GBT Announces 2 New Patent Updates

GBT’s Communication Patent Expected to be Granted on December 31, 2019

GBT's Continuation Patch Tracking Device Received an Allowance and is Expected to be Granted during Q1 2020

SAN DIEGO, Dec. 19, 2019 (GLOBE NEWSWIRE) -- GBT Technologies Inc. (OTC PINK: ) (“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™ wireless mesh network technology platform and its Avant! AI, for both mobile and fixed solutions, announced that the Company received a notice that GBT's communication microchip patent will be granted on December 31, 2019. The second patent of Guardian Patch Tracking Device (the Continuation Patch Tracking Device Patent), which protects a broader scope of the invention, received its final allowance and the Company expects it will be granted in February or March 2020.

GBT's communication microchip, “GopherInsight™” protects innovative integrated circuit technology that is targeted to be installed on IoT/mobile devices. The microchip is designed to create a private, secured network for sharing information, automatically adapting to the device's usage patterns. The system when implemented will be self-learning and self-evolving according to power consumption, data transfer, communications priority and network performance. GopherInsight’s Integrated Circuit (IC) connects with other GopherInsight ICs that are installed on other IoT/mobile devices worldwide, operating on its own private network, providing additional advanced features. The circuits and its associated systems have communications characteristics that are self-aware and self-adjust in real-time.

The comprehensive patent covers new concepts and methodologies that are applicable to several communications domains, among them mobile parallel processing, network database management, radio-based private secured communications networks, airplane mode and more. The microchip can be implemented on a device's main circuit board or on a micro SIM Card which opens a whole world of business possibilities. It also may be implemented as an integrated IP (Intellectual Property) unit on an existing Integrated Circuit. The patent will be registered as a U.S. Patent No. 10,521,614 on December 31, 2019.

The continuation application of the Guardian Patch patent protects enhancements and updates in order to maintain the technology's position as the world leader in this domain. The Guardian Patch is a communications device that is self-adhesive and can be attached onto any object in order to track it anywhere on earth. The Guardian Patch can track the object’s information in real-time, at any location in the world, be it indoors, outdoors, underwater or underground. The system can establish a location completely passively using its own radio technology. It could track exactly how many miles an object has moved, cities/towns visited, velocity of travel, how long the object was at a specific location, altitude and temperature as well as the object’s current movement in real-time. The system includes its own power source that is expected to last one year. The Company expects this second Guardian Patch patent to be granted in the United States in February or March 2020. An international continuation has been filed and in process.

“These two patents are an essential part of our technological IP within the communication/microchip fields and we are pleased to see them in their final approval stages,” stated Danny Rittman, GBT’s CTO. “The communication microchip patent will be granted on December 31, 2019 and protects a wide variety of technological concepts and methodologies implemented within an IC (Integrated Circuit). This microchip technology opens a whole world of business opportunities through licensing to IC design firms. The new capabilities offered with this invention is expected to enable design of high performance, low power, robust microchips that enhance our daily lives within wide variety of domains. We will file for a continuation patent in order to protect broader scope of the invention.”

“The Guardian Patch tracking device, which is the second patent in this release, protects a technology that is targeted for civilian use as well as for military/security applications. The broader continuation patent enhances the Patch tracking device features especially regarding its operating network, starting modes, SOS and other emergency features. The system enables a whole new definition of ‘real-time GEO location information and analytics’. Our technology is under constant ongoing research and development which require enhanced systems/methods protection broadening, in order to keep our position as one of the world's foremost innovators in these domains. That's is why we are making sure that our patents immediately move into continuation process after being granted. It will protect our ongoing intellectual property development in the US and internationally.”

About GBT Technologies Inc.

GBT Technologies Inc. (OTC PINK: GTCH) (“GBT”) () 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.

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 as a result of various important factors as disclosed in our filings with the Securities and Exchange Commission located at their website (). 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

GBT Technologies Inc.

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