GBT Technologies Inc. (OTCMKTS:GTCH) Stock Consolidates: Filed a Non-Provisional Patent
GBT Technologies Inc. (OTCMKTS:GTCH) is moving in a range after filing a non-provisional patents application No. 17686461 for its intelligent radio system that assigned the internal code name Infinia.
Market Stats
On Tuesday, GTCH stock went down 0.07% to $0.1465 with 68K shares, compared to its average volume of 156K shares. The stock moved within a range of $0.1352 – 0.1500 after opening trading at $0.1466.
GBT Filed a Non-Provisional Patent – AI Empowered, Long-Range, Radio system
The patent is for a long-range voice and data communication system that uses High Frequency (HF) radio waves to transmit. The technology aims to communicate across great distances using an ionospheric propagation setting. The design integrates artificial intelligence (AI) tools and approaches to handle long-range Radio communications problems, such as skip zones with no coverage.
This proposed dead-zone system is dependent on AI geo-referenced analysis, which allows for continuous, dependable voice and data transmission independent of rugged terrains, climate, or other ionospheric-associated situations. The patent’s methods and techniques are meant to automatically assess ionospheric situations and modify frequencies, transmitter power/position, and other elements to ensure a consistent and powerful radio signal. Once commercialized, the system will target emergency services, telemedicine, and terrain military transmissions. So in the coming weeks, investors should watch GTCH.
Key Quote
“Our Infinia long range, intelligent radio technology is designed to sustain rough weather and terrain. For example, once commercialized we intend to target remote area telemedicine, emergency services, rescue, and all terrain military communication. We also believe another large market segment is the tracking and IoT domains which we believe the Infinia can be of a great success due to its reliability and robust cybersecurity capabilities.
As we also develop the Infinia system we successfully completed GEN I release and we are now working on GEN II that will include machine learning technology. The Infinia technology is aimed to provide a high performance, reliable, secured HF communication solution and we expect it will be able to be used in wide variety of civil and military domains.” Said Danny Rittman the Company’s CTO.
Traders Corner
GTCH stock is trading below the 20-Day and 50-Day Moving averages of $0.16 and $0.18 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.42.