Wytec Aims for Nasdaq Uplisting to Expand AI-Based Gunshot Detection Technology

Wytec, a company at the forefront of AI-based gunshot detection technology, has announced its intention to uplist to the Nasdaq Capital Markets. This strategic decision is poised to accelerate the development and deployment of its innovative solutions, particularly the Pilot Smart Sensor Project, which has shown over 90% accuracy in detecting gunshots. The technology, tested in over 400,000 live samples and simulated environments, represents a significant advancement in addressing active threats within America's Independent School Districts (ISDs) and cities.

The uplisting initiative is complemented by an expanded partnership with Lemko Corporation, under a Master Services Agreement. This collaboration is expected to leverage the intellectual property and products of both companies to commercialize Smart Sensor solutions globally. Robert Sanchez, Wytec's CTO, highlighted the potential of Lemko's Distributed Mobile Architecture (DMA), protected by over 50 patents, to enhance Wytec's capabilities in combating gun violence and the drug epidemic affecting children and students across the U.S.

Wytec's plans to file its Nasdaq uplisting application in November