#AI #Stock News: GBT's (OTCPINK: $GTCH)
Mobile Management and Sharing Database Patent Received a Notice of Allowance; @GbtTechnologies
SAN DIEGO - October 5, 2020 (Investorideas.com Newswire) GBT Technologies Inc. (OTCPINK: GTCH) ("GBT", or the "Company"), announced that it received a notice of allowance for application number 16/155,093 issued by the United States Patent and Trademark Office ("USPTO") for its System and Method of Mobile Database Management and Sharing patent. The Company expects that it will receive a granted date during the next three months.
Read this news,
featuring GTCH in full at https://www.investorideas.com/CO/GOPH/news/2020/100520Patent-Allowance.asp
This
patent is targeted to enable a highly secured communication protocol and to
produce increased processing of database objects through its networks. Using
the technology contemplated in the patent, it is believed that mobile and IoT
devices may be able to share/exchange vast amounts of data using what is
believed to be highly secured, segmentation oriented, proprietary techniques.
The patent protects advanced algorithms and methods for storing and sharing
information database objects among networks like cellular, radio, WLAN, LAN
(Local Area Network), microchip's internal communication and the Internet. One
of the most advanced applications for this method and system is IoT/Mobile
devices over radio. The system is designed to create another advanced security
top-layer to protect the network's security and potentially boost its speed
exponentially.
This
method and system is designed to work with high and low speed networks and in
conjunction with GBT's granted Guardian Patch patent with the goal of
protecting global tracking devices enabling additional security for its radio,
wireless, and Internet networks.
Danny
Rittman, GBT's CTO stated, "We are pleased to announce that one of our
most prestigious patents has been granted. We believe our database sharing and
management system is a breakthrough solution expected to provide additional
security by processing the information according to advanced packets-segmentation
algorithms. Especially nowadays, when the world is flooded with wired and
wireless networks, our database system is capable of providing one of the
highest security protocols, handling vast amounts of information over networks.
In addition, our system is designed to significantly increase the network's
communication speed and overall performance. We believe this is essential for
IoT/Mobile, real-time applications including autonomous machines,
military/security applications and medical systems. The system is designed to
support media, textual and graphic/imaging information types with the goal of
enabling high performance and secured processing. GBT is targeting this
technology to be used within its future medical AI development and it will work
with its proprietary integrated circuit (IC) technology within IoT/mobile
devices. Further, GBT's database management system is targeted to be governed
by our Avant! AI engine to ensure integrity, reliability and security. The
patent protects the system's key methodologies, concepts and approaches and we
hope to receive the official granting date during the next three months."
As a
reminder, as disclosed in the Company's Form 8-K Current Report filed March 2,
2020 and in subsequent filing with the Securities and Exchange Commission,
Discover Growth Fund, LLC ("Discover") has asserted that it has sold
all the Company's assets including the assets discussed in this Press Release.
The Company is pursuing various legal remedies challenging Discover's position
that is has sole the Company's assets.
About GBT Technologies Inc.
GBT
Technologies Inc. (OTC PINK: GTCH) ("GBT") (http://gopherprotocol.com/) is a
development-stage company which considers itself a native IoT creator,
developing Internet of Things (IoT) and Artificial Intelligence (AI) enabled
mobile technology platforms. GBT has a portfolio of Intellectual Property that,
when commercialized, will include smart microchips, mobile and security
applications and protocols, and supporting cloud software. GBT's system
envisions the creation of a global mesh network. The core of the system will be
its advanced microchip technology that can be installed in any mobile or fixed
device worldwide. GBT envisions this system as a low-cost, secure, private mesh
network between any enabled devices, providing shared processing, advanced
mobile database management/sharing and enhanced mobile features as an
alternative to traditional carrier services.
Forward-Looking
Statements
Certain
statements contained in this press release may constitute "forward-looking
statements". Forward-looking statements provide current expectations of
future events based on certain assumptions and include any statement that does
not directly relate to any historical or current fact. Actual results may
differ materially from those indicated by such forward-looking statements as a
result of various important factors as disclosed in our filings with the
Securities 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 factors
including (without limitation) general industry and market conditions and
growth rates, economic conditions, governmental and public policy changes, the
Company's ability to raise capital on acceptable terms, if at all, the
Company's successful development of its products and the integration into its
existing products and the commercial acceptance of the Company's products. The
forward-looking statements included in this press release represent the
Company's views as of the date of this press release and these views could
change. However, while the Company may elect to update these forward-looking statements
at some point in the future, the Company specifically disclaims any obligation
to do so. These forward-looking statements should not be relied upon as
representing the Company's views as of any date subsequent to the date of the
press release.
Contact:
Dr.
Danny Rittman, CTO
GBT Technologies Inc.
Media: press@gopherprotocol.com
GBT Technologies
Inc. (OTCQB:GTCH) is a featured tech stock on
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