#Mining in the News - Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) Prices of Chinese Rare Earths are Soaring; @DefenseMetals #REE

#Mining in the News - Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) Prices of Chinese Rare Earths are Soaring; @DefenseMetals #REE

 

Vancouver, British Columbia – December 8, 2020 Investorideas.com Newswire – Rare earth sector alert for -Defense Metals Corp. (TSX-V: DEFN / OTCQB: DFMTF / FSE: 35D)- Prices of Chinese Rare Earths Are Soaring.

 

Read this news featuring DEFN.V in full at https://www.investorideas.com/news/2020/mining/12081Defense-Metals-Chinese-Rare-Earths.asp

 

Sector News: Prices of Chinese Rare Earths Are Soaring

 

Oil.com reports:  BMO Capital Markets says that a surge in the price of Chinese rare earth metals in November is a reflection of the geopolitical tensions between that country and the developed world. Commenting on the sudden price gains in a research note, BMO’s commodity analyst Colin Hamilton also said that as nations around the world consider self-sufficiency in rare earths and other critical minerals, while also enacting more trade restrictions and economic protectionism, the market “is set for long-lasting transformation over the coming years, one that we believe will likely lead to a gradual erosion of Chinese dominance in processing capacity.”

 

November saw the prices of all major Chinese-sourced rare earths spike, but especially those used in magnets. In particular, the research note mentioned neodymium, which is the most common rare earth used in making magnets, which rose by 27% since early in November, up over 50% year to date. Several other key rare earths also increased in value last month, including dysprosium (+17%), gadolinium (+9%) and terbium (+27%).

 

Another factor in the price surge is a new law that came into force in China on December 1, Hamilton noted. Known as the Export Control Law, it creates new regulations that give the government more control over such exports as technology and rare earths.

 

“Market participants are increasingly of the view that the introduction of the new law will lead to a restriction of rare earth-based exports from China to key partners including the U.S., on the pretext that it is safeguarding its national security,” Hamilton stated.

 

Though exports of Chinese rare earth metals have been decreasing in recent years, Hamilton’s report pointed out that rare earth-based magnet exports have actually been trending up because of increased global demand, including by the U.S. In anticipation of concerns that the Chinese government could use the new law to further curtail exports, “key customers in the U.S. (or perhaps the State Reserve) have seemingly been buying up as much material as possible, with U.S. rare earth magnet imports reaching 480 tonnes in September, the highest monthly total since 2016.”

 

Original Source: https://oilprice.com/Metals/Commodities/Prices-Of-Chinese-Rare-Earths-Are-Soaring.html

 

Recent Company News: December 2, 2020 

Defense Metals Appoints Jamie Spratt as Strategic Advisor

 

Defense Metals Corp. (“Defense Metals”) (TSX-V:DEFN / OTCQB:DFMTF/ 35D: FSE) is pleased to announce the appointment of Mr. Jamie Spratt as a Strategic Advisor to the Company.

 

Mr. Spratt is Principal at Walmsley Capital Inc., a focused mining corporate finance and advisory business that he founded in 2019. Over the past 14 years, Jamie has developed extensive mining capital markets and investment sector experience. He has built a strong reputation as an analyst and advisor having built deep partnerships with mining CEOs and institutional investors. Jamie was a Partner and Equity Research Analyst at Clarus Securities Inc., a small and mid capitalization focused boutique investment bank for 10 years, where he was instrumental in building one of the leading mining practices in Canada.

 

Full news: https://ca.finance.yahoo.com/news/winners-announced-19th-annual-dgc-130000286.html

 

About Defense Metals Corp. https://defensemetals.com/

Defense Metals Corp. is a mineral exploration company focused on the acquisition of mineral deposits containing metals and elements commonly used in the electric power market, military, national security and the production of “GREEN” energy technologies, such as, high strength alloys and rare earth magnets. Defense Metals has an option to acquire 100% of the 1,708 hectare Wicheeda Rare Earth Element Property located near Prince George, British Columbia, Canada. Defense Metals Corp. trades in Canada under the symbol “DEFN” on the TSX Venture Exchange, in the United States, under “DFMTF” on the OTCQB and in Germany on the Frankfurt Exchange under “35D”.

