Wytec International Announces Key Developments in AI Gunshot/Sensor Technology and Nasdaq Uplisting Plans

Wytec International, Inc. (OTCQB: WYTC), an AI and 5G technology company, has announced the initiation of a $10 million SEC 506(c) Convertible Secured Note Offering. This funding will be directed towards the completion of Wytec's AI Gunshot/Sensor technology, a critical advancement aimed at safeguarding schoolchildren from the rising threat of shooter violence and detecting harmful drugs in U.S. Independent School Districts (ISDs) and internationally. This initiative comes as Wytec prepares to uplist to the Nasdaq Capital Market under the ticker 'WYTC'.

The AI Gunshot/Sensor technology leverages Wytec's patented small cell intellectual property, integrating smart sensors and AI/ML (Machine Learning) software solutions. According to Robert Sanchez, Wytec's Chief Technology Officer, initial lab results demonstrated an 86% true positive accuracy for gunshots and a 94% true negative accuracy for non-gunshots in real-world environments, based on over 300,000 samples. These promising results underscore the technology's potential effectiveness in real-life scenarios.

Wytec's small cell technology, designed to incorporate these smart sensors, has already secured several patents, with additional provisional patents pending approval from the United States Patent & Trademark Office (USPTO). To facilitate this process, Wytec has engaged Denton Law, one of the world's largest law firms, to finalize its patent applications.

The significance of this announcement lies not only in the technological advancements but also in the potential societal impact. The implementation of this AI Gunshot/Sensor technology could markedly improve safety measures in schools, addressing the growing concerns of parents, educators, and policymakers. The ability to detect and accurately identify gunshots and harmful substances could prevent tragedies and create a safer educational environment.

Furthermore, Wytec's plan to uplist to the Nasdaq Capital Market represents a pivotal moment for the company. This move is expected to enhance its visibility and credibility in the financial markets, potentially attracting more investors and enabling further technological innovations. The $10 million Convertible Secured Note Offering, available to accredited investors, is a crucial step in this direction, ensuring the necessary funding to complete the AI Gunshot/Sensor technology and meet the listing requirements of the Nasdaq Capital Markets.

This development also highlights the growing intersection of AI and public safety. As AI technologies evolve, their applications in enhancing security measures are becoming increasingly vital. Wytec's initiative is a testament to how advanced technologies can be harnessed to address pressing societal issues, offering a blueprint for future innovations in the field.

In summary, Wytec International's latest announcements mark significant strides in the realms of AI technology and public safety. By advancing its AI Gunshot/Sensor technology and preparing for a Nasdaq uplisting, Wytec is positioning itself at the forefront of technological and market developments, with far-reaching implications for school safety and investor interest.