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Wytec Announces Its Uplisting Preparation to the Nasdaq Capital Markets in Conjunction With Completing Its AI Gunshot Detection Technology By Investing.com
SAN ANTONIO, Texas, Oct. 18, 2024 (GLOBE NEWSWIRE) -- Wytec (OTCQB:WYTC) has announced today, plans to uplist to the Nasdaq Capital Markets to accelerate their Pilot Smart Sensor Project to be demonstrated in detecting active threats such as gunshots within America's Independent School Districts (ISD's) and cities. Wytec's AI based sensor technology is patent protected and has produced a better than 90% gunshot detection accuracy on over 400,000 live samples and simulated environments. The uplisting to Nasdaq includes expanding Wytec's partnership with the Lemko Corporation under a Master Services Agreement utilizing their collective intellectual property and products to commercialize and offer its Smart Sensor solutions globally. The Lemko Corporation, with over 50 patents related to its Distributed Mobile Architecture (DMA), will dramatically enhance Wytec's expansion objective to assist in solving America's growing gun violence and drug epidemic injuring our children and students within U.S. cities and ISD properties, states Wytec's CTO, Robert Sanchez. Wytec plans to file its Nasdaq uplisting application in November providing additional exposure to the capital markets and access to its $100M shelf registration contract with Global Emerging Markes, a $3.5 Billion private alternative investment group, focused on emerging markets around the world. We are honored and extremely excited to be partnering with Wytec to deliver such an important capability for our schools and communities, explained Brian Ponte, Vice President " Sales and Marketing for Lemko. Our combined efforts will deliver a solution that significantly improves safety and protects our children throughout the United States and abroad. About Wytec Wytec is a 5G network development company with proprietary, patent and patent-pending AI/sensor technology designed to support gunshot detection, drug sensing technology for public safety and distance learning solutions for schools and cities. For further information about Wytec International, (OTCQB:WYTC), please visit www.wytecintl.com or follow us on social media via X (Twitter), or LinkedIn. About Lemko Lemko Corporation's patented Distributed Mobile Architecture (DMA) provides the world's leading fully edge capable mobile network platform. Our mission is to provide simple and resilient 4G/5G wireless networks for use in Industrial IoT applications, private 4G/5G networks, wireless rural broadband systems and military and public safety deployments. Lemko's DMA systems are designed to be more reliable, survivable and portable than conventional 4G/5G systems. Lemko is based in Schaumburg, Illinois. To learn more about Lemko, visit www.lemkocorp.com or follow us at www.linkedin.com/company/lemko
[2]
Wytec Announces Its Uplisting Preparation to the Nasdaq Capital Markets in Conjunction With Completing Its AI Gunshot Detection Technology
, (GLOBE NEWSWIRE) -- (OTCQB:WYTC) has announced today, plans to uplist to the to accelerate their to be demonstrated in detecting active threats such as gunshots within America's (ISD's) and cities. Wytec's AI based sensor technology is patent protected and has produced a better than 90% gunshot detection accuracy on over 400,000 live samples and simulated environments. The uplisting to Nasdaq includes expanding Wytec's partnership with the under a Master Services Agreement utilizing their collective intellectual property and products to commercialize and offer its Smart Sensor solutions globally. "The Lemko Corporation, with over 50 patents related to its Distributed Mobile Architecture (DMA), will dramatically enhance Wytec's expansion objective to assist in solving America's growing gun violence and drug epidemic injuring our children and students within cities and ISD properties," states Wytec's CTO, . plans to file its Nasdaq uplisting application in November providing additional exposure to the capital markets and access to its shelf registration contract with Global Emerging Markes, a private alternative investment group, focused on emerging markets around the world. "We are honored and extremely excited to be partnering with to deliver such an important capability for our schools and communities," explained , Vice President - Sales and Marketing for Lemko. "Our combined efforts will deliver a solution that significantly improves safety and protects our children throughout and abroad." About is a 5G network development company with proprietary, patent and patent-pending AI/sensor technology designed to support gunshot detection, drug sensing technology for public safety and distance learning solutions for schools and cities. For further information about , (OTCQB:WYTC), please visit www.wytecintl.com or follow us on social media via X (Twitter), or LinkedIn. About Lemko Lemko Corporation's patented Distributed Mobile Architecture (DMA) provides the world's leading fully edge capable mobile network platform. Our mission is to provide simple and resilient 4G/5G wireless networks for use in Industrial IoT applications, private 4G/5G networks, wireless rural broadband systems and military and public safety deployments. Lemko's DMA systems are designed to be more reliable, survivable and portable than conventional 4G/5G systems. Lemko is based in . To learn more about Lemko, visit www.lemkocorp.com or follow us at www.linkedin.com/company/lemko
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Wytec International announces plans to uplist to Nasdaq Capital Markets, highlighting its AI-based gunshot detection technology for schools and cities. The company partners with Lemko Corporation to expand its smart sensor solutions globally.
Wytec International (OTCQB:WYTC), a 5G network development company, has announced its plans to uplist to the Nasdaq Capital Markets. This strategic move is aimed at accelerating the company's Pilot Smart Sensor Project, which focuses on detecting active threats such as gunshots within America's Independent School Districts (ISDs) and cities 12.
At the heart of Wytec's offering is its patent-protected AI-based sensor technology. The company reports impressive performance metrics, with gunshot detection accuracy exceeding 90% based on over 400,000 live samples and simulated environments 1. This technology represents a significant advancement in addressing the growing concerns of gun violence in educational institutions and urban areas.
As part of its expansion strategy, Wytec is strengthening its partnership with Lemko Corporation through a Master Services Agreement. Lemko, known for its Distributed Mobile Architecture (DMA) with over 50 patents, is expected to enhance Wytec's capabilities significantly 12. Brian Ponte, Vice President of Sales and Marketing for Lemko, expressed enthusiasm about the collaboration, stating:
"We are honored and extremely excited to be partnering with Wytec to deliver such an important capability for our schools and communities. Our combined efforts will deliver a solution that significantly improves safety and protects our children throughout the United States and abroad." 1
Wytec's uplisting to Nasdaq is scheduled for November, a move that is expected to provide the company with increased exposure to capital markets. Additionally, Wytec has secured a $100 million shelf registration contract with Global Emerging Markets, a $3.5 billion private alternative investment group focused on emerging markets worldwide 12.
While the gunshot detection technology is at the forefront, Wytec's portfolio extends beyond this single application. The company is developing proprietary, patent and patent-pending AI/sensor technology designed to support:
Wytec's CTO, Robert Sanchez, highlighted the potential impact of their technology: "The Lemko Corporation, with over 50 patents related to its Distributed Mobile Architecture (DMA), will dramatically enhance Wytec's expansion objective to assist in solving America's growing gun violence and drug epidemic injuring our children and students within U.S. cities and ISD properties." 1
As Wytec prepares for its Nasdaq debut, the company positions itself at the intersection of AI, public safety, and education technology. The success of its gunshot detection system and the potential applications of its broader AI-sensor technology portfolio could have significant implications for school safety and urban security measures in the United States and beyond.
Reference
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Wytec International Inc. announces a private offering to complete its patented GunShotSensor detection technology and uplist to the Nasdaq Capital Market. The company aims to address the critical issue of gun violence in schools and public spaces.
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