SANTA MONICA, Calif., June 02, 2021 (GLOBE NEWSWIRE) — GBT Technologies Inc. (OTC PINK: GTCH) (“GBT”, or the “Company”) is seeking to conduct business with the US government agencies and successfully submitted a registration application with System for Award Management (SAM), registration #832011626.
A SAM registration is required for any entity to bid on and get paid for federal contracts or to receive federal funds, including for nonprofit, profit businesses, government contractors/subcontractors, and local cities.
The SAM ( www.sam.gov ) system is a central registration point for government contractors and suppliers. This is part of GBT’s GSA (General Services Administration) application to get approved to sell to the United States Government through the U.S. General Services Administration (GSA). While federal contract opportunities have differing requirements, there is a fundamental set of information that is applying to all applicants.
The GSA is the purchasing department of the U.S. Government and lists contracts or schedules potential vendors that can bid on to get government business. To become eligible to bid on a GSA schedule, it is required to complete several important steps, among them are registering in the government’s SAM (System for Award Management), and providing previous customer contact information as a means for the GSA to perform a past performance evaluation. More information can be found on GSA web site at: Home (gsa.gov)
“We have successfully submitted a SAM (System for Award Management) registration and moving forward towards getting approved to conduct business with the federal government. We aim to position our technology and solutions, as a candidate for business with the US Government agencies and departments. GBT has vast knowledge, experience, and proven records in Artificial Intelligence, IoT, tracking, health and radio technologies and is ready to seek government business.
We strongly believe that our IP, technologies, and solutions can be an ideal fit for government-oriented contracts in the domains of military, security, emergency rescue, long range secured communication, and remote medicine. Our AI technologies offer high security and vast data processing capabilities which offers effective solutions in wide variety of domains. Our goal is to be a proud US corporation that offers essential technology within the government umbrella, contributing to our national security, healthy lifestyle and economy,” provided Mansour Khatib, the CEO of GBT Technologies Inc.
GBT Technologies, Inc. (OTC PINK: GTCH) (“GBT”) ( https://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.
Mansour Khatib, CEO
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