SAN DIEGO, Sept. 08, 2022 (GLOBE NEWSWIRE) — GBT Technologies Inc. (OTC PINK: GTCH) (“GBT” or the “Company”), is expanding its cybersecurity research and development efforts with the goal of developing threat intelligence technology. The Company intends to invest further R&D resources to detect and track ever-evolving, global, cyber threats and to provide real time, automated incident response and remediation. Cyber incidents have become a big data challenge. A significant amount of data requires rapid analysis to make a decision and take a proper action; quickly. GBT is seeking to develop advanced security algorithms and techniques to evaluate the nature, severeness and possible impacts of threats, providing intelligent categorization and prioritization to make accurate decisions, and taking the necessary actions. The planned technology will proactively hunt for hidden threats that have bypassed security mechanisms with deep learning algorithms to investigate suspicious threats, predicting possible incidents, and prepare ahead-of-time responses. The Company plans to develop a global platform that can handle the necessary huge data capacity and have an intelligent skillset to handle complex security incidents. The Company is seeking to develop a system that will have the ability to be fully automated, within global networks and cybersecurity systems, monitoring, predicting, detecting and responding to threats targeting individuals and businesses, 24/7. The goal of GBT’s planned automated security system will be to significantly strengthen defenses and resilience against cyber criminals.
“Cybersecurity incidents are constantly on the rise and we are preparing an intelligent solution with the goal of addressing malicious attacks against individuals, businesses and governmental institutions. With today’s vast amount of information, cyber threats are becoming a big data case. Networks, sensitive apparatus, industrial systems and personal devices are operating with huge data and bandwidths which makes it harder to detect, identify and differentiate between noise or real threats. An intelligent system is required to be able to handle the analysis of big data, identify and predict weak spots or possible threats to make smart decision and act. Once a real threat is detected, a proper incident response is required. An intelligent system requires advanced skillsets and knowledge to handle a minor or colossal scale attack and a plan for eliminating the threat and recovering data. We plan to develop a system with extensive practices, cognitive capabilities and advanced, persistent threat prediction algorithms to detect, track and handle multiple types of security threat, contain such threat and provide a remediation response. We plan to leverage cybersecurity technology enabling proactive, learning from experienced automation with the goal of assisting individuals, businesses and government institutions to detect and respond to active threats, making our cyberworld a safer place,” stated Danny Rittman, GBT’s CTO.
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, developed and granted regulatory approval, 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.
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 any and 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.
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.
Dr. Danny Rittman, CTO
GBT Technologies Inc.
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