Wytec Plans Nasdaq Uplisting to Accelerate AI Gunshot Detection Technology
TL;DR
Wytec's uplisting to Nasdaq will accelerate the Smart Sensor Project, providing a competitive advantage in detecting active threats.
Wytec's AI based sensor technology, in partnership with Lemko Corporation, has a 90%+ accuracy in detecting gunshots in school districts and cities.
Wytec's Smart Sensor solutions will significantly improve safety by detecting gun violence, protecting children, and addressing the drug epidemic in schools and communities.
Wytec's partnership with Lemko Corporation will deliver a solution that significantly improves safety and protects children throughout the United States and abroad.
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Wytec (OTCQB:WYTC) has announced plans to uplist to the Nasdaq Capital Markets, a move aimed at accelerating the deployment of its AI-based gunshot detection technology in America's Independent School Districts (ISDs) and cities. The company's patent-protected sensor technology has demonstrated over 90% accuracy in gunshot detection across more than 400,000 live samples and simulated environments.
The uplisting strategy includes expanding Wytec's partnership with Lemko Corporation under a Master Services Agreement. This collaboration aims to leverage their combined intellectual property and products to commercialize and globally offer Smart Sensor solutions. Robert Sanchez, Wytec's CTO, emphasized that Lemko's Distributed Mobile Architecture patents will significantly enhance Wytec's ability to address gun violence and drug epidemics affecting U.S. cities and school properties.
Wytec intends to file its Nasdaq uplisting application in November, which is expected to provide increased exposure to capital markets. The company also has a $100 million shelf registration contract with Global Emerging Markets, a $3.5 billion private alternative investment group focused on emerging markets worldwide.
The partnership between Wytec and Lemko is poised to deliver critical safety capabilities for schools and communities. Brian Ponte, Vice President of Sales and Marketing for Lemko, expressed enthusiasm about the collaboration, highlighting its potential to significantly improve safety and protect children across the United States and internationally.
This development comes at a time when school safety and gun violence prevention are critical concerns in the United States. Wytec's AI-driven technology could potentially offer a more accurate and efficient solution for detecting and responding to active threats in educational institutions and urban areas. The company's move to a major exchange like Nasdaq could attract more investor attention and potentially accelerate the development and deployment of this technology.
The implications of this uplisting and technological advancement extend beyond the immediate safety applications. It could signal a shift in how AI and sensor technologies are applied to public safety issues, potentially influencing policy decisions and security strategies in schools and cities across the country. Additionally, the increased visibility from a Nasdaq listing could position Wytec as a significant player in the growing market for AI-driven security solutions.
Curated from NewMediaWire
