GBT and BitSpeed Announce Joint Venture GBT BitSpeed Corp.
October 22 2019 - 6:00AM
GBT Technologies Inc. (OTC PINK: GTCH) ("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 for both mobile and fixed solutions, announced
that it has entered into a Joint Venture (“JV”) Agreement with
BitSpeed LLC (“BitSpeed”), a software development company located
in the Los Angeles area. The new JV will be called GBT BitSpeed
Corp.
BitSpeed (www.bitspeed.com) specializes in the
development, sale and maintenance of software which allows the
accelerated and secure transfer of large file data over existing
private or public networks. BitSpeed is currently partnered with a
major Cloud Platform (GCP) and has an agreement to supply its
software through GCP’s Partner Advantage program, where their
customers can buy certified solutions directly from GCP.
BitSpeed’s Concurrency application competes in
the Extreme File Transfer market, which is a subset of the larger
Managed File Transfer or MFT market. Per analyst Market Reports
World
(https://www.marketreportsworld.com/enquiry/request-sample/12905887):
“Managed file transfer is a type of software
that allows the transfer of files inside an organization or between
multiple organizations. This method is a fast, secure, reliable,
and a transparent way of exchanging files, with additional features
such as tracking and monitoring. As a result, one can discover the
loss of data from a specific point, and also receive an
acknowledgement after successful completion of a file transfer
process. With the advent of digitalization, companies are becoming
heavily dependent on the successful transmission of digital files
bearing critical information. Hence, this transmission should be
secure, reliable, and quick to run the business process smoothly in
real time. The demand for efficient and effective file transfer has
been increasing in the past few years.”
GBT BitSpeed Corp. is expected to assist with
the integration and development of BitSpeed’s technology into GBT’s
patented and patent-pending technology platform outlined in
previous announcements, highlighted by its GopherInsight, gNET
Wireless Mesh Network platform, and its Avant! AI management
system. As GBT’s gNET network data transfer needs grow in the
future, it is planned that a high-speed, secure layer of technology
could be added to facilitate movement of large file data
globally.
"Continuing with our strategic goal to launch
world-class products and software, GBT feels that this is another
great step in enhancing our offerings both through internal and
partner resources,” said Doug Davis, GBT’s Chief Executive Officer.
“We welcome our new partners from BitSpeed and look forward to our
cooperative development and business efforts in the future.”
"We are excited to partner with GBT in this
Joint Venture,” states Caron Caldwell, BitSpeed’s General Manager.
“As wireless mesh networks deploy globally, it will be important to
move large amounts of data quickly and safely, and we look forward
to helping GBT’s InSight platform achieve this.”
About GBT Technologies Inc.
GBT Technologies Inc. (OTC PINK: GOPH)
(“Gopher”) (http://gopherprotocol.com/) 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. Gopher has a portfolio of
Intellectual Property that, when commercialized, will include smart
microchips, mobile and security applications and protocols, and
supporting cloud software. Gopher’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. Gopher 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.
https://www.avant-ai.net
Forward-Looking
StatementsCertain 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 (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 :Doug Davis, CEO GBT Technologies Inc.Media:
press@gopherprotocol.com
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