(NEW YORK)–GTX Corp (OTC: GTXO) launches rapid COVID-19 test kits into UK as that nation announces massive testing program for nation.
In late March 2020, GTXO announced it would start exporting its Rapid Diagnostic Test-Kits for Antigens and Antibodies, along with hearing related products, to distributors in the United Kingdom.
This week England announced it will urged citizens to take coronavirus tests twice a week starting April 9th, under Prime Minister Boris Johnson’s plan to reopen the economy after lockdown.
With most of the adult population now having received a vaccine, the government is pushing rapid testing to keep control over the pandemic as restrictions are eased.
This is big news for GTXO, which now sells rapid Covid and Antibody test kits into the UK. Could we see a rapid Covid testing plan for the US next?
Reduced Debt and Improved Outlook
In recent interview following their 10K filing, the company discussed the growth of their health & safety product lines, and decrease in debt on balance sheet as GTXO has not taken on any new debt since 2018.
GTX Corp currently has around 185m shares outstanding, or market cap of only $4 million, and trades under the ticker symbol “GTXO”.
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About GTX Corp
GTX Corp (OTC: GTXO) 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. GTX is known for its game-changing and award-winning patented GPS SmartSole® — the world’s first invisible wearable technology tracking device created for those at risk of wandering due to Alzheimer’s, dementia, autism and traumatic brain injury. GTX’s business model is built around technology innovation and holds over 85 patents, with many issued patents in the area of GPS tracking. The company has international distributors servicing customers in over 35 countries and is a U.S. Military Government contractor. Other customers include public health authorities and municipalities, emergency and law enforcement, private schools, assisted living facilities, NGOs, small business enterprises, senior care homes, and consumers. www.GTXCorp.com
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