Wytec International Launches $10 Million Offering to Fund AI Gunshot Detection Technology for Schools

Wytec International, Inc. (OTCQB: WYTC), a San Antonio-based AI and 5G technology company, has launched a $10 million convertible secured note offering to fund the completion of its artificial intelligence (AI) gunshot and sensor detection technology. The company aims to address the growing concerns of school safety and drug infiltration in U.S. Independent School Districts (ISDs) across America and internationally.

The 9.5% Convertible Secured Note Offering, filed under SEC 506(c), is available to accredited investors and is secured by the company's patents. The funds raised will be used to finalize Wytec's AI-powered technology designed to protect students from shooter violence and detect harmful drugs in schools. Additionally, the offering will support Wytec's efforts to uplist to the Nasdaq Capital Market under the ticker symbol 'WYTC'.

Wytec's Chief Technology Officer, Robert Sanchez, reported impressive initial lab results for the company's gunshot detection technology. With over 300,000 samples tested, the system demonstrated an 86% true positive accuracy for gunshots and a 94% true negative accuracy for non-gunshots in real-life environments. These results underscore the potential effectiveness of the technology in enhancing school safety measures.

The company's AI/Sensor technology has already garnered significant interest, with 40 Texas ISDs requesting to participate in Wytec's pilot program. This pilot project involves collaboration with multiple national and international vendors, highlighting the broad appeal and potential applications of the technology.

Wytec currently owns patented small cell intellectual property designed to incorporate smart sensors and AI/ML software solutions. The company is awaiting final approval from the United States Patent & Trademark Office (USPTO) for its newest provisional patents related to this technology. To ensure the strength and validity of its intellectual property, Wytec has engaged Denton Law, a prominent international law firm, to complete its patent applications.

The development of AI-powered gunshot detection and drug sensing technology for schools represents a significant step forward in addressing critical safety concerns in educational institutions. As incidents of school violence and drug-related issues continue to make headlines, Wytec's innovative approach could provide a much-needed layer of protection for students and staff.

The potential uplisting to the Nasdaq Capital Market could increase Wytec's visibility and access to capital, potentially accelerating the development and deployment of its safety technologies. This move may also attract more investor attention to the growing market for AI-driven security solutions in the education sector.

As Wytec International progresses with its technology development and capital raising efforts, the company's initiatives could have far-reaching implications for school safety protocols and the application of AI in public safety. The success of this offering and the subsequent development of Wytec's technology may set new standards for how schools approach security and drug prevention in the coming years.

For more information about Wytec International and its technology initiatives, interested parties can visit www.wytecintl.com.