SAN DIEGO, March 17, 2021 (GLOBE NEWSWIRE) — GBT Technologies Inc. ( OTC PINK:Â GTCH ) (“GBTâ€ or the â€œCompanyâ€), 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.Â 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.Â 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.
GBT Technologies, Inc. (OTC PINK: GTCH) (â€œGBTâ€) ( 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. GBTâ€™s mission, to license the technology and IP to synergetic partners in the areas of hardware and software. Once commercialized, it is GBTâ€™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. GBTâ€™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.
Certain statements contained in this press release may constitute “forward-looking statements”.Â 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 ).Â 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 Companyâ€™s ability to raise capital on acceptable terms, if at all, the Companyâ€™s successful development of its products and the integration into its existing products and the commercial acceptance of the Companyâ€™s products.Â 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.Â 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.Â 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.
Dr. Danny Rittman, CTO
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