Santa Monica, CA - November 23, 2018 (Investorideas.com Newswire) Gopher Protocol Inc. (OTCQB: GOPH) ("Gopher"), a company specializing in the development of Internet of Things (IoT) and Artificial Intelligence enabled mobile technologies, including a global mesh network technology platform for both mobile and fixed solutions, announced today its new collaboration with Wise Network S.A.
On September 20, 2018 Gopher had announced it had entered into a definitive agreement to license Gopher's Blockchain-based, radio-generated digital currency technology on an exclusive basis to Genesis Blockchain Technologies ("GBT"), for GBT to integrate into its Blockchain-enabled solutions (https://www.otcmarkets.com/stock/GOPH/news/Genesis-Blockchain-Technologies--Gopher-Protocol-Enter-Exclusive-License-Agreement?id=204317).
Wise Network S.A. ("Wise") is a Costa Rican corporation, affiliated with GBT, that has created the Wise Platform (http://www.wise.cr/). This Platform will be using the newly created Wise Token, for which Wise will also be conducting an ICO. In addition, Wise will be announcing its Enigma Chip, based on Gopher's licensed technology, which will be designed to deploy a radio wave based Blockchain system, enabling distributed ledger, robust security, and real-time, vast data handling for IoT and mobile domains. The chip hardware is accompanied with embedded software, and is designed to work through its private, secured network protocol. Enigma IC can use Wi-Fi or Cellular networks to communicate with other Enigma ICs. In addition, the microchip can communicate via its own radio waves in a wide variety of frequencies, in locations where there are no cellular or Wi-Fi services, thereby expanding IoT tracking of Blockchain-based assets globally. It is expected that this feature opens an entire world of IoT and network possibilities for remote locations. The Enigma microchip includes Gopher's Avant! AI for Blockchain management and security.
A demonstration is available via an educational video released by Gopher and Wise - https://youtu.be/3z0avXbYZoc
Dr. Danny Rittman, Gopher's CTO, will serve as Wise's CTO to enhance Wise's implementation of Gopher's licensed technology. GBT agreed to pay Gopher $5 million upon commencing an Initial Coin Offering (ICO). Further, Gopher shall receive 2% of gross revenue of licensed products sold by GBT under the license agreement for a period of five years after commencement of sales. Upon GBT commencing its ICO, Gopher will have the option of acquiring 30% of the ICO at a discount of 30% to the offering price. More information about the Wise ICO and its structure can be found through the following release: https://www.investorideas.com/news/2018/crypto-corner/11151Wise-Avant-AI-Enigma.asp and more elaborate information about its structure and white paper can be found by review Wise ICO rating: https://icorating.com/ico/wise/
Douglas Davis, Gopher's Interim CEO, states: "We are excited to see implementation of our technology platform into the Blockchain space in partnership with GBT and Wise. As we have stated before, Gopher is not a crypto currency or Blockchain company, but is a supplier of Asset Tracking IoT and Global Mesh Network technology that licensees can use to enhance their blockchain-based offerings. It is impressive to see how the talented folks at GBT and Wise are taking our IoT and AI technologies and implementing them into their Blockchain, creating value and use to the public. Their success, other than again proving our technology, may generate income for Gopher per the terms of our License Agreement."
About Gopher Protocol Inc. (http://gopherprotocol.com)
Gopher Protocol Inc. (GOPH) ("Gopher") (http://gopherprotocol.com/) is a development-stage company which considers itself a native IoT creator, developing Internet of Things (IoT) and Artificial Intelligence (AI) enabled mobile technology platforms. Gopher has a portfolio of Intellectual Property that, when commercialized, will include smart microchips, mobile and security applications and protocols, and supporting cloud software. Gopher's system envisions the creation of a global mesh network. The core of the system will be its advanced microchip technology that can be installed in any mobile or fixed device worldwide. Gopher envisions this system as a low-cost, secure, private mesh network between any enabled devices, providing shared processing, advanced mobile database management/sharing and enhanced mobile features as an alternative to traditional carrier services.
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.
Douglas Davis, Interim CEO
Gopher Protocol Inc.
VM Only 888-685-7336
SOURCE: Gopher Protocol Inc.
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