SANTA MONICA, Calif., April 6, 2023 (GLOBE NEWSWIRE) — GBT Technologies Inc. (OTC PINK: GTCH) (“GBT” or the “Company”) today announced that GBT Tokenize Corp. (“Seller”) A 50% owned subsidiary of the Company has entered into an Asset Purchase Agreement (“APA”) with Trend Innovation Holdings (“TREN”) and, with the consent of GBT, the Seller will sell certain assets related to its ownership interest. bottom. The system and method named Avant! Ai is a text-generating, deep learning self-training model (the “system”).
Aban! AI™ is designed to provide natural language interfaces for businesses and consumers to interact with their devices and systems. This technology uses machine learning and natural language processing (NLP) to interpret and respond to user requests.
TREN, Seller and GBT enter into a license agreement for the System, granting Seller and/or Company a perpetual, irrevocable, non-exclusive, non-transferable license to use the System for their own development. increase. A HOUSE TOOL AND SELLER/COMPANY MAY NOT SUBLICENSE ANY RIGHTS UNDER THIS AGREEMENT TO A CUSTOMER OR CLIENT.
GBT continues to focus on its core competency of research and development (“R&D”) of a portfolio of subject technology IPs combining patents, trade secrets and prototypes. Therefore, the company will technically support TREN in the implementation of the system, with the goal of enhancing other technical platforms owned by TREN.
We will provide the latest information on our IP technology portfolio in a separate press release.
“I’m selling Avant! Providing AI to third parties and retaining licenses for internal purposes reinforces and encourages our belief that we can establish ourselves as an IP company,” said Mansour Khatib, CEO of our company. I’m here.
about us
GBT Technologies, Inc. (OTC PINK: GTCH) (“GBT”) (http://gbtti.com) is a development-stage company that prides itself on being native to the Internet of Things (IoT), Artificial Intelligence (AI), and Enabled Mobile Technology Platforms used to improve the performance of ICs. GBT has assembled a team with extensive technical expertise and built an intellectual property portfolio consisting of many patents. GBT’s mission is to license technology and IP to synergistic partners in hardware and software. Once commercialized, have cloud software (no GPS needed) to track and support a suite of products including smart microchips, AI, cryptography, blockchain, IC design, mobile security applications, and database management protocols. is the goal of GBT. GBT envisions this system as creating a global mesh network with advanced nodes and ultra-high performance new generation IC technology. At the core of the system is advanced microchip technology. Technology that can be installed on any mobile or fixed device in the world. GBT’s vision is to create this system as a low-cost, secure, private mesh network between all enabled devices. Therefore, we use these enhanced mobile features as an alternative to traditional carrier services while providing shared processing, advanced mobile database management and sharing.
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 statements that do not directly relate to historical or current facts. Actual results are available on the Securities and Exchange Commission website (http://www.sec.gov). These factors, in addition to actual future performance, results and outcomes, may depend on general industry and market conditions and growth rates, economic conditions, changes in government and public policy, the company’s ability to raise funds, our products to invest in the successful development, integration into existing products and commercial acceptance of our products on acceptable terms; The forward-looking statements contained in this press release represent our views as of the date of this press release, and these views are subject to change. However, although we may choose to update these forward-looking statements at some point in the future, we expressly disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing our views on any date after the date of our press release.
contact:
Mansur Khatib, CEO
press@gopherprotocol.com
