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SANTA MONICA, Calif., Aug. 14, 2019 (GLOBE NEWSWIRE) -- GBT Technologies Inc. (OTC PINK: GOPHD) ("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™ global mesh network technology platform for both mobile and fixed solutions, announced that its Mobile Database Sharing PCT patent received a positive written opinion review by The Patent Cooperation Treaty (“PCT”) International examiners on August 5, 2019.
The patent claims were found to be novel and have “inventive step”, meaning they are “non-obvious”, which is positive for the Company. Based on this, the Company will submit a request to expedite the U.S. Application in order to move quickly to get the patent granted domestically and internationally. The technology in the patent claim is targeted to work within the Company’s private, secured communication protocol gNET, enabling vast database handling and management between devices. This proprietary database management system will also be adding another significant layer of cyber security to the Company's IoT/Mobile network, and is intended to be integrated with the the Company's granted Patch patent.
"Our Mobile Database Sharing patent is protecting one of our essential intellectual properties, which is targeted to work within our Avant! AI engine, currently being developed by GBT Costa Rica,” stated Dr. Rittman, the Company’s CTO.
“This technology is targeted for autonomous machines, IoT/Mobile networks, robotics and secured radio based designs. We are seeking domestic and international IP protection and will submit a request to expedite the domestic and international patent application,” added Douglas Davis, the Company’s CEO.
About GBT Technologies Inc.
GBT Technologies Inc. (OTC PINK: GOPHD) (“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.
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.
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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.
Douglas Davis, CEO
GBT Technologies Inc.