GBT – Update - 3D Chip and Memory Patent Entry into National Phase in Republic of Korea

Rhea-AI Summary

GBT Technologies Inc. (GTCH) announced its PCT application has entered the National Phase in South Korea, receiving the number 10-2021-7008024. This marks the completion of the filing for international PCT protection in South Korea and Europe for its 3D Chip and Memory Patent, originally announced on March 4, 2021. The company focuses on advancing technologies in IoT and AI while building a robust intellectual property portfolio, with aims to commercialize innovations within smart microchips and mobile technology.

Positive

• Completion of PCT application for 3D Chip and Memory Patent in South Korea, enhancing international protection.
• Strengthening of GBT's intellectual property portfolio.

Negative

• None.

SAN DIEGO, March 19, 2021 (GLOBE NEWSWIRE) -- GBT Technologies Inc. (OTC PINK: GTCH) ("GBT” or the “Company”), is pleased to report a continuation to its prior releases - www.otcmarkets.com/stock/GTCH/news/story?e&id=1829166 and www.otcmarkets.com/stock/GTCH/news/story?e&id=1840566 that the above-mentioned PCT application has entered into National Phase in Republic of Korea - Korean Patent Application No. 10-2021-7008024; Applicant (s): GBT Technologies Inc; PCT Application No. PCT/US2019/050266 on March 17, 2021. The application has been allocated the number 10-2021-7008024.

This completes the filing for International PCT Protection in South Korea and Europe for its 3D Chip and Memory Patent as announced in March 4, 2021.

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 significance of GTCH's PCT application entering the National Phase in South Korea?

GTCH's PCT application entering the National Phase signifies the completion of international patent protection for its 3D Chip and Memory technology, which can strengthen its market position.

When was the PCT application for GTCH announced?

The PCT application for GTCH was first announced on March 4, 2021.

What is the patent number for GTCH's application in South Korea?

The patent number for GTCH's application in South Korea is 10-2021-7008024.

How does GTCH aim to commercialize its technologies?

GTCH aims to commercialize its technologies by licensing its intellectual property to partners in hardware and software sectors.

What technologies does GTCH focus on developing?

GTCH focuses on developing technologies in IoT, AI, smart microchips, and mobile platforms.