Curated News
By: NewsRamp Editorial Staff
September 05, 2024
Wytec International, Inc. Announces $10M Note Offering for AI Gunshot/Sensor Technology
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Discuss on SubstackTLDR
- Investors can gain advantage from Wytec's AI Gunshot/Sensor technology in support of public safety and school security.
- Wytec's AI/Sensor technology uses patented small cell IP and AI/ML software solutions to detect gunshots and harmful drugs.
- Wytec's technology aims to protect America's children from increased shooter violence and detect harmful drugs infiltrating U.S. schools.
- Wytec's AI Gunshot/Sensor technology has produced an 86% true positive accuracy for gunshots and a 94% true negative accuracy for non-gunshots.
Impact - Why it Matters
This news matters as it addresses the pressing issue of school safety and the detection of harmful substances in educational institutions. The development of this AI technology can potentially save lives and create a safer learning environment for students.
Summary
Wytec International, Inc. (OTCQB: WYTC) has announced the commencement of its SEC 506(c) 9.5% $10,000,000 Convertible Secured Note Offering to complete the funding of its AI Gunshot/Sensor technology. The technology aims to protect America’s children from increased shooter violence and detect harmful drugs infiltrating U.S. Independent School Districts. The company's lab results have shown promising accuracy, and it is engaging multiple national and international vendors for its Pilot Project.
Source Statement
This curated news summary relied on this press release disributed by NewMediaWire. Read the source press release here, Wytec International, Inc. Announces $10M Note Offering for AI Gunshot/Sensor Technology
