In this paper we propose to consider a generalized error-locating code (GEL-code) as a possible candidate for data transmission systems that require high code rates along with strict requirements on wrong decoding probability. GEL codes are one of a few that allow analytical computation of code error probability bounds and have practical construction method. The paper describes the construction of the GEL-code and the algorithms for encoding and decoding. It represents the upper and lower bounds on wrong decoding probability. It gives a method for constructing such GEL code (with the minimal redundancy) that guarantees that the probability of wrong decoding will be less than required one (for a given channel error probability). Numerical results for the upper and lower bounds for the various GEL-codes and the analysis of the energy gain for the different signal-code structures are given.