SAN DIEGO, January 11, 2022 (GLOBE NEWSWIRE) – GBT Technologies Inc. (OTC PINK: GTCH) (“GBT” or the “Company”), is developing an Internet-based system to potentially enable its microchip scanning technology through a web portal interface.
Using a secure portal, factoryless integrated circuit design companies will be able to license and use GBT’s integrated circuit analysis programs on demand. This system will potentially provide an affordable solution for small to mid-size, integrated design businesses that cannot afford the mass licensing model costs. Typically, these types of software are licensed based on the number of users and, in the case of large enterprises, through a site licensing model. This method may not be affordable for many small and medium-sized integrated circuit design firms. Establishing a per-demand, per-user license rental function may open up new business opportunities for many IC design houses around the world.
GBT, upon completion of the portal, plans to offer a wide variety of integrated circuit analysis and verification programs in the areas of design rule verification, reliability, electrical connectivity and DFM ( Design for Manufacturing). Once developed, the secure web portal will offer the possibility of performing analyzes on the client’s machines or on GBT’s secure servers in order to correct and / or improve the characteristics of the chip and to confirm the desired result. . Companies will be able to license GBT’s software tools by session and period of use; for example, per week, month or more. The cost of the license will be calculated according to the duration of use, the number of users and the software tools rented. Over the past decade, the integrated circuit industry has seen a great demand for Computer Aided Design (CAD) software tools, also known as Electronic Design Automation (EDA), as these are becoming key aspects of the process. transformation of product definition and concepts into production-ready integrated circuits. GBT intends to make its technology available to all sizes of IC design companies, enabling them to achieve their goals and bring their projects to market affordably.
“Large microchip design companies typically pay millions of dollars a year to license a full set of EDA tools needed to design integrated circuit projects; in particular, in advanced nanoscale nodes. But not all design companies can afford that cost. For example, startups or mid-sized companies find it difficult to afford the high licensing cost of EDA tools to ensure well-designed projects. Using a per-request, per-user licensing model, we plan to offer our IC analysis technology at much more affordable prices. As large enterprises will be able to license our technology according to their capabilities, small and medium enterprises will also benefit from advanced IC analysis tools at an affordable cost. We plan to offer this type of license through a secure web portal that will provide an on-demand rental option based on time / user. Design companies will have the option of running GBT software on their own servers or uploading their design for processing on our secure computing environment. We will offer our analysis tools for design, reliability, connectivity and DFM rules. We plan to integrate advanced data security technology to protect the design firm’s intellectual property and analysis results. We firmly believe that such a system can create a whole world of business opportunities, providing significant productivity improvement technology, reducing the design time of a major project, with superior quality and on-time. faster to market, ”said Danny Rittman, CTO of the company.
GBT Technologies, Inc. (OTC PINK: GTCH) (“GBT”) (http://gbtti.com) is a development stage company that considers itself native to the Internet of Things (IoT), intelligence artificial (AI) and activation Mobile technology platforms used to increase the performance of integrated circuits. GBT has assembled a team with extensive technological expertise and built an intellectual property portfolio made up of numerous patents. GBT’s mission is to license technology and intellectual property to synergistic partners in the areas of hardware and software. Once commercialized, GBT’s goal is to have a suite of products including smart chips, AI, encryption, blockchain, integrated circuit design, mobile security applications, management protocols. database, with tracking and cloud software support (without GPS). GBT envisions this system as the creation of a global mesh network using advanced nodes and high performance next generation IC technology. The heart of the system will be its advanced microchip technology; a technology that can be installed on any mobile or fixed device in the world. GBT’s vision is to produce this system as a low cost and secure private mesh network between all activated devices. Thus, providing advanced shared processing, management and sharing of mobile databases while using these enhanced mobile features as an alternative to traditional carrier services.
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 historical or current fact. Actual results may differ materially from those shown in these forward-looking statements due to various important factors as disclosed in our documents filed with the Securities and Exchange Commission located on their website (http://www.sec.gov). In addition to these factors, actual performance, results and future results may differ materially due to more general factors including (but not limited to) general industry and market conditions and growth rates. , economic conditions, changes in government and public policy, the Company’s ability to increase capital on acceptable terms, if applicable, the successful development of its products by the Company and integration into its existing products and l commercial acceptance of the Company’s products. The forward-looking statements included in this press release represent the opinions of the Company as of the date of this press release and such opinions 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 sufficient capital to support its research and, if researched and successfully developed, the Company will need to enter into a strategic relationship with a third party who 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, although the Company may choose to update these forward-looking statements at some time in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be taken as representing the views of the Company as of a date subsequent to the date of the press release.