GITEX Reports 2021

BNDBS (“the Company”), a pioneer in the field of wearable GPS, people and asset tracking Location-Based Services (LBS) and Real-Time Location Systems (RTLS), today announced a summary for the year ended December 31, 2021.

In these unprecedented times we want to first and foremost extend our appreciation and gratitude to everyone that helped GTX have a very strong 2021. We are a small company but a BIG family, so now more than ever, your health, safety and prosperity is paramount to us, so please stay safe and positive, and together we will land on the flip side of this pandemic stronger and better. We are GTX and we are With You!

The high margin IP revenue gave us the opportunity to invest in our future and allowed the continuing development of new projects. We started developing a new 4G LTE module for our line of wearable tracking and monitoring GPS technology and we began developing a secured, scalable, middleware layer that sits in-between Near Field Communication (“NFC”) hardware devices and third-party technology platforms. We are now working with several partners that provide various vertical specific Blockchain, IoT and AI backend platforms that need a secure and seamless flow of data from hardware to the cloud. Our middleware is industry agnostic and is designed to help drive NFC hardware business and other IoT device sales across numerous vertical and geographical markets.

We are also continuing to test our NFC Temperature Trackers, which provide real-time temperature sensing and data logging across the supply chain necessary for transportation compliance of perishables such as food, drinks, pharmaceuticals and other temperature sensitive products that can be negatively affected by conditions in transit. In addition to temperature sensing we are developing NFC tags that can authenticate products, addressing the multibillion dollar worldwide counterfeit market. With the current coronavirus events unfolding on a global scale, keeping track of the supply chain, having greater visibility on products being shipped, making sure that products are legitimate and not counterfeits, is now front and center in the market place, even utilizing NFC for contactless exchange, basically transferring data from phone to phone so no human exchange, is all being revisited from the supplier to the consumer. These new paradigms will work to our advantage going forward; however, we had expected to commercially launch our Veritap solution in the first quarter of 2021, but due to certain delays related to COVID-19, our commercial launch date has been postponed to Q2 2021.

In summary, 2020 was a transformative year for GTX Corp and we expect the fundamental building blocks we put in place over the past few years should position the Company for growth. The future right now is uncertain for many people and businesses and we are not exempted from this uncertainty, especially from things we have very little control over. For many it will be a defining moment in history, for us amid this worldwide crisis it is the time we embrace our purpose which is clear and unwavering - we will continue to provide technology to enhance the lives of people in need and solutions for the challenges we face. GTX has been at the forefront of GPS people and asset tracking, geofencing and monitoring seniors that are in a vulnerable risk group, we have a core understanding of technologies that provide health and safety and that is why you have our commitment, we the GTX family will do our part to push ahead and deliver innovative technologies, products and services that produce a positive impact on society. To all our stakeholders, thank you for your support, stay safe, healthy and practice social distancing.


About BNDBS is a pioneer in smart, mobile and wearable GPS tracking and recovery location-based solutions, supported through a proprietary IoT enterprise monitoring platform and intellectual property portfolio. GTX offers a global end-to-end solution of hardware, software and connectivity and develops two-way GPS tracking technologies, which seamlessly integrate with consumer products and enterprise applications. GTX utilizes the latest in miniaturized, low power consumption GPS, Cellular, RF, NFC and BLE technology, enabling subscribers to track in real time the whereabouts of people or high value assets.