GBT - 3D Chip and Memory Patent Enters the Regional Phase in Europe

Rhea-AI Summary

GBT Technologies Inc. (OTC PINK: GTCH) has announced that its PCT application has entered the regional phase in Europe as of March 16, 2021, assigned the number 19862631.9, covering all EPC states. This application was initially filed around October 9, 2019. The European Patent Office is anticipated to issue a communication inviting GBT to respond to the WO (ISA)/IPRP, with potential for claims reduction to limit fees. GBT aims to develop a suite of products incorporating IoT and AI technologies, focusing on licensing its intellectual property.

Positive

• PCT application entered regional phase in Europe, potentially strengthening IP portfolio.
• Assigned number 19862631.9, indicating progress in the patent application process.
• Anticipated communication from EPO may provide opportunity for claims reduction.

Negative

• None.

SAN DIEGO, March 17, 2021 (GLOBE NEWSWIRE) -- GBT Technologies Inc. (OTC PINK: GTCH) ("GBT” or the “Company”), is pleased to report a continuation to its prior release - www.otcmarkets.com/stock/GTCH/news/story?e&id=1829166 that the above-mentioned PCT application has entered the regional phase in Europe on March 16, 2021.  The application has been allocated the number 19862631.9 and designates all EPC states (as of the PCT filing date). 

The Company filed its application on or around October 9, 2019. It is expected that the European Patent Office will shortly issue a communication under Rule 161 EPC.  This will invite GBT to file a response to the WO (ISA)/IPRP as well as the opportunity to reduce the claims to avoid fees at that stage. 

The EPO will publish the bibliographic details of this application under a European publication number in due course.

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 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.

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 because 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.

Contact:
Dr. Danny Rittman, CTO
press@gopherprotocol.com

FAQ

What is the recent development regarding GTCH's patent application?

GBT Technologies' PCT application has entered the regional phase in Europe as of March 16, 2021.

What is the application number for GTCH's European patent?

The application number for GBT's European patent is 19862631.9.

When was GTCH's application initially filed?

GBT's application was filed on or around October 9, 2019.

What does entering the regional phase mean for GTCH?

Entering the regional phase indicates that GBT's patent application is progressing toward potential patent issuance in European countries.