Over the last decade we have seen the explosion of the wireless market. When they were first introduced to the public, cellular phones were the size of a briefcase. Now, they are smaller than a deck of cards and can make calls, take photos, and access the internet. According to Wireless Intelligence, the GSM Association’s market intelligence unit, by 2011 there will be upwards of four billion mobile handsets worldwide. Findings indicate that an increasing number of units purchased globally will have GPS and positioning capability. GTX Corp (GTXO.OB) is in the midst of implementing an accelerated plan to capitalize on consumers’ continued interest in wireless technology.

GTX, a developer of customizable two-way Global Positioning Systems (GPS) and Position Location Systems (PLS) applications, is now moving from development stage to production level. Since 2002, GTX has developed, patented, and integrated miniaturized cellular location-transmitting

After years of planning and development, GTX Corp (GTXO.OB), a company that has created miniaturized GPS tracking and cellular location-transmitting technology platforms, is now in a position to get products into the hands of consumers. GTX has created 2-way Global Positioning Systems (GPS) and Position Location Systems (PLS) that can be applied to customized products. The company recently announced that Alteon Capital Partners has been retained to advise GTX in the launch of its products.

With the addition of Alteon Capital Partners, GTX continues to follow its strategy to build a team of premier strategic advisors. Alteon specializes in advising clients on financing, transformation and repositioning, corporate development, and value recovery services. Estimates indicate that by 2011 there will be more than four billion mobile handsets worldwide. Dr. Gilbert Amelio, managing partner at Alteon, will take a lead role in advising the company

GTX Corp. announced this week that it is accelerating its “go-to-market” strategy through product expansion and the addition of Dr. Gilbert Amelio of Alteon Capital Partners as a Strategic Advisor.

The number of people subscribing to wireless communication services has been increasing every year. In fact, the number of mobile handsets is projected to surpass four billion in 2011 according to Wireless Intelligence, the GSMA’s market intelligence unit. As this number continues to grow, so will the number of handsets that have GPS and positioning capability.

GTX Corp is implementing an aggressive plan to capitalize on this burgeoning opportunity by leveraging its intellectual property portfolio and product line with state-of-the-art Location Based Solutions. Continuing its strategy of building a team of premier strategic advisors, the company is bringing on Dr. Gilbert Amelio and George Lauro, Managing Partners of Alteon Capital Partners.

Dr. Amelio will advise GTX Corp on advancing in the GPS

Today before the opening bell, Tower Semiconductor Ltd. announced that Israel Corp. has invested $20 million in the company, pursuant to the agreement announced in September of last year. As terms of the agreement, Israel Corp. will receive Tower’s equity equivalent capital notes based on a $0.26 value per share.

Russell Ellwanger, CEO of Tower, stated, “We are pleased that Israel Corp. continues to show its support of Tower. This additional capital will assist us in continuing our efforts to become the leading specialty foundry in the world and will provide needed flexibility as we continue to leverage the synergies inherent in our merger with Jazz Technologies and streamline our world-wide operations.”

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Tower Semiconductor Ltd. (NASDAQ: TSEM) ended the week on a high note by announcing its merger with Jazz Technologies. The merger means the new company, Jazz Semiconductor, is created as a wholly-owned subsidiary of Tower Semiconductor. Tower is a specialty wafer foundry, while Jazz is a well-known specialist in Analog-Intensive Mixed-Signal Foundry solutions.

“We expect the merger of the two companies to provide expanded opportunities for growth based on the significant cross-selling opportunities and the broader, more complete product, technology, and service portfolio we are now able to offer to customers,” said Tower CEO Russell Ellwanger. “[We expect] significant improvements to our financial results, EBITDA and cash flow margins.”

In the move, Jazz Chairman and CEO will retire and begin to serve as a special advisor to the new Board of Directors. Ellwanger has been named chairman of the Jazz board of directors and is responsible for developing the final merger plan