SAN ANTONIO, TX, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Wytec International, Inc. (OTCQB:WYTC), an Artificial Intelligence (AI) 5G company, announced today the commencement of its SEC 506(c) 9.5% $10,000,000 Convertible Secured Note Offering (Secured by its Patents), utilized to complete the funding of its AI Gunshot/Sensor technology in support of protecting America's children from increased shooter violence and detecting harmful drugs infiltrating U.S. Independent School Districts (ISDs) across America and Internationally. The AI/Sensor technology includes the engagement of multiple national and international vendors participating in the Company's Pilot Project in support of 40 Texas ISDs requesting to participate in Wytec's pilot program. "The Company's initial lab results (over 300,000 samples) produced an 86% true positive accuracy for gunshots and a 94% true negative accuracy for non-gunshots under real-life environments," remarks Robert Sanchez, Wytec CTO.
Wytec currently owns patented small cell intellectual property designed to incorporate smart sensors and AI/ML software solutions. These solutions will be included in its newest provisional patents, which are awaiting final approval from the United States Patent & Trademark Office (USPTO). Wytec has engaged Denton Law, one of the largest national and international law firms in the world, to complete its patent applications.
Wytec's 9.5% Note Program will be utilized to complete its AI ...
