GBT now holds 14 patents and has 25 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, computer vision systems, IoT, mesh networks, radio networks. The Company has been focused on delivering a steady stream of new IP with the goal of portfolio expansion and the development of new ideas and successful patents since it switched to an IP business model a bit over two years ago. In the first Q of 2023, GBT added another four approved patents to the growing IP.
With positive industry feedback, GBT will continue to focus on expanding the family of its various patents and concentrating on strategic potential partnerships with the goal of integrating these technologies into a broad marketplace, diversifying the risk within all these areas.
GBT 1Q 2023 Highlights:
12.5% IP Portfolio growth increase in the 1Q 2023
GBT filed its Annual Report for the year ended December 31, 2023
AVANT! AI(TM), the core AI system of GBT, was registered as a trademark to provide name and IP protection. The core technology will remain a trade secret but is now open for licensing to build specific applications or application skins. Press Release Trademark
The qTerm health device has been tested and with approval of the patent on May 2, 2023, the technology and hardware are ready to be licensed and manufactured by a 3rd party. Patent Announcement
GBT signed a binding LOI with Bannix Acquisition Corp for GBT's Apollo technology in conjunction with self-driving cars and public transport passenger safety. SEC Filing
GBT sold Avant! AI(TM) to Trend Innovation Holdings Inc. Press Release Tren
"We slightly improved our position in all areas of operation including cash, marketing, and profits, but ultimately still have a lot of work to do. We continue to believe that expanding and developing our own Technology IP Portfolio will lead to results. The successful placement of Avant! AI(TM) and Apollo this month is proof that there is a market for our current technology and that the strategy of developing an IP Portfolio and placement to increase shareholder value is working," says Mansour Khatib, CEO of GBT.
With regard to Apollo, Steven Lake, CEO of EVIE Autonomous Ltd, commented: "We are always seeking relevant technologies that can support our core mission, I appreciate the value Apollo adds to EVIE as a backup to our core AI and radar control sensors and understanding of our vehicle's location."
