Breaking #AI #Stock News:
GBT Technologies (OTCPK: $GTCH) and GTX Corp Enter into a Second Letter of
Intent Covering the Potential Worldwide Licensing rights for the Manufacturing,
Sales and Distribution Focusing on qTerm; #ArtificialIntelligence
San
Diego, CA - August 4, 2022 (Investorideas.com Newswire)
GBT Technologies
Inc. (
OTC PINK: GTCH) ("GBT" or the
"Company"), a technology company focused on developing a portfolio of
Intellectual Property targeted on integrated circuits design automation, IoT
(Internet of Things), mesh radio technology and Artificial Intelligence (AI),
today announced that on August 1, 2022, the Company and GTX Corp (OTC: GTXO)
("GTX"), a pioneer in the fields of health & safety GPS
wearables, human & asset tracking systems, and personal protective medical
equipment supplies, entered into a second Letter of Intent ("LOI")
(the initial LOI was signed on June 10, 2021). The second LOI establishes a
mutual path to evaluate the viability and market size of the Company's
Intellectual Property (IP) with the goal of the parties to enter a worldwide
exclusive licensing agreement for GTX to manufacture, sell and distribute GBT's
products. The main focus is aimed on the qTerm – an AI driven, human vital sign
device (
https://qterm.me).
Read this news, featuring $GTCH in full at https://www.investorideas.com/CO/GOPH/news/2022/08041GTX-Corp.asp
"We believe this proposed relationship with GTX can improve
our go to market efforts for our qTerm device particularly as it is our first
fully developed commercial release. GTX's proven extensive global reach,
experience in getting innovative products to market, and deep understanding of
our technologies, were critical factors in our decision to enter into this
letter of intent, which potentially may lead into a formal license
agreement." stated the Company's Chief Technology Officer, Danny Rittman.
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
qTerm as well as exploring other products in the GBT portfolio. I believe that
qTerm, an intelligent, human vital sign monitoring device, has the capability
to enhance our existing offerings to our global customers and distribution
partners."
Any relationship between the parties as contemplated by the LOI
is subject to the parties, finalizing due diligence, and entering into a
material definitive agreement approved by each parties Board of Directors on or
before December 31st 2022.
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
About GTX Corp
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.
GTXCorp.com
Track My Workforce
GPS SmartSole.com
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.twitter.com/gtxcorp
https://www.linkedin.com/in/gtxcorp
https://www.pinterest.com/GTXCorp/
https://instagram.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 -
GBT
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
Investorideas.com
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