Breaking #AI #Stock
News: GBT Technologies (OTC: $GTCH) and GTX Corp. Enter into a LOI for Proposed
Worldwide Licensing for Manufacturing, Sales and Distribution; #artificialintelligence
LOS ANGELES - June 15, 2021 (Investorideas.com Newswire) GBT Technologies Inc. (OTC PINK: GTCH) (the "Company"), a technology company focused on developing a portfolio of Intellectual Property targeted on the IoT (Internet of Things), mesh technology and integrated Artificial Intelligence (AI), today announced that on June 10, 2021, the Company and GTX Corp (OTC: GTXO) ("GTX"), a pioneer in the fields of health & safety wearable GPS human and asset tracking systems and personal protective medical equipment and supplies, entered into a Letter of Intent ("LOI") to develop a framework of cooperation between the companies to evaluate the viability and market size of the Company's Intellectual Property and product line for worldwide exclusive licensing rights to manufacture, sell and distribute their products.
Read
this news, featuring GTCH in full at https://www.investorideas.com/CO/GOPH/news/2021/06151Worldwide-Licensing.asp
"We
believe this proposed relationship with GTX can improve our go to market
efforts for our IP and products. GTX's proven extensive Global reach,
experience in getting innovative products to market and understanding of our
technology were critical factors in our decision to enter into this
agreement," stated the Company's Chief Technology Officer, Danny Rittman.
GBT
has previously announced products including:
Guardian
Sphere - Multi Purpose Tracking Device
Guardian
MESH - Private Data Network
qTerm
- Medical Device for vitals
Avant!
- Artificial Intelligence Platform
Patrick
Bertagna, GTX Chief Executive Officer, stated "my team and I are excited
to have the opportunity to expand our product line and capabilities with GBT's
existing portfolio of products. I believe their products have the ability to
enhance our existing offerings to our worldwide customers and distribution
partners."
Any
relationship between the parties as contemplated by the LOI is subject to the
parties coming to an acceptable commercial agreement, finalizing due diligence,
entering into a material definitive agreement and other items.
About
Us
GBT
Technologies, Inc. (OTC PINK: GTCH) ("GBT") (http://gbtti.com) is a development stage
company which considers itself a native of Internet of Things (IoT), Artificial
Intelligence (AI) and Enabled Mobile Technology Platforms used to increase IC
performance. GBT has assembled a team with extensive technology expertise and
is building an intellectual property portfolio consisting of many patents.
GBT's mission, to license the technology and IP to synergetic partners in the
areas of hardware and software. Once commercialized, it is GBT's goal to have a
suite of products including smart microchips, AI, encryption, Blockchain, IC
design, mobile security applications, database management protocols, with
tracking and supporting cloud software (without the need for GPS). GBT
envisions this system as a creation of a global mesh network using advanced
nodes and super performing new generation IC technology. The core of the system
will be its advanced microchip technology; technology that can be installed in
any mobile or fixed device worldwide. GBT's vision is to produce this system as
a low cost, secure, private-mesh-network between any and all enabled devices.
Thus, providing shared processing, advanced mobile database management and sharing
while using these enhanced mobile features as an alternative to traditional
carrier services.
Contact:
Mansour
Khatib, CEO
press@gopherprotocol.com
GTX
Corp (OTC: GTXO) is a pioneer in smart, mobile and wearable GPS tracking and
recovery location-based solutions, supported through a proprietary IoT
enterprise monitoring platform and intellectual property portfolio. GTX offers
a global end-to-end solution of hardware, software and connectivity and
develops two-way GPS tracking technologies, which seamlessly integrate with
consumer products and enterprise applications. GTX utilizes the latest in
miniaturized, low power consumption GPS, Cellular, RF, NFC and BLE technology,
enabling subscribers to track in real time the whereabouts of people or high
value assets. GTX is known for its game-changing and award-winning patented GPS SmartSole® --
think Dr. Scholl's meets LoJack, the world's first invisible wearable
technology tracking device created for those at risk of wandering due to
Alzheimer's, dementia, autism and traumatic brain injury. GTX's business model
is built around technology innovation and holds over 85 patents, with many
issued patents in the area of GPS tracking. The company has international
distributors servicing customers in over 35 countries and is a U.S. Military
Government contractor. Other customers include public health authorities and
municipalities, emergency and law enforcement, private schools, assisted living
facilities, NGOs, small business enterprises, senior care homes, and consumers.
Social
Media Hashtags -
#withyou
#smartsole #connectedandprotected #trackwhatyoulove #iot #smartproducts #nfc
#ble #safety #healthcare #veritap #exceptionmonitoring #assettracking
#coronavirus #face mask #covid19
GTX
Blog https://gtxcorp.com/press/
https://www.facebook.com/gtxcorpcom
https://www.linkedin.com/in/gtxcorp
https://www.pinterest.com/GTXCorp/
General
information, investor relations, wholesale licensing, consumer purchase:
213.489.3019
Info@GTXCorp.com
IR@GTXCorp.com
Contact Us
GTX
Corp United Kingdom
In
the UK, GTX Corp operates from its London office. Please contact: Nelson Skip
Riddle
Email:
NSRiddle@GTXCorp.com Tel: +44 7785 364100
Disclaimer:
GTX Corp does not warrant or represent that the unauthorized use of materials
drawn from the content of this document will not infringe rights of third
parties who are not owned or affiliated by GTX Corp. Further GTX Corp cannot be
held responsible or liable for the unauthorized use of this document's content
by third parties unknown to the company.
GTX
Corp is a For-Profit with Purpose Company which has an extensive line of health
& safety products, patent portfolio, is a proud U.S. military contractor
and has multiple wearable tracking products sold through its online store,
Amazon and authorized resellers and distributors servicing customers across the
globe.
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.
GBT Technologies
Inc. (OTCQB:GTCH) is a featured tech stock on
More info on GTCH at Investorideas.com Visit: https://www.investorideas.com/CO/GOPH/
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