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Wytec (OTCQB:WYTC) has responded to a Request for Proposal from the North Texas Council of Governments (NCTCOG) to provide gunshot detection solutions. The company proposed its patent-pending AI Gunshot Detection System, which has demonstrated over 90% accuracy across 500,000 samples. The system includes advanced drug sensor technology for detecting dangerous chemicals, including Fentanyl. Wytec is filing an S-1 Registration for Nasdaq uplisting, securing $7M in immediate capital and access to $100M in future funding through Global Emerging Markets. The company has partnered with Lemko , leveraging their combined 50+ patents in software-defined architectures.
Wytec (OTCQB:WYTC) has announced plans to uplist to the Nasdaq Capital Markets to accelerate their Pilot Smart Sensor Project for detecting active threats like gunshots in America's Independent School Districts and cities. The company's AI-based sensor technology has demonstrated over 90% gunshot detection accuracy on more than 400,000 live samples and simulated environments.
Wytec is expanding its partnership with the Lemko under a Master Services Agreement to commercialize and offer Smart Sensor solutions globally. The uplisting to Nasdaq aims to provide additional exposure to capital markets and access to a $100M shelf registration contract with Global Emerging Markets. Wytec plans to file its Nasdaq uplisting application in November.
Wytec International, Inc. (OTCQB: WYTC), an AI 5G company, has filed five new patent applications with the USPTO on September 30, 2024. These applications seek to protect Wytec's proprietary AI gunshot and sensor technology, enhancing its intellectual property portfolio. The technology aims to provide school administrators with dashboard access to visual, auditory, and airborne biological and chemical detection capabilities, including COVID-19 detection.
The patent filings include four Patent Cooperation Treaty (PCT) applications for international protection and one USPTO application with a Track One request for expedited examination. Wytec is finalizing its gunshot/sensor solutions for 43 Texas Independent School Districts requesting inclusion in the Company's Gunshot Pilot Program. Wytec's global patent and IP portfolio is managed by Dentons US LLP, a top-ranked intellectual property law firm.
Wytec is in the final stages of preparing its application to uplist from OTCQB to Nasdaq Capital Markets under its current symbol WYTC.
Wytec International, Inc. (OTCQB: WYTC), an AI 5G company, has announced a $10 million SEC 506(c) 9.5% Convertible Secured Note Offering. The funds will be used to complete its AI Gunshot/Sensor technology and uplist to the Nasdaq Capital Market. The technology aims to protect schools from shooter violence and detect harmful drugs, with 86% accuracy for gunshots and 94% for non-gunshots in initial lab tests. Wytec is engaging multiple vendors for a pilot project involving 40 Texas ISDs. The company owns patented small cell IP and is awaiting approval for new provisional patents. Denton Law is assisting with patent applications. The offering is available to accredited investors only and secured by Wytec's patents.
Wytec International, Inc. (OTCQB:WYTC) has announced significant advancements in its threat sensing systems using distributed AI and smart sensor technology. The company's solutions, designed for schools and cities, have achieved 85% to 95% positive detection rates in real-world tests with over 200,000 samples. This performance significantly outpaces competitors' video-only gunshot detection systems.
Wytec is also developing prototype acoustic and gaseous sensors with embedded AI/ML algorithms to enhance gunshot detection and identify THC and other chemicals. These innovations will be available as indoor and outdoor units compatible with mobile wireless networks, including CBRS spectrum. The company has applied for the US Department of Homeland Security SAFETY Act designation and plans to conduct live seminars in San Antonio, Texas, in late 2024 to demonstrate its technology.
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