Santa Monica, CA - October 5, 2018 (Investorideas.com Newswire) Gopher Protocol Inc. (OTCQB: GOPH) ("Gopher"), a company specializing in the creation of Internet of Things (IoT) and Artificial Intelligence enabled mobile technologies, including a global platform with both mobile and fixed solutions, acquires Guardian Patch LLC's 50% interest in Gopher Insight derivatives - covering the Guardian Patch, Puzpix and Epsilon.
Gopher Insight is the chip circuitry that powers Gopher Protocol's devices. Guardian Patch LLC was integral to the funding of the research and development that has brought the Gopher's technology to a point where it can go to market with products. By providing this early stage funding Guardian Patch LLC became a 50/50 joint venture partner with Gopher on the profitability for products sold using this technology.
"Since being granted our patent on July 10, 2018 - (https://finance.yahoo.com/news/gopher-partners-receive-u-patent-110000116.html) we have evaluated the financial implications of owning 100% of the profits from our technologies - (https://www.otcmarkets.com/stock/GOPH/news/story?e&id=1127696) and come to the conclusion that it is in the best interest of our shareholders to make this acquisition. Moreover, Gopher's Guardian Patch application will be officially published in Europe on October 10, 2018. EPO's notice of publication for the Patch patent application will be done under publication #: EP3384432. We are excited about the possible implications on our potential profitability once we begin selling our technology products, especially where we are working to integrate the Guardian Patch radio technology within its digital coin Blockchain system - (https://www.otcmarkets.com/stock/GOPH/news/story?e&id=1141593) in light of license our GRC Blockchain-Based Radio Generated Digital Currency proprietary technology to Genesis Blockchain to integrate into Genesis's Blockchain based lines of business. - (https://www.otcmarkets.com/stock/GOPH/news/story?e&id=1175755)," stated Gopher CFO Kevin Pickard.
About Gopher Protocol Inc. (http://gopherprotocol.com)
Gopher Protocol Inc. (GOPH) ("Gopher") (http://gopherprotocol.com/) is a development-stage company which consider itself Native IoT creator, developing Internet of Things (IoT) and Artificial Intelligence enabled mobile technology. Gopher has a portfolio of Intellectual Property that when commercialized will include smart microchips, mobile application software and supporting cloud software. The system contemplates the creation of a global network. The core of the system will be its advanced microchip technology that can be installed in any mobile device worldwide. Gopher envisions this system as an internal, private network between all enabled mobile devices providing shared processing, advanced mobile database management/sharing and enhanced mobile features.
Corporate Site: http://gopherprotocol.com
Press page/ press kit - http://gopherprotocol.com/?page_id=228
Consumer and product website for Guardian Patch: http://www.guardianpatch.com/.
Certain statements contained in this press release may constitute "forward-looking statements". Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as disclosed in our filings with the Securities and Exchange Commission located at their website (http://www.sec.gov). In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, governmental and public policy changes, the Company’s ability to raise capital on acceptable terms, if at all, the Company’s successful development of its products and the integration into its existing products and the commercial acceptance of the Company’s products. The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release.
Dr. Danny Rittman CTO
Gopher Protocol Inc.
SOURCE: Gopher Protocol Inc.
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