SANTA MONICA, Calif., Feb. 22, 2022 (GLOBE NEWSWIRE) — GBT Technologies Inc. (OTC PINK: GTCH) (“GBT”, or the “Company”) applied and received their extension notice for its System for Award Management (SAM) registration #832011626/91FW3 until May 2023. The active status makes GBT eligible to contract business with US government contractors and sub-contractors, local cities, or receive federal funds.
SAM ( www.sam.gov ) is a central registration system for government contractors and suppliers. GBT extended with General Services Administration (“GSA”) to sell to the United States Government. To remain eligible to do business with the federal government, an entity must renew its registration with SAM every year. GBT plans to continue exploring and pursuing government business opportunities, offering its advanced technologies for a variety of domains; among them are, military, security, tracking, IoT, communications, and health. More information can be found on the GSA website at Home (gsa.gov)
“We extended our active registration with SAM which means we are approved to conduct business with US government agencies, local municipals, cities, states, contractors, and suppliers. GBT has extensive knowledge and experience in advanced technological arenas, among them IoT, database security, tracking, health, artificial intelligence, and integrated circuits.
We believe that the current government push to move high-tech industries such as microchip design and manufacturing back to America will open R&D and sales opportunities for the company.
By using our technologies and offering efficient solutions for military, global emergency response, security, microchip manufacturing, global health, along with design intelligent image/video processing.
We will continue to pursue our 2021 strategy through offering essential technology solutions to governments and large technology companies,” stated Mansour Khatib, GBT’s CEO.
GBT Technologies, Inc. (OTC PINK: GTCH) (“GBT”) ( https://gbtti.com ) is a development stage company that considers itself a native of the Internet of Things (IoT), Artificial Intelligence (AI) and Enabled Mobile Technology Platforms used to increase IC performance. GBT has assembled a team with extensive technical expertise and is building an intellectual property portfolio consisting of many patents.
GBT’s mission, is 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.
Mansour Khatib, CEO