Special
Edition #AIEye #Podcast: GBT Technologies ( $GTCH) CTO and GTX Corp. ( $GTXO)
CEO Discuss Recent LOI and How Companies Compliment Each Other;
#ArtificialIntelligence
Point Roberts WA, Vancouver BC – June 28,
2021 – Investorideas.com (www.investorideas.com), a global investor news source
covering Artificial Intelligence (AI)
brings you today’s edition of The AI Eye Podcast featuring
GBT Technologies Inc. (OTCPINK:GTCH), 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.
Listen
to today’s podcast:
https://www.investorideas.com/Audio/Podcasts/2021/062521-AI-Eye.mp3
Read this in full at https://www.investorideas.com/news/2021/artificial-intelligence/06281GTCH-GTXO-LOI.asp
GBT Technologies Inc.’s (OTC PINK:GTCH) recently-announced Letter of Intent (LOI) with GTX Corp (OTC:GTXO) plays to the strengths of both companies and validates GBT’s business model, according to CTO, Danny Rittman. In a recent interview with Investorideas.com, Rittman and GTC CEO, Patrick Bertagna discussed the LOI, which according to the press release, aims “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.”
“We (GBT) have a great ability, in house,
of development from an IP to a prototype,” Rittman said. “And that’s why we’re
constantly filing patents. We see that GTX has an extraordinary proven record
and experience of bringing these types of technologies to market.”
“We think it really outlines an excellent
opportunity for a partnership,” Bertagna said. “It’s extremely complimentary in
terms of our skill sets: GBT has phenomenal R&D capabilities, great
engineering capabilities, and at GTX we’ve got good manufacturing capabilities,
sales, global distribution, and sales support. It gives GTX the ability to
really focus on the sales, distribution, and manufacturing – those are skill
sets we have been utilizing for years – and it gives GBT the opportunity to
focus on the ideation and the early stages of the development aspects of
bringing a product to the commercial market.”
Bertagna explained how the COVID-19
pandemic had emphasized and accelerated certain trends in the market, in
particular, ones that GTX and GBT are well-positioned to seize upon.
“Our focus, post-pandemic, is to bring to
the marketplace solutions that really took grip over the past 18 months,”
Bertagna said. “Telemedicine, for example, was used, but since the pandemic it
has become necessary and vital, just because people couldn’t physically see
each other. Wearable technology, which is really at the heart of what GTX does,
I think is going to see explosive growth over the next five years.
Post-pandemic, people are going to want to wear devices that tell them how
they’re doing, how they’re feeling, and will give them the ability to do
track-and-trace, monitoring, to see if they’ve been exposed to other pathogens
or ailments.”
“We’ve already outlined and identified
three products in the GBT portfolio that would be extremely complimentary to
our product offerings and would be very much welcome with our customer base,”
Bertagna said. “The first one is going to be a low cost, very small tracking
technology. Use cases are going to be for pets, children in schools, perhaps
for workers on an oil rig or in mines.”
“The next product, which we expect in the
latter part of the fourth quarter, is going to be a biometrics product.”
Bertagna explained the increased demand, again accelerated by the experience of
the COVID-19 pandemic, for portable health-monitoring devices.
“People are going to want small wearable
devices that can give them a lot of information about their health,” he said.
“We’re focusing specifically on four biometric readings, two of which can give
a very early indication if you have Covid, the others are blood pressure and
heart rate.”
“The key to all this is artificial
intelligence,” Rittman said. “I believe that implementing this type of core
technology…can be a complete game changer when it comes to enabling or
empowering health-related devices such as wearables.”
Read and hear other editions of the AI Eye
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About GBT
Technologies Inc.
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.
Additional information on GTX Corp can be
found at:
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