GBT IP Technology Portfolio and Other Updates

SANTA MONICA, Calif., Aug. 22, 2023 (GLOBE NEWSWIRE) -- GBT Technologies Inc. (OTC PINK: GTCH ) ("GBT” or the “Company”), is pleased to provide an update with respect to its intellectual property portfolio (“IP”), vested under GBT Tokenize Corp., GBT’s 50% subsidiary (“Tokenize”), and other news.

As disclosed before, through Tokenize, the Company entered into two transactions selling certain IP to third parties. As a company with a considerable IP portfolio, developing technology platforms takes considerable effort, the Company is continuing to focus on its core competency of Research & Development (“R&D”) through the self-developing of a targeted technology IP portfolio combining patents, trade secrets and prototypes.

GBT, through Tokenize, now holds 18 patents and has 26 pending submissions within the following domains: asset tracking, 3-D MP Microchip Design (semiconductors), EDA software-tools, ID, cyber security, pattern recognition, tele-health, health, AI, Avant! -AI (Via Avant Technologies, Inc - OTC QB: AVAI), computer vision systems, IoT, mesh networks and radio networks. The Company will continue to focus on delivering a steady stream of new IP and fresh new ideas, with the goal of creating high value technology patents since it switched to an IP business model three years ago.

GBT 3^rd Q 2023 Highlights:

• 20% overall IP Portfolio growth in the first two Qs 2033 delivering a steady stream of patents.
• GBT 2^nd Quarter financials LINK
• Purchase agreement AVIA LINK
• Purchase agreement BNIX LINK

“With two signed purchase agreements this year we have now laid the groundwork proving that the company can generate attractive IP for current technology markets and companies. I personally maintain that our unique IP Strategy with the goal of building shareholder value has the potential for creating value faster than older traditional ways. Creating, selling and licensing IP is a long-complicated process but patents create long term opportunities, value, and IP security for large and small companies. Our latest patents with Magic2 EDA software and the 3-D chip have reached a more mature protection level and we believe we can finally safely engage with partners trying to create the next generation of microchips. We are excited to finally be presenting these technologies to potential partners,” provided Mansour Khatib, CEO of GBT.