When a technology company is granted a patent for any of its creations then it is certainly one of the more important developments and hence, it may be a good time to focus on GBT Technologies Inc (OTCMKTS:GTCH).
Market Reaction
On Wednesday, GTCH stock fell 12.12% at $0.0145 with more than 2.95 million shares, compared to its average volume of 941k shares. The stock moved within a range of $0.0140 – 0.0165 after opening trade at $0.0160.
GBT’s AI based, Motion Detection Wireless Patent has been Granted
Yesterday, the company came into focus after it emerged that it had been awarded a patent for Apollo, the internal code name for its wireless motion detection patent. The non-provisional patent in question had been awarded to the company back on April 12. The technology that has been created by GBT Technologies is meant for analysing and controlling radio wave transmissions as well as their reflections.
Eventually that is used for the construction of 3D images as well as videos of an object. The product could potentially have applications in the security market and could be used for the purposes of protecting properties.
At this point in time, it may be a good idea for investors to perhaps follow the developments with regards to Apollo over the course of the coming weeks. At the same time, it is likely that the stock would come into focus today and hence, keeping an eye on the price action could also be a good idea.
Key Quote
“Our Apollo wireless motion detection patent was granted on April 12 and we are pleased to start R&D activities to evaluate its commercialization possibilities. The Apollo patent protects an advanced IP that we believe can be used as an efficient computer vision and in a wide variety of fields. We believe Apollo radio vision system can be used as a wearable-less health, “eyes” for smart vehicles or within a security system to detect concealed objects in airports. The patent’s intelligent computer vision can “see” through walls using machine learning algorithms. Based on RF data analysis, it constructs images and motion video of a scanned area. It is designed to detect and measure a heartbeat, breathing rhythm, a person’s fall, or emotional distress. I Since the technology works during day and night, we believe it can be an efficient technology within military and security applications. We considered Apollo as one of our major innovations and plan to conduct further research and development of intelligent systems based on its concepts.” Provided Danny Rittman, the Company’s CTO.
Traders Review
GTCH stock is trading above the 20-Day and 50-Day Moving averages of $0.0509 and $0.1092 respectively. However, the stock is trading below the 200-Day moving average of $0.2902.
