Wytec Announces Nasdaq Uplisting to Accelerate Smart Sensor Project for School Safety
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 to accelerate its Pilot Smart Sensor Project, which focuses on detecting active threats such as gunshots within America's Independent School Districts and cities. The company's AI-based sensor technology, which is patent-protected, has demonstrated over 90% accuracy in gunshot detection across more than 400,000 live samples and simulated environments. This initiative aims to address the escalating gun violence and drug epidemic affecting children and students in U.S. educational institutions and urban areas.
The uplisting to Nasdaq includes an expansion of Wytec's partnership with Lemko Corporation under a Master Services Agreement, leveraging their combined intellectual property and products to commercialize and offer Smart Sensor solutions globally. Lemko Corporation, with over 50 patents related to its Distributed Mobile Architecture (DMA), is expected to significantly enhance Wytec's expansion efforts. Robert Sanchez, Wytec's CTO, emphasized that this collaboration will assist in solving critical safety issues impacting communities and schools.
Wytec plans to file its Nasdaq uplisting application in November, which will provide increased exposure to capital markets and access to a $100 million shelf registration contract with Global Emerging Markets, a $3.5 billion private alternative investment group focused on emerging markets worldwide. This financial backing is crucial for scaling the deployment of the Smart Sensor technology, ensuring broader implementation and enhanced public safety measures. Brian Ponte, Vice President of Sales and Marketing for Lemko, expressed excitement about the partnership, highlighting its potential to deliver solutions that improve safety and protect children across the United States and internationally.
For further information, visit https://www.wytecintl.com or https://www.lemkocorp.com.
Curated from NewMediaWire