 

For further information, please contact:

Todd Hanas, Bluesky Corporate Communications Ltd.

Vice President, Investor Relations

Tel: (778) 994 8072

Email: todd@blueskycorp.ca

 

Forward Looking Information

 

This news release contains “forward‐looking information or statements” within the meaning of applicable securities laws, which may include, without limitation, statements relating to finding partnerships, securing potential offtake agreements, and other business opportunities, the technical, financial and business prospects of the Company, its project and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of rare earth elements, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including those filed under the Company’s profile on SEDAR at www.sedar.com. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather conditions, failure to maintain all necessary government permits, approvals and authorizations, failure to maintain community acceptance (including First Nations), decrease in the price of rare earth elements, the impact of Covid-19 or other viruses and diseases on the Company’s ability to operate increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.

 

Paid News -Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Disclosure: this news release featuring Defense Metals Corp. is a paid for service on Investorideas.com ($750) more disclaimer info:

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 Rare Earth #Mining Media Alert for Defense Metals (TSXV: $DEFN.V) (OTCQB: $DFMTF)-#RareEarthElements ( #REE)  Set to Take Centre Stage; @DefenseMetals

 

 

Vancouver, British Columbia – Investorideas.com Newswire –Media alert for Defense Metals Corp. (TSX-V: DEFN / OTCQB: DFMTF / FSE: 35D).The company was featured in the following article and interview:

 

Read this news, featuring DEFN in full at https://www.investorideas.com/news/2020/mining/12082DEFN-Rare-Earth-Elements.asp

 

Full article and Original source  
https://stockhouse.com/opinion/interviews/2020/12/08/rare-earth-elements-set-to-take-centre-stage

 

Oliver Gray, The Market Herald

 

When it comes to the lucrative world of mining, the long-standing stars of the show are gold and silver – particularly this year with a pandemic-driven spike in gold prices to an all-time high of more than US$2,000 per ounce.

 

But one sector, which to date has garnered little mainstream attention, is starting to make some noise.

 

Rare earths, according to geologists, are not necessarily rare but precious, particularly for their use in military, technological and electric vehicle applications.

 

North America had previously been a champion of the industry, with some of the world’s largest players, but production gradually shifted to China in the early 2000s.

 

It began in 1997 when Magniquench was sold to an investment consortium spearheaded by Archibald Cox, Jr. – the son of the Watergate prosecutor by the same name – with two Chinese state-owned metals companies, San Huan New Materials and China National Nonferrous Metals Import and Export Company. Inevitably, Magniquench was shut down in the United States and moved to China, re-opening there in 2003.

 

Molycorp was then left as the last remaining rare earths producer of any significant scale, but ultimately collapsed in 2015.

 

Since then, China – with its low labour costs, less concern for environmental impacts and generous state subsidies – has grown to account for 97 per cent of global production.

 

But, with a global shift away Chinese dependence, there appears to be a greater emphasis on the return of the rare earths industry to North America.

 

At the start of October, Ellen Lord, Under Secretary of Defense for Acquisition and Sustainment, gave a testimony to the Senate Armed Services Subcommittee on Readiness and Management Support:

 

“A U.S. rare earth mineral strategy should … consist of national stockpiles of certain rare earth elements, re-establishing rare earth mineral processing in the U.S. by implementing new incentives and removing disincentives, and [research and development] around new forms of clean rare earth mineral processing and substitutes. We will need your help,” she said.

 

The next day, U.S. President Donald Trump signed an executive order declaring a national emergency in the mining industry, with a view to “incentivising the domestic production of rare earth minerals critical for military technologies while reducing American dependence on China.”

 

Before that, Nevada-based MP Minerals – owner of the Mountain Pass rare earths mine in California’s Mojave desert, the largest rare earth project in North America – signed a deal in July this year to list on the New York Stock Exchange through a $1.5 billion merger with Fortress Value Acquisition Corp. That deal has now been approved by Shareholders.

 

So, what does all this mean for Canada’s rare earth sector?

 

If you’re Defense Metals (TSXV:DEFN, OTC:DFMTF, FRA:35D, Forum), it means a great deal. The Vancouver-based company owns the Wicheeda Project, located roughly 80 kilometres northeast of Prince George British Columbia, which bears many of the same characteristics as the prolific Mountain Pass mine[1].

