SAN DIEGO, Jan. 11, 2022 (GLOBE NEWSWIRE) -- GBT Technologies Inc. (
OTC PINK: GTCH) ("GBT” or the “Company”), is developing an Internet based system to potentially license its microchip analysis technology through a web portal interface.
Using a secured portal, fabless IC design firms will be able to license and use GBT’s IC analysis programs per demand. This system will potentially offer an affordable solution for small and medium integrated design companies that cannot afford mass licensing model costs. Typically, these types of software are licensed based on the number of users, and in case of large corporations via a site license model. This method may not be affordable to many small and medium size IC design firms. Establishing a per-demand, per-user license leasing feature may open new business opportunities for many IC design houses around the world.
GBT, upon completion of the portal, plans to offer a wide variety of IC analysis and verification programs within the fields of Design Rule Check, Reliability, Electrical Connectivity, and DFM (Design for Manufacturing). Once developed, the secured web portal will offer the option of analysis run on the customer’s machines or on GBT’s secured servers with the goal of correcting and/or improving the microchip’s characteristics and confirming the desired outcome. Corporations will be able to license GBT’s software tools per session and usage period; for example, per week, month or more. The licensing cost will be calculated according to usage time, number of users and the leased software tools. In the past decade the IC’s industry has experienced high demand for computer-aided-design (CAD), also called EDA (Electronic Design Automation), software tools as these become key aspects in transforming product’s definition and concepts into production-ready integrated circuits. GBT intends to make its technology available for all IC design firms sizes enabling them to achieve their goals and introduce their projects to market in an affordable manner.
“Large microchip design companies typically pay millions of dollars annually to license a complete set of EDA tools that are necessary to design IC projects; particularly, in advanced nanometer nodes. But not every design firm can afford this cost. For example, startups or medium size corporations are struggling paying high licensing cost of EDA tools to ensure well designed projects. Using a per-demand, per user licensing model, we plan to offer our IC analysis technology in much more affordable prices. As large corporations will be able to license our technology according to their capabilities, smaller and medium firms will also benefit from advanced IC analytics tools in an affordable cost. We plan to offer this type of licensing through a secured web portal that will provide time/user based, per-demand leasing option. Design firms will have the option to run GBT’s software on their own servers or to upload their design to be processed on our secured computing environment. We will offer our Design Rule, Reliability, Connectivity and DFM analysis tools. We plan to incorporate advanced data security technology to protect design firm’s IP and analysis results. We firmly believe that such a system may create a whole world of business opportunities, offering significant productivity enhancement technology, enabling a major project’s design time reduction, with higher quality, and much faster timelines to market” 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 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 because 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. There is no guarantee that the Company will be successful in researching, developing or implementing this system. In order to successfully implement this concept, the Company will need to raise adequate capital to support its research and, if successfully researched and developed, the Company would 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. 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
