GBT IP Technology Portfolio and Other Updates
GBT IP Technology Portfolio andOther Updates
Santa Monica, CA -- April 25, 2023 -- InvestorsHub NewsWire -- GBTTechnologies Inc. (OTCPINK:GTCH)("GBT" or the "Company"), is pleased to provide an update coveringits intellectual properties ("IP") portfolio and other news.
GBT is continuing to focus on its core competency around Research& Development ("R&D") through the self-developing of atargeted technology IP portfolio combining patents, trade secretsand prototypes.
GBTnow holds 14 patents and has 25 submissions within the followingdomains: asset tracking, 3-D MP Microchip Design (semiconductors),EDA software-tools, ID, cyber security, pattern recognition,tele-health, health, AI, Avant!AI, computer vision systems, IoT,mesh networks, radio networks. The Company has been focused ondelivering a steady stream of new IP with the goal of portfolioexpansion and the development of new ideas and successful patentssince it switched to an IP business model a bit over two years ago.In the first Q of 2023, GBT added another four approved patents tothe growing IP.
With positive industry feedback, GBT will continue to focus onexpanding the family of its various patents and concentrating onstrategic potential partnerships with the goal of integrating thesetechnologies into a broad marketplace, diversifying the risk withinall these areas.
GBT 1Q 2023 Highlights:
- 12.5% IP Portfolio growthincrease in the 1Q 2023
- GBTfiled its Annual Report forthe year ended December 31, 2023
- AVANT! AI™, the core AI system ofGBT, was registered as a trademark to provide name and IPprotection. The core technology will remain a trade secret but isnow open for licensing to build specific applications orapplication skins. PressRelease Trademark
- The qTerm health device has beentested and with approval of the patent on May 2, 2023, thetechnology and hardware are ready to be licensed and manufacturedby a 3rdparty. PatentAnnouncement
- GBT signed a binding LOI withBannix Acquisition Corp for GBT's Apollo technology in conjunctionwith self-driving cars and public transport passengersafety. SECFiling
- GBT sold Avant! AI ™ to TrendInnovation Holdings Inc. PressRelease Tren
"We slightly improved our position in all areas of operationincluding cash, marketing, and profits, but ultimately still have alot of work to do. We continue to believe that expanding anddeveloping our own Technology IP Portfolio will lead to results.The successful placement of Avant! AI™ and Apollo this month isproof that there is a market for our current technology and thatthe strategy of developing an IP Portfolio and placement toincrease shareholder value is working", says Mansour Khatib, CEO of GBT.
With regard to Apollo, StevenLake, CEO of EVIE Autonomous Ltd, commented: "We arealways seeking relevant technologies that can support our coremission, I appreciate the value Apollo adds to EVIE as a backup toour core AI and radar control sensors and understanding of ourvehicle's location."
About US
GBT Technologies, Inc. (OTCPINK: GTCH) ("GBT") (http://gbtti.com)is a development stage company which considers itself a native ofInternet of Things (IoT), Artificial Intelligence (AI) and EnabledMobile Technology Platforms used to increase IC performance. GBThas assembled a team with extensive technology ability and isbuilding an intellectual property portfolio consisting of manypatents. GBT's mission, to license technology and IP to synergeticpartners in the areas of hardware and software. Oncecommercialized, it is GBT's goal to have a suite of productsincluding smart microchips, AI, encryption, Blockchain, IC design,mobile security applications, database management protocols, withtracking and supporting cloud software (without the need for GPS).GBT envisions this system as a creation of a global mesh networkusing advanced nodes and super performing new generation ICtechnology. The core of the system will be its advanced microchiptechnology; technology that can be installed on any mobile or fixeddevice worldwide. GBT's vision is to produce this system as a lowcost, secure, private-mesh-network between all enabled devices.Thus, providing shared processing, advanced mobile databasemanagement and sharing while using these enhanced mobile featuresas an alternative to traditional carrier services.
Forward-LookingStatements
Certain statements contained in this press release may constitute"forward-looking statements". Forward-looking statements providecurrent expectations of future events based on certain assumptionsand include any statement that does not directly relate to anyhistorical or current fact. Actual results may differ materiallyfrom those indicated by such forward-looking statements because ofvarious important factors as disclosed in our filings with theSecurities and Exchange Commission located at their website (http://www.sec.gov).In addition to these factors, actual future performance, outcomes,and results may differ materially because of more general factorsincluding (without limitation) general industry and marketconditions and growth rates, economic conditions, governmental andpublic policy changes, the Company's ability to raise capital onacceptable terms, if at all, the Company's successful developmentof its products and the integration into its existing products andthe commercial acceptance of the Company's products. Theforward-looking statements included in this press release representthe Company's views as of the date of this press release and theseviews could change. However, while the Company may elect to updatethese forward-looking statements at some point in the future, theCompany specifically disclaims any obligation to do so. Theseforward-looking statements should not be relied upon asrepresenting the Company's views as of any date subsequent to thedate of the press release.
Contact:
Mansour Khatib, CEO
press@gopherprotocol.com
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