#AI #Stock News: GBT
(OTCPINK: $GTCH) and BitSpeed Announce Joint Venture GBT BitSpeed Corp.
BitSpeed's Software, Network and Storage Expertise
is planned for integration with and enhancement of GBT's wireless mesh network
and IoT GopherInsight™ Platform
Santa
Monica, CA - October 22, 2019 (Investorideas.com Newswire) GBT Technologies
Inc. (OTCPINK:
GTCH)
("GBT", or the "Company"), a company specializing in the
development of Internet of Things (IoT) and Artificial Intelligence (AI)
enabled networking and tracking technologies, including its GopherInsight™
wireless mesh network technology platform for both mobile and fixed solutions,
announced that it has entered into a Joint Venture ("JV") Agreement
with BitSpeed LLC ("BitSpeed"), a software development company
located in the Los Angeles area. The new JV will be called GBT BitSpeed Corp.
BitSpeed
(www.bitspeed.com) specializes in
the development, sale and maintenance of software which allows the accelerated
and secure transfer of large file data over existing private or public
networks. BitSpeed is currently partnered with a major Cloud Platform (GCP) and
has an agreement to supply its software through GCP's Partner Advantage
program, where their customers can buy certified solutions directly from GCP.
Read this in full
at https://www.investorideas.com/CO/GOPH/news/2019/10221BitSpeed.asp
BitSpeed's
Concurrency application competes in the Extreme File Transfer market, which is
a subset of the larger Managed File Transfer or MFT market. Per analyst Market
Reports World (https://www.marketreportsworld.com/enquiry/request-sample/12905887):
"Managed
file transfer is a type of software that allows the transfer of files inside an
organization or between multiple organizations. This method is a fast, secure,
reliable, and a transparent way of exchanging files, with additional features
such as tracking and monitoring. As a result, one can discover the loss of data
from a specific point, and also receive an acknowledgement after successful
completion of a file transfer process. With the advent of digitalization,
companies are becoming heavily dependent on the successful transmission of
digital files bearing critical information. Hence, this transmission should be
secure, reliable, and quick to run the business process smoothly in real time.
The demand for efficient and effective file transfer has been increasing in the
past few years."
GBT
BitSpeed Corp. is expected to assist with the integration and development of
BitSpeed's technology into GBT's patented and patent-pending technology
platform outlined in previous announcements, highlighted by its GopherInsight,
gNET Wireless Mesh Network platform, and its Avant! AI management system. As
GBT's gNET network data transfer needs grow in the future, it is planned that a
high-speed, secure layer of technology could be added to facilitate movement of
large file data globally.
"Continuing
with our strategic goal to launch world-class products and software, GBT feels
that this is another great step in enhancing our offerings both through internal
and partner resources," said Doug Davis, GBT's Chief Executive Officer.
"We welcome our new partners from BitSpeed and look forward to our
cooperative development and business efforts in the future."
"We
are excited to partner with GBT in this Joint Venture," states Caron
Caldwell, BitSpeed's General Manager. "As wireless mesh networks deploy
globally, it will be important to move large amounts of data quickly and
safely, and we look forward to helping GBT's InSight platform achieve this."
About GBT Technologies Inc.
GBT
Technologies Inc. (OTC PINK: GTCH) ("Gopher") (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. Gopher has a portfolio of Intellectual Property
that, when commercialized, will include smart microchips, mobile and security
applications and protocols, and supporting cloud software. Gopher’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. Gopher 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.
About GBT TECHNOLOGIES, S.A.
GBT
Technologies, S.A., a private Costa Rican corporation (GBT -http://gbttechnologies.com/) is a
development-stage company in the business of the strategic management of BPO
(Business Process Outsourcing) digital communications processing for
enterprises and startups; distributed ledger technology development, AI
development and fintech software development and applications.
https://aggregator.genesisexchange.io/ (Beta
Version)
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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
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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:
GBT Technologies
Inc. (OTCQB:GTCH) is a featured tech stock on
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