Send PM
Followers 472
Posts 30026
Boards Moderated 9
Alias Born 02/28/2013

Re: Count Crypto post# 13311

Thursday, 08/04/2022 8:05:16 AM

Thursday, August 04, 2022 8:05:16 AM

Post# of 14080
SAN DIEGO, Aug. 04, 2022 (GLOBE NEWSWIRE) -- GBT Technologies Inc. (OTC: GTCH ) (the “Company”), a technology company focused on developing a portfolio of Intellectual Property targeted on integrated circuits design automation, IoT (Internet of Things), mesh radio technology and Artificial Intelligence (AI), today announced that on August 1, 2022, the Company and GTX Corp (OTC: GTXO) (“GTX”), a pioneer in the fields of health & safety GPS wearables, human & asset tracking systems, and personal protective medical equipment supplies, entered into a second Letter of Intent (“LOI”) (the initial LOI was signed on June 10, 2021). The second LOI establishes a mutual path to evaluate the viability and market size of the Company’s Intellectual Property (IP) with the goal of the parties to enter a worldwide exclusive licensing agreement for GTX to manufacture, sell and distribute GBT’s products. The main focus is aimed on the qTerm – an AI driven, human vital sign device ( https://qterm.me ).
“We believe this proposed relationship with GTX can improve our go to market efforts for our qTerm device particularly as it is our first fully developed commercial release. GTX’s proven extensive global reach, experience in getting innovative products to market, and deep understanding of our technologies, were critical factors in our decision to enter into this letter of intent, which potentially may lead into a formal license agreement.” stated the Company’s Chief Technology Officer, Danny Rittman.

Patrick Bertagna, GTX Chief Executive Officer, stated, “My team and I are excited to have the opportunity to expand our product line and capabilities with GBT’s qTerm as well as exploring other products in the GBT portfolio. I believe that qTerm, an intelligent, human vital sign monitoring device, has the capability to enhance our existing offerings to our global customers and distribution partners.”

Any relationship between the parties as contemplated by the LOI is subject to the parties, finalizing due diligence, and entering into a material definitive agreement approved by each parties Board of Directors on or before December 31 st 2022.

“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”


Warren Buffett


Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
Recent GTCH News

FEATURED New Break Identifies High-Grade Gold, up to 70.60 g/t Au, via Grab Sampling at Moray Sep 29, 2022 10:29 AM

FEATURED Rising Star Trillion Energy Ready to Supply Much Needed European Gas Sep 29, 2022 8:00 AM

FEATURED Goldshore Intersects 192.75m @ 1.02 g/t Au from 94.45m depth in MMD-22-051 Sep 29, 2022 7:30 AM

FEATURED SFLMaven Plans for New Potential Revenue from Patent Pending HolgoGlow Technology for the Metaverse Sep 29, 2022 6:30 AM

FEATURED Ludwig's genomic-based mRNA Inflammatory Index - a Ground-Breaking Technology Sep 28, 2022 1:34 PM

ILUS Confirms Share Lock-Up Opportunity ILUS Sep 29, 2022 1:25 PM

ILUS Appoints Investment Bank to Assist With Up-List and Associated Acquisitions ILUS Sep 29, 2022 11:22 AM

Arts & Collectibles DOT Company Coinllectibles Seeing a Very Bright Future with Revenue jumping by 100% to US$8.8 Million in First Half of 2022 as compared to The Year Before COSG Sep 29, 2022 8:44 AM

GBT is researching the Development of Electro-Thermal Aware Design Environment for Integrated Circuits.Seeking to Address Advanced Nanometer Nodes Semiconductors Electro-Thermal Modeling and Optimization. GTCH Sep 29, 2022 7:30 AM

Headwater Gold Commences Multi-Rig Drill Program at the Spring Peak Project, Nevada to Follow Up Epithermal Vein Discoveries HWAUF Sep 28, 2022 10:13 AM

Valiant Eagle Inc. (OTC: PSRU) Significantly Increases Its Equity Stake in Sumer Technologies, Inc., as the Ride-Sharing Company Readies Its Much Anticipated Innovative Zumr App For Q1 2023 U.S. Launch PSRU Sep 28, 2022 9:30 AM

Good Gaming Inc. Announces Official Launch Date For Their New Minecraft OP Prison Game Featuring MicroBuddiesTM GMER Sep 28, 2022 9:15 AM

Trend Innovations Holding Inc. Completes the Second Version of the AI Consultant Chatbot on the Company's Website TREN Sep 28, 2022 9:00 AM

GBT will be attending the Interactive MoneyShow Virtual Expo, on Sep 27-29, Presenting its Technologies, Innovations and Future Visions GTCH Sep 28, 2022 7:30 AM

Branded Legacy, Inc. Reduces Authorized Shares By 300 Million BLEG Sep 27, 2022 11:53 AM