 

A 30-tonne bulk sample from the project was sent to SGS Canada in Lakefield, Ontario, for metallurgical and processing test work, which returned a pilot plant concentrate grade averaging 51.6% LREO (Light Rare Earth Oxide) and an average recovery of 77.3%[2]. These results, which were published in September 2020, put among a select group of rare earth deposits capable of producing a greater than 50% LREO flotation concentrate, including Mountain Pass which boasts a concentrate grade of 60%[3].

 

In addition to a world-class rare earth deposit, Defense Metals has the benefit of an experienced leadership team led by President and CEO Craig Taylor, which includes Alex Knox – an advisor to the company – who previously had a hand in exploration and development activities at the aforementioned Molycorp.

 

We spoke to Craig to see what the impending return of North American rare earth production means for the Defense Metals and for the broader industry itself.

 

Thanks for taking the time to speak with us today, perhaps you could give us a brief introduction to Defense Metals and its operations?

 

Sure, and thanks for having me Oliver, first off, Rare earth isn’t rare, but being able extract it from the rock and have the infrastructure to deliver a viable product is extremely RARE! Through its recently updated NI 43-101 mineral resource estimate, Defense Metals has shown that the Wicheeda REE Deposit exhibits reasonable prospects for future economic extraction, while large-scale floatation pilot plant metallurgical testing demonstrates our ability to produce a potentially saleable high-grade REE mineral concentrate with options for continued refining and separation to purified rare earth oxide product.

 

Our deposit is located 70 kilometres north of Prince George BC, Canada, a highly skilled mining hub city. The infrastructure is spectacular. We have amazing road access, electricity, water, and CN Rail only 30 Kilometres away! So that's what separates us from the rest of the crowd in the rare earth space. Moving towards completing our Preliminary Economic Assessment (PEA) we expect Wicheeda’s favourable location will have a positive impact on our capex, relative the majority of other Canadian REE projects that are typically located far from existing infrastructure. We are a primary NdPr (neodymium-praseodymium) deposit, which are critical elements in lightweight high-strength permanent magnets used in the green energy, EV and military / national security markets, which are growing due to the anticipated widespread adoption of EV’s, and as trade wars continue to escalate between China and the US/ Canada, Japan, Europe, and Australia.

 

The results from the Wicheeda Project’s 30-tonne bulk sample put the deposit up there with some of the world’s most promising – what does this potential mean for the long-term path of the project?

 

We are extremely happy with the results of bench scale hydrometallurgical and flotation pilot-scale testing of our bulk sample. First and foremost, we have shown the ability to produce a very high-grade >50% rare earth mineral concentrate, which is something many other Canadian REE projects struggle to achieve. The downstream hydrometallurgical process is expected to benefit significantly from this quality of flotation concentrate grade. We have already seen the benefits in our bench scale hydrometallurgical test work which achieved 90% REE recoveries from concentrate[4].

 

Since those results were published, the Wicheeda Project has been the focus of additional exploration activities. Has that changed the outlook for the project at all?

 

Click to enlargeThe fall 2019 drill program was perfect, something I’ve never seen, a 13 for 13 drill program with mineralization in every hole and significant expansion potential to the north remaining. The 2020 indicated mineral resources of 4,890,000 tonnes averaging 3.02% LREO (Light Rare Earth Elements), and inferred resources of 12,100,000 tonnes averaging 2.90% LREO; represented a 49% increase in overall tonnage and 30% increase in overall average grade, compared to the maiden 2019 resource estimate[5]. Our updated resource estimate and the results of subsequent internal scoping studies have given us the confidence to pursue a PEA, which we hope to release by end of Q1, 2021. Looking ahead to future project development we also initiated baseline environmental monitoring in anticipation of future project applications.

 

With a recently completed financing, Defense Metals is working towards the completion of a preliminary economic assessment for the Wicheeda Project. How will that change the development of the deposit?

