GBT and BitSpeed Announce Joint Venture GBT BitSpeed Corp.

BitSpeed’s Software, Network and Storage Expertise is planned for integration with and enhancement of GBT’s wireless mesh network and IoT GopherInsight™ Platform

/EIN News/ -- SANTA MONICA, Calif., Oct. 22, 2019 (GLOBE NEWSWIRE) -- GBT Technologies Inc. (OTC PINK: GTCH) ("GBT”, or “the Company”), a company specializing in the development of Internet of Things (IoT) and Artificial Intelligence (AI) enabled networking and tracking technologies, including its GopherInsight™ wireless mesh network technology platform for both mobile and fixed solutions, announced that it has entered into a Joint Venture (“JV”) Agreement with BitSpeed LLC (“BitSpeed”), a software development company located in the Los Angeles area. The new JV will be called GBT BitSpeed Corp.

BitSpeed (www.bitspeed.com) specializes in the development, sale and maintenance of software which allows the accelerated and secure transfer of large file data over existing private or public networks. BitSpeed is currently partnered with a major Cloud Platform (GCP) and has an agreement to supply its software through GCP’s Partner Advantage program, where their customers can buy certified solutions directly from GCP.

BitSpeed’s Concurrency application competes in the Extreme File Transfer market, which is a subset of the larger Managed File Transfer or MFT market. Per analyst Market Reports World (https://www.marketreportsworld.com/enquiry/request-sample/12905887):

“Managed file transfer is a type of software that allows the transfer of files inside an organization or between multiple organizations. This method is a fast, secure, reliable, and a transparent way of exchanging files, with additional features such as tracking and monitoring. As a result, one can discover the loss of data from a specific point, and also receive an acknowledgement after successful completion of a file transfer process. With the advent of digitalization, companies are becoming heavily dependent on the successful transmission of digital files bearing critical information. Hence, this transmission should be secure, reliable, and quick to run the business process smoothly in real time. The demand for efficient and effective file transfer has been increasing in the past few years.”

GBT BitSpeed Corp. is expected to assist with the integration and development of BitSpeed’s technology into GBT’s patented and patent-pending technology platform outlined in previous announcements, highlighted by its GopherInsight, gNET Wireless Mesh Network platform, and its Avant! AI management system. As GBT’s gNET network data transfer needs grow in the future, it is planned that a high-speed, secure layer of technology could be added to facilitate movement of large file data globally.

"Continuing with our strategic goal to launch world-class products and software, GBT feels that this is another great step in enhancing our offerings both through internal and partner resources,” said Doug Davis, GBT’s Chief Executive Officer. “We welcome our new partners from BitSpeed and look forward to our cooperative development and business efforts in the future.”

"We are excited to partner with GBT in this Joint Venture,” states Caron Caldwell, BitSpeed’s General Manager. “As wireless mesh networks deploy globally, it will be important to move large amounts of data quickly and safely, and we look forward to helping GBT’s InSight platform achieve this.”

About GBT Technologies Inc.

GBT Technologies Inc. (OTC PINK: GOPH) (“Gopher”) (http://gopherprotocol.com/) is a development-stage company which considers itself a native IoT creator, developing Internet of Things (IoT) and Artificial Intelligence (AI) enabled mobile technology platforms.  Gopher has a portfolio of Intellectual Property that, when commercialized, will include smart microchips, mobile and security applications and protocols, and supporting cloud software.  Gopher’s system envisions the creation of a global mesh network.  The core of the system will be its advanced microchip technology that can be installed in any mobile or fixed device worldwide. Gopher envisions this system as a low-cost, secure, private mesh network between any enabled devices, providing shared processing, advanced mobile database management/sharing and enhanced mobile features as an alternative to traditional carrier services.

https://www.avant-ai.net

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Contact :
Doug Davis, CEO
GBT Technologies Inc.
Media: press@gopherprotocol.com