GTX Corp Signs Collaboration Agreement with Veristride

Partnership Will Explore Gait Variability and Fall Risk Detection in Community-Living Older Adults
LOS ANGELES, CA – August 10, 2017 – GTX Corp (OTC Pink: GTXO), an IoT platform in the personal location wearable and wandering assistive technology business announced today signing a collaboration agreement with Veristride, Inc., a company that specializes in wearable solutions to analyze gait movement at the source, using custom sensors at the foot and biomechanical analytics to provide feedback on how people walk, run and move.

Gait technology is significant in fall risk detection and prevention, medication reaction, undetected stroke and early prediction of dementia. Being able to accurately monitor changes in gait/stride or activity levels specifically for seniors can have a major impact on their morbidity and mortality.

Despite extensive preventive efforts, falling continues to be a major problem for seniors both at home and in community living facilities. Being able to accurately predict falls, strokes or early onset of dementia by wearing a smart non-intrusive footwear device can offer significant advancements in senior care and wellness. GTX has been exploring and evaluating gait technology for several years as the Company strongly believes that there are many benefits that arise from gait analysis.

“We are very excited to begin working with Veristride, and look forward to piloting their technology with some of our customers both in the U.S. and Europe while our engineers work together to integrate their sensors into our SmartSole platform. By adding gait analysis to our SmartSoles we will be able to address the large problem of seniors falling and possibly detecting early onset of dementia,” commented GTX Corp CEO Patrick Bertagna.

Veristride CEO Stacy Bamberg stated, “Veristride is enthusiastic to engage with GTX Corp to pilot the use of our PT Metrix gait analytics with the SmartSole platform. We anticipate that our sensors and proprietary analytics can be used to evaluate a wide variety of health changes in senior adults.”

GTX Corp has been at the forefront of wearable technology for over a decade and holds numerous patents in the field of wireless communications and embedding miniaturized electronics inside footwear. With several footwear based wearable tech products in the marketplace and more expected out this year, the Company’s patented flagship GPS SmartSole® is a perfect fit for this type of gait analytics and fall detection technology. The SmartSole  comes in several trim to fit sizes for both men and women, are water resistant, made with the highest quality German electronic components and assembled in Rhode Island, U.S.A.

About Veristride

Veristride, Inc. analyzes movement at the source, enabling users to heal, excel and thrive. High fidelity sensors at the foot interface paired with state of the art biomechanical analysis allow Veristride to analyze how people walk, run and move. Built on over 15 years of research, Veristride’s approach caters to a wide range of users from individuals to trainers to organizations. In healthcare, Veristride’s PT Metrix system is used by physical therapists who work with individuals faced with mobility challenges. Both clinicians and their patients need better information about progress and symmetry using cues and analytics to measure outcomes.


Social media: #ptmetrix

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