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Wytec Plans Nasdaq Uplisting to Accelerate AI Gunshot Detection Technology

Oct 18, 2024•over 1 year ago

Contract Type

partnership

San Antonio

Description

Wytec revealed its intention to uplist to the Nasdaq Capital Markets to accelerate the development and deployment of its AI-based gunshot detection technology. The company also expanded its partnership with the Lemko Corporation under a Master Services Agreement, aiming to leverage their collective intellectual property and products to commercialize Smart Sensor solutions.

Company Information

Company

Wytec

Location

San Antonio, Texas, United States

About

Wytec will list its shares on the NASDAQ Capital Markets via a Direct Public Listing (DPO) providing Wytec with greater control over its share price and share distribution. GEM’s commitment, through its Share Subscription Facility (SSF), will provide Wytec up to $100 Million over a 3-year period post listing. With certainty of the investment upon listing, Wytec is well positioned to advance and deliver on the company’s mission of deploying network based public safety solutions.

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Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
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