Although the market has been in a downward spiral in the past few days, there have been some stocks that have still managed to beat the trend and one of those is the GBT Technologies Inc (OTCMKTS:GTCH) stock. The company was in sharp focus among investors on Tuesday and its stock ended the day with gains of as much as 7% as a consequence.
It will be interesting to see if it remains in focus among investors today or not, but it may be a good idea to actually take a look at the announcement and figure it out. The company announced yesterday that its non-provisional patent application with regards to the Arithmetic Logic Unit microchip IP was published on June 2, 2022, by the United States Patent and Trademark Office.
The publication of the patent application was a significant milestone for the company and for its product. The ALU is one of the more fundamental circuits within a computer and is meant for performing a wide range of functions related to calculations. It should also be kept in mind that due to the advancements in technology over the past years, the ALU has also evolved considerably and are now far more powerful and advanced in nature. It can perform very complex operations and in fact, much of the functioning of a computer depends on it.
The patent that GBT is seeking is for a form of ALU that system that can speed up computing, arithmetical operations, and other operations significantly in a computer. Hence, it could also be said that it is a product that could help the company become a major player in the world of computer hardware. It is an industry worth billions and hence, the excitement among investors with regard to the latest development may not be misplaced.
Epazz Inc (OTCMKTS:EPAZ) : Anyone who is currently looking into the cryptocurrency industry for options may consider taking a closer look at the Epazz Inc stock, which is working on a highly ambitious project named CryObo in the United Arab Emirates. The project involved the use of solar power tech for the purpose of turning sunlight into Bitcoin and at a time when power consumption for Bitcoin mining is such a concern, it could be a fairly revolutionary project.
Last week the company announced that it was going to launch its own tokens in the third quarter of this year. The proceeds are going to help the company in financing the project and allow token holders to also get a cut of the income that is ultimately generated. It is good news for Epazz shareholders too since the financing of the project may not lead to any liquidation of the company’s stock.
StrikeForce Technologies Inc (OTCMKTS:SFOR) – Another stock that has come into the news cycle this week is StrikeForce Technologies Inc, which is involved in providing cybersecurity solutions to enterprises, consumers, and also to small to medium-sized firms. Yesterday the company announced that it was going to rebrand and change its name to Zerify.
The aim of the name change is to put the message across that its video conferencing platform is now its highest priority. The platform had been developed with a deep focus on cybersecurity and is now going to be the showpiece product for StrikeForce Technologies Inc. It was further claimed that the name is also a reflection of the fact that the company had a mission to promote secure communications between individuals and groups. It remains to be seen how the development affects the stock in the coming days. It could be a good move to keep an eye on.
Vortex Brands Co (OTCMKTS:VTXB) – The company is mainly involved with the cryptocurrency sector and specifically in the lucrative Bitcoin mining space. One of the more significant developments with regards to the company took place back on February 16 when it announced that it had managed to complete the acquisition of as many as 5 new S19j Pro (1OOth) for strengthening its Bitcoin mining activities.
At the time it was announced that Vortex expected the machines to get online at some point in March. Additionally, it was the third purchase of mining equipment for the Vortex brand in 2022 up until at that point.