 

Oliver, we are quite excited about moving towards completion of a PEA as we are finally going to be able to put a value to the company, not just our market cap. With Neodymium and Praseodymium prices increasing steadily of the last 6 months, we are expecting extremely positive results. We are targeting as a base-case a potential 15 year mine life at 2 million-tonne/year throughput. Let’s not forget our deposit remains open to expansion to the north, therefore step-out and infill drilling presents opportunities to increase the size of and confidence in our deposit moving forward.

 

In late August, the Government of Saskatchewan unveiled $31 million in funding for a rare earth element processing facility, how does that benefit Defense Metals?

 

For Canada and Saskatchewan this a first ever opportunity for Canada to start processing REE’s and compete with China and increase North America’s need for critical minerals and reduce our reliance on China.

 

What does a NYSE listing like that of MP Minerals’ mean for the North American rare earth sector?

 

Great question. MP Materials, 1.4 Billion valuation and listing has been a huge lift for the entire REE market. Essentially creating a barometer for REE interest. Large smart money has taken MP material to numerous all-time highs from their recent listing last week. If you’re interested look at our DEFN news dated November 16th, 2020, Defense Metals Applauds Planned Advancement of North American REE Supply Chain with Fortress-MP Materials Merger.

 

Has the increasing focus on North American production changed Defense Metals’ strategy in any way?

 

Yes, this new focus really moves us up the ladder, we believe access to infrastructure, high grades, and favourable metallurgical test results places the Wicheeda REE Deposit no.1 in Canada and top 3 in North America.

 

Thanks again for your time, is there anything you’d like to add before we finish?

 

Do your due diligence, the facts will speak for themselves, we are extremely under-valued, now is the time to invest in DEFN, thanks Oliver.

 

About Defense Metals Corp. https://defensemetals.com/

Defense Metals Corp. is a mineral exploration company focused on the acquisition of mineral deposits containing metals and elements commonly used in the electric power market, military, national security and the production of “GREEN” energy technologies, such as, high strength alloys and rare earth magnets. Defense Metals has an option to acquire 100% of the 1,708 hectare Wicheeda Rare Earth Element Property located near Prince George, British Columbia, Canada. Defense Metals Corp. trades in Canada under the symbol “DEFN” on the TSX Venture Exchange, in the United States, under “DFMTF” on the OTCQB and in Germany on the Frankfurt Exchange under “35D”.

 

For further information, please contact:

Todd Hanas, Bluesky Corporate Communications Ltd.

Vice President, Investor Relations

Tel: (778) 994 8072

Email: todd@blueskycorp.ca

 

Forward Looking Information

This news release contains “forward‐looking information or statements” within the meaning of applicable securities laws, which may include, without limitation, statements relating to finding partnerships, securing potential offtake agreements, and other business opportunities, the technical, financial and business prospects of the Company, its project and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of rare earth elements, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including those filed under the Company’s profile on SEDAR at www.sedar.com. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather conditions, failure to maintain all necessary government permits, approvals and authorizations, failure to maintain community acceptance (including First Nations), decrease in the price of rare earth elements, the impact of Covid-19 or other viruses and diseases on the Company’s ability to operate increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.

 

Paid News -Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Disclosure: this news release featuring Defense Metals Corp. is a paid for service on Investorideas.com ($750) more disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

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Breaking #Solar #Stock News-Solar Integrated Roofing (OTC: $SIRC) Signs Agreement with Applicant of $500,000,000 USTDA Grant; @SIRCStock

Breaking #Solar #Stock News-Solar Integrated Roofing (OTC: $SIRC) Signs Agreement with Applicant of $500,000,000 USTDA Grant; @SIRCStock

 

Solectrac, Inc., to Supply Solar Panels and Related Equipment and Installation

 

Agreement includes supplying new and existing Solectrac clients and grant projects

 

EL CAJON, Calif., December 8, 2020-Breaking  renewable energy stock news from Investorideas.com Newswire and RenewableEnergyStocks.com  - Solar Integrated Roofing Corp. (OTC: SIRC), an integrated, single-source solar power, HVAC and roofing systems installation company, today announces the signing of an agreement with Solectrac, Inc, an electric tractor developer and manufacturer located in Northern California and an applicant for a $500,000,000 USTDA grant.

