Samsung and GTX Corp Sign Definitive Agreement to Deliver GPS Tracking Apps to 40 million NEW Phones
Author: Ronald RussoSamsung Users Join Growing Community of Location-Based Social Networking and Share "Where" Anywhere with GPS Tracking Apps
Los Angeles, CA, August 17, 2010 (GLOBENEWSWIRE)--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 Corpwill 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 http://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.
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