In this paper, we introduce a new chaotic system that is used for an engineering application of the signal encryption. It has some interesting features, and its successful implementation and manufacturing were performed via a real circuit as a random number generator. In addition, we provide a parameter estimation method to extract chaotic model parameters from the real data of the chaotic circuit. The parameter estimation method is based on the attractor distribution modeling in the state space, which is compatible with the chaotic system characteristics. Here, a Gaussian mixture model (GMM) is used as a main part of cost function computations in the parameter estimation method. To optimize the cost function, we also apply two recent efficient optimization methods: WOA (Whale Optimization Algorithm), and MVO (Multi-Verse Optimizer) algorithms. The results show the success of the parameter estimation procedure.