 

Read this news, featuring SIRC in full at https://www.investorideas.com/news/2020/renewable-energy/12081SIRC-USTDA-Grant.asp

 

Solar Integrated Roofing will provide solar panels, electric storage and other power devices along with installation services to Solectrac’s existing customers and grant projects where applicable. This agreement also includes future clients’ customers and grants.

 

The $75B global agricultural tractor market is largely supplied by diesel powered equipment. The continual global demand to reduce pollution with sustainable electric vehicles has propelled the electric powered tractor market to the forefront of agricultural development, efficiency and sales. Solectrac already has a 30 HP-equivalent compact electric tractor (CET) and a 40 HP-equivalent eUtility in the largest segment, the under 40 HP category, and is developing a 70 HP-equivalent utility model and a 40 HP row crop model, further expanding their market opportunities.

 

“The growth in the global agricultural market for alternative powered tractors is growing exponentially as can be seen just by the increased interest in our products. Signing an agreement with Solar Integrated Roofing provides us with a sustainable, efficient and off-grid electrical system to power our tractors. We’ll now be able to supply complete systems across the globe, regardless of the power grid connectivity or lack thereof, while reducing the equipment costs for our clients,'' commented Steve Heckeroth, CEO of Solectrac, Inc.

 

“Our highly developed, near turnkey level, product and services are perfectly suited for expansion into the agricultural equipment market and brings new opportunities for us to rapidly move into the under-served rural farming communities throughout the U.S. Solectrac has shown top of the line sustainable equipment with reduced downtime, maintenance and fuel costs. Melding our solar technology with Solectrac’s farming equipment will bring significant growth and benefit to this multi-billion-dollar industry. We look forward to working closely with Solectrac, bringing much needed efficiency and savings to the strained agricultural markets,” said David Massey, Chief Executive Officer of Solar Integrated Roofing Corporation.

 

About Solectrac

Solectrac, Inc., a California Benefit Corporation and a certified B Corporation, located in Northern California, has developed 100% battery powered, all electric tractors for agriculture and utility operations. Solectrac tractors provide an opportunity for farmers around the world to power their tractors by using the sun, wind, and other clean renewable sources of energy. The company's mission is to offer farmers independence from the pollution, infrastructure, and price volatility associated with fossil fuels.

 

Ideanomics (NASDAQ: IDEX) is a 24% owner with $2.6 M of investment as of last month. More information on Ideanomics can be found on their website: https://ideanomics.com/. A recent write-up from Indeanomics and Solectrac on electric tractors: https://ideanomics.com/wp-content/uploads/2020/11/Solectrac_11_11_2020.pdf

 

USTDA - The U.S. Trade and Development Agency is an independent agency of the United States government, formed in 1992 to advance economic development and U.S. commercial interests in developing and middle-income countries.

 

About Solar Integrated Roofing Corp.

Solar Integrated Roofing Corporation (OTC: SIRC), is an integrated, single-source solar power and roofing systems installation company specializing in commercial and residential properties in the Southern California market. For more information, please visit the Company’s website at www.solarintegratedroofingcorp.com.

 

Forward-Looking Statements

Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company’s operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company’s dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update the information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.

 

Investor Relations Contact:

Lucas A. Zimmerman

Senior Vice President

MZ North America

Main: 949-259-4987

SIRC@mzgroup.us

www.mzgroup.us

 

Paid News -Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Disclosure : this news release featuring SIRC is a paid for news release on Investorideas.com  More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

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#AI #Stock News UPDATE: GBT (OTCPINK: $GTCH) Filed Non-Provisional Patent Seeking to Protection A New Approach to the Arithmetic Logic Unit Microchip; @GbtTechnologies #artificialintelligence

#AI #Stock News UPDATE: GBT (OTCPINK: $GTCH) Filed Non-Provisional Patent Seeking to Protection A New Approach to the Arithmetic Logic Unit Microchip; @GbtTechnologies #artificialintelligence

 

Approach Aims to Speed up Computing System's Performance

 

SAN DIEGO - December 8, 2020 (Investorideas.com Newswire) GBT Technologies Inc. (OTCPINK: GTCH) ("GBT", or the "Company"), announced that on December 2, 2020 it filed a non-provisional patent with the United States Patent and Trademark Office ("USPTO") seeking to protect certain intellectual property covering a new approach of Arithmetic Logic Unit ("ALU") microchip. The USPTO assigned application number 17109889.

