When a company gets the much-needed approval for processing one of its products it is almost always a significant development and hence, this morning, investors could do well to consider taking a look at the GBT Technologies Inc (OTCMKTS:GTCH) stock.
This morning GBT Technologies announced that the company had been awarded the much-needed approval for fast-tracking the processing work related to Infinia, which is its long-range radio continuation patent application. The application in question had been filed by the company back on May 4 this year. The application in question is meant for providing protection to communication and voice systems.
It should be noted that radio has significant advantages over mobile products. Some of the key advantages include better durability, better network security, and longer battery life among others. In addition to that, the communication capabilities are better as compared to mobile as well.
While this was an important development with regards to the work that the company has been doing, it ought to be noted that earlier on in the month on June 14, the company had made another announcement with regards to its advanced Arithmetic Logic Unit. GBT Technologies announced that the non-provisional patent application for the product had actually been published by the United States Patent and Trademark Officer back on June 2, 2022.
The ALU is a circuit that is used in computers for arithmetical and other complex calculations. As computers have become advanced, ALUs have also become advanced. The patent that GBT is looking for is for a form of ALU that is going to accelerate the pace at which highly complex calculations are performed by the computer. Hence, it can be said that if the patent is awarded then it could open up a major new market for the company.