#AI #Stock News: GBTs’ (OTCPK: $GTCH) Wireless Motion Detection Patent Application was Approved for Prioritized Examination; #artificialintelligence
The “Track 1”, prioritized examination goal is to provide a final disposition within twelve months of prioritized status being granted
Santa Monica, CA, January 18, 2022 -- (Investorideas.com Newswire) GBT Technologies Inc. (OTC PINK: GTCH) ("GBT” or the “Company”), wireless motion detection, nonprovisional patent application, was approved on January 2022 for prioritized examination by the United States Patent and Trademark Office (“USPTO”).
Read this in full at https://www.investorideas.com/CO/GOPH/news/2022/01181Wireless-Motion-Detection-Patent.asp
The Company expects its first USPTO’s office action within the next few months. Prioritized examination is a procedure for expedited review of a patent application. The USPTO’s goal for prioritized examination is to provide a final disposition within twelve months of this prioritized status being granted. The technology, which has assigned an internal code name “Apollo”, is currently under design with the goal of developing a real time movement and position detection system that is based on radio waves. The system will send radio waves within specific frequencies and analyze the reflected information using AI algorithm with the goal of identifying distinctive patterns to construct real time movements and positions. The goal of Apollo, which is currently under design, is to detect stationary and moving objects using a wireless computer vision system and in turn construct a 3D imaging through neural network algorithms. The goal is to operate within indoor/outdoor environments in all weather conditions. The technology is once developed planned to enable accurate 3D imaging of people and object’s motion and position within a covered area. Its range could theoretically be extended to cover large regions using repeaters and antenna arrays. GBT believes that the technology can be an innovative computer vision solution to be used for a wide variety of applications among them are autonomous vehicles, health watching and security systems. As a reminder, the Company filed a non-provisional patent application on September 10, 2021, serial number 17471213. As the Apollo system is currently under design, the Company will face a number of risks in fully developing the system as an initial prototype and then for ultimate commercialization. These risks include capital and human resource constraints among other risks. There is no guarantee that we will successfully develop the Apollo.
"We are excited to receive a prioritized examination status for our Apollo patent application, as we strongly believe that this type of technology can offer an innovative wireless solution within many domains. We believe the use of radio technology can enable efficient scan-and-detect capabilities and ultimately provide the ability to virtually enable a system to “see” through walls and other mediums. We intended to implement this technology within the Apollo project to equip it with high-resolution abilities to measure very small movement changes. We believe these types of capabilities can be efficiently used theoretically in wide variety of domains, for example, measuring human vitals at home, detecting vital abnormalities or falls. We believe another potential use is use as an efficient driver’s monitoring system, detecting impaired or distracted drivers, providing audible/visual alerts; and in extreme cases, taking over the vehicle to ensure safety. Apollo’s range is planned to be extended using repeaters which we believe could potentially make it an excellent solution performing as “eyes” for autonomous vehicles and added security for law enforcement and military applications. It is our goal to develop the Apollo system to use theoretically deep learning technology to enable rapid analysis of the reflected RF data, identifying living entities and objects, and constructing a computerized imaging in real time. As the system is currently under design, we consider the Apollo patent to be one of our major intellectual property assets and we are interested in expediting its application process so that we can start its commercialization” stated Danny Rittman, the Company’s CTO.
About Us
GBT Technologies, Inc. (OTC PINK: GTCH) (“GBT”) (http://gbtti.com) is a development stage company which considers itself a native of Internet of Things (IoT), Artificial Intelligence (AI) and Enabled Mobile Technology Platforms used to increase IC performance. GBT has assembled a team with extensive technology expertise and is building an intellectual property portfolio consisting of many patents. GBT’s mission, to license the technology and IP to synergetic partners in the areas of hardware and software. Once commercialized, it is GBT’s goal to have a suite of products including smart microchips, AI, encryption, Blockchain, IC design, mobile security applications, database management protocols, with tracking and supporting cloud software (without the need for GPS). GBT envisions this system as a creation of a global mesh network using advanced nodes and super performing new generation IC technology. The core of the system will be its advanced microchip technology; technology that can be installed in any mobile or fixed device worldwide. GBT’s vision is to produce this system as a low cost, secure, private-mesh-network between any and all enabled devices. Thus, providing shared processing, advanced mobile database management and sharing while using these 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 ( 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. There is no guarantee that the Company will be successful in implementing this system. In order to successfully implement this system – other than getting the patent approved by the USPTO, the Company will need to raise adequate capital to support its efforts; and if successful, obtain and develop an actual specific approval. The Company would also need to enter into a strategic relationship with a third party that has experience in manufacturing, selling and distributing this product. There is no guarantee that the Company will be successful in any or all of these critical steps. 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
press@gopherprotocol.com
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