada operating system. GTX expects its GPS Tracking apps to be featured for sale on the Samsung Application Store beginning in October 2010. Of the 40 million estimated Samsung handsets expected to ship between now and mid-2011, 15-20 million will be the new “Scotia” models, to be shipped before the end of 2010.
“The Samsung bada platform further advances our march towards universal availability for our people-finder apps" says GTX Corp CEO Patrick Bertagna. “We’re delighted to have been asked by Samsung to participate in this new market and add the bada platform to our current list along with Apple, Android and RIM. We anticipate bada to be huge out of the gate and a tremendous boost to our business in the US and worldwide.”
GTX Corp’s announcement follows on the heels of an 89% increase in its revenues over the previous quarter and a number of recent software and hardware deals, including the launch of its new consumer based social networking portal www.gpstrackingapps.com. The company also formally launched its GPS Tracking app for the iPad several weeks ago and has already updated that app to version 1.1, and is launching a new GPS camera app this coming month, which will continue to add value to the growing suite of LOCiMOBILE GPS apps.
On the hardware side, developments include embedding miniaturized GPS tracking devices in the Aetrex Ambulator® GPS shoe, which just debuted to the trade at the WSA Show in Las Vegas, and for packages with international shipper MNX.
“We aim to continually drive developments that increase the value and strength of our Company, concludes Bertagna. The Samsung agreement vastly increases our visibility in the US and abroad, and further validates our GPS Tracking model of letting consumer and business users get the answer to ‘Where is my friend, co–worker, family member or high-value asset?’ with one push of a button.”
ABI Research predicts that more than 550 million GPS-enabled handsets will be shipped by 2012. LOCiMOBILE®, with 10 GPS apps on the market and 3 more in development across 4 major platforms, continues to gain traction and momentum in what is estimated to be a $29 billion dollar market by end of 2013.
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ABOUT SAMSUNG ELECTRONICS LTD.
Based in Samsung Town near Seoul, South Korea, Samsung Electronics Co., Ltd. is a global leader in semiconductor, telecommunication, digital media and digital convergence technologies with 2009 consolidated sales of US$116.8 billion. Employing approximately 188,000 people in 185 offices across 65 countries, Samsung is widely recognized as a leading mobile phone provider and the bada platform is utilized in millions of phones sold by Samsung. Samsung expects the bada platform will rapidly be adopted by its hundreds of millions of customers this year. In 2010 bada’s global distribution and coverage of Samsung mobile phones and Samsung Apps, the application store, will expand its service to 75 countries.
ABOUT GTX CORP WITH YOU ®
GTX Corp (OTCBB: GTXO.OB) a leader in embedded real-time GPS Tracking personal location services (PLS) was founded in 2002 and is based in Los Angeles, California. Known for its game changing patented micro GPS device in a shoe - the patented smart shoe and its block buster smartphone GPS Tracking App, recently featured in Los Angeles Business Journal and which hit number two on the iTunes top grossing chart, the Company continues to pave the way with innovative geo-specific and proximity alerting applications that help you know where someone or something is at the touch of a button. Committed to being the “better people finder”, GTX Corp owns and operates LOCiMOBILE, Inc. which develops location-based social networks (LBSN) applications for smart phones, Code Amber News Service, and the Code Amber Alertag. The Company has an aggressive intellectual property strategy and owns an extensive portfolio of patents, patents pending, registered trademarks, copyrights and website properties. GTX Corp is well positioned to capture the PLS Market through its diverse product platform licensing model, brand recognition, traction in the market and strategic partners.
GTX Corp does not warrant or represent that the unauthorized use of materials drawn from the content of this document will not infringe rights of third parties who are not owned or affiliated by GTX Corp. Further GTX Corp cannot be held responsible or liable for the unauthorized use of this document’s content by third parties.
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