GTX Corp (OTCBB:GTXO), an IoT platform in the personal location wearable and wandering assistive technology business, announced today signing a definitive agreement with Inventergy Innovations, LLC ("Inventergy"), a subsidiary of Inventergy Global, Inc. a Silicon Valley-based intellectual property company, led by IP industry veteran and former Hewlett-Packard executive, Joe Beyers, to spearhead their monetization efforts for its personal wireless location-based services IP assets. Both companies previously announced their letter of intent on May 10, 2016 and as part of the final agreement, Inventergy will have exclusive rights to license or sell three GTX patents – US 8,154,401, US 8,760,286, and US 9,219,978, commonly referred to as the "Comm. Protocol" or "286" Family. In exchange for the exclusive rights to sell or license these 3 patents, Inventergy will pay GTX Corp an advance against future income, in cash and INVT stock with a first payment on June 30th and then scheduled payments throughout the rest of 2016 and 2017.