 

Read this news featuring GTCH in full at https://www.investorideas.com/CO/GOPH/news/2020/12081Arithmetic-Logic-Unit.asp

 

The microchip is targeted to perform mathematical and logical operations based on a new method. Inside a computer, there is a microprocessor integrated circuit (IC), called CPU (Central Processing Unit). The CPU is the primary IC of a computer, commonly referred to as the brain of a computer. Its task is to process instructions in order to run programs. It runs the computer's operating system or OS (for example: Linux) and other computer programs. The CPU receives input from the user or programs, processes the data and produces an output. The output can be displayed on a screen or stored in mediums like memory and hard drives. Within the CPU, typically there is an ALU, which performs arithmetic and logical operations. In a way, the ALU is the "calculator" part within the computer. The CPU chip transfers numbers from a memory into the ALU for calculation and the results are sent back to the memory. An ALU is typically designed to calculate many different operations and the entire computer system's speed depends on its capability to execute arithmetic and logic operations. When the operations become more complex, ALUs have to become more advanced and powerful to ensure the performance of the entire system. In some processors, the ALU is divided into two units, an arithmetic unit (AU) and a logic unit (LU).

 

In order to achieve faster performance some processors contain more than one ALU. An example of this is an ALU for fixed-point operations and another included for floating-point operations. The ALU is a critical block within the CPU since the entire computer system's performance depends on the performance of the Arithmetic/Logic operations. Modern CPUs have multiple ALUs with a capability for applying multi-processing operations in order to increase their throughput. GBT's patent application seeks to cover a new ALU system and method with the goal of increasing the speed of instruction handling, arithmetic and logic computing processes. GBT believes that using multi-ALUs will increase CPU performance and in turn potentially lead to new, powerful computing systems and architectures. The presented concept includes new architecture circuitries and data flow to be executed in a specific way with the goal of achieving higher processing speed. The patent application covers ALU instructions that can be executed individually and/or in parallel.

 

"Our computing world is in a constant need for performance growth and vast engineering efforts are made in order to enable faster computing systems. Microchip technology, which directly dominates computing power, affects nearly every aspect of our lives, including medicine, communication, security and business interactions. We are witnessing constant advancements in the IC arena that lead to extraordinary increase in computer performance. Microprocessor companies are in a constant race to design multi-core CPUs in order to provide faster computing power for the constant demand. But we need to think further. We need to push the limits into new paradigms in order to achieve a major leap in computing power, given the fact that we are still limited by the physical restrictions of electrons moving through matter," stated Danny Rittman, GBT's Chief Technology Officer. "Since arithmetic and logic operations within microprocessors are the crucial factors for speed, we developed a new approach to the ALU. This new system and method introduce a different circuitry and machine language (Flow) with the goal of performing a much faster computation in an efficient algorithm, without any change in the computer hardware. We are seeking to introduce a different approach in the basic ALU calculations handling, that offers a possible way to make computers faster through parallel processing and pre-computation instructions execution, in order to achieve higher computing efficiency. We are taking into account the basic, traditional ALUs design concepts and changing them into out-of-the-box methodologies, so we can devise new kinds of arithmetic/logic operations that we believe are more efficient for computations. We are aiming to break the ultimate limitations of our traditional, decimal/binary approach within ALU by introducing new calculation methods. In order to keep up with the growing demand for high performance computing, hardware engineers are looking to alternatives like Graphics Processing Units (GPUs) and Tensor Processing Units (TPUs) which are mainly based on parallel computing to execute more instructions at once rather than do basic operations faster. As Moore's Law is fading away, high performance computing will require a conceptual shift. As part of our R&D constant efforts to find new methods to improve our computing world, especially for advanced machine learning algorithms, we are seeking to develop new ideas with the goal of enabling high performance Arithmetic/Logic processing. The patent application seeks to protect a system and method. In parallel to filing the patent application, we plan to design an experimental, proof-of-concept microchip and test its performance against traditional ALUs."

 

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.
Media: press@gopherprotocol.com

 

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