GBT's
Mobile
Sharing Database Patent
–
Granted
San Diego, CA --
November 17, 2020 -- InvestorsHub NewsWire
-- GBT Technologies Inc.
(OTC
PINK: GTCH)
("GBT", or the "Company"), announced
as
continuance update to its press release from October 5, 2020,
that its
mobile
database sharing, non-provisional patent received its final grant
status and will be officially published on December
1, 2020
as a US patent #10,853,327. GBT Technologies, which
is a
company that specializes in Internet of Things (IoT) and Artificial
Intelligence enabled mobile technologies, filed for its mobile
database patent on October
9,
2018.
This patent is
targeted to create an advanced level of mobile database management
under secured communication protocol. It aims to significantly
increase database processing speed and security over networks.
Based on the invention described in the patent, it is believed that
mobile and IoT devices may be able to share/exchange huge amounts
of data through object segmentation/assembly techniques. The high
security feature is achieved by splitting data to numerous
segments, shared among many devices, and re-assembling them
according to indexed algorithms. The patent protects proprietary
algorithms and methods for storing and sharing the information of
database objects among networks like radio, cellular, WLAN, LAN
(Local Area Network), microchip's internal communication and the
Internet. GBT intends to
target
this invention for fast and highly secured database processing over
networks. By using this invention, GBT believes
that an additional network
security layer is created and potentially boosts its speed. This
method and system is designed to work with high and low speed
networks and in conjunction with GBT's granted Guardian Patch
patent with the goal of protecting global tracking devices enabling
additional security for its radio, wireless, and Internet networks.
GBT will file a continuation for this patent in order to
broaden its
protection
scope.
As a reminder, as
disclosed in the Company's Form 8-K Current Report filed March 2,
2020 and in subsequent filing with the Securities and Exchange
Commission, Discover Growth Fund, LLC ("Discover") has asserted
that it has sold all the Company's assets including the assets
discussed in this Press Release. The Company is pursuing various
legal remedies challenging Discover's position that is has
sold the Company's
assets of which there is no
guarantee the Company will be successful in such
challenge.
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 ( 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
GBT
Technologies Inc.