Wytec International, Inc. Announces Private Offering in Preparation for Completing Its Patented Gunshot/Sensor Detection Technology While Uplisting to the Nasdaq Capital Market Under Ticke...
WYTEC INTL INC (WYTC)
Company Research
Source: Yahoo! Finance
company, announced today the commencement of its SEC 506(c) 9.5% $10,000,000 Convertible Secured Note Offering (Secured by its Patents), utilized to complete the funding of its AI Gunshot/Sensor technology in support of protecting America's children from increased shooter violence and detecting harmful drugs infiltrating U.S. Independent School Districts (ISDs) across America and Internationally. The AI/Sensor technology includes the engagement of multiple national and international vendors participating in the Company's Pilot Project in support of 40 Texas ISDs requesting to participate in Wytec's pilot program. “The Company's initial lab results (over 300,000 samples) produced an 86% true positive accuracy for gunshots and a 94% true negative accuracy for non-gunshots under real-life environments,” remarks Robert Sanchez, Wytec CTO. Wytec currently owns patented small cell intellectual property designed to incorporate smart sensors and AI/ML software solutions. These solutions wil
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WYTC
News
- Wytec Announces Response to RFP With the North Texas Council of Governments in Providing Gunshot Detection for 1,207 Texas ISDs [Yahoo! Finance]Yahoo! Finance
- Wytec Announces Response to RFP With the North Texas Council of Governments in Providing Gunshot Detection for 1,207 Texas ISDsGlobeNewswire
- Wytec Announces Its Uplisting Preparation to the Nasdaq Capital Markets in Conjunction With Completing Its AI Gunshot Detection Technology [Yahoo! Finance]Yahoo! Finance
- Wytec Announces Its Uplisting Preparation to the Nasdaq Capital Markets in Conjunction With Completing Its AI Gunshot Detection TechnologyGlobeNewswire
- Wytec Announces Filing of U.S. and International Patent Applications for AI Gunshot / Sensor Technology [Yahoo! Finance]Yahoo! Finance
WYTC
Sec Filings
- 11/12/24 - Form 10-Q
- 10/31/24 - Form D
- 10/22/24 - Form 4
- WYTC's page on the SEC website