GBT Technologies Inc.

GBT Technologies Inc. was incorporated on July 22, 2009, in Nevada. The company, through its 50% subsidiary, focuses on developing Internet of Things (IoT) and Artificial Intelligence (AI) enabled networking and tracking technologies. This includes wireless mesh network technology platforms and fixed solutions, an intelligent human body vitals device, and asset-tracking IoT. GBT Technologies Inc.'s technologies are grouped into three areas: providing IT consulting services, licensing its technology, and an advanced RF-based computer vision system. This system uses radio waves to create detailed 2D and 3D images, enhancing object detection and imaging capabilities. On March 20, 2024, Tokeniz, a related entity, entered into a Patent Purchase Agreement with VisionWave Technologies Inc. VisionWave agreed to acquire patents and patent applications from Tokeniz for $30,000,000, payable in VisionWave common stock. These patents form the intellectual property basis for a machine learning technology that controls radio wave transmissions, analyzes reflection data, and constructs 2D/3D images of stationary and moving objects. The final purchase price may be adjusted based on a third-party valuation, and Tokeniz has the option to cancel the agreement if the final price is less than $30,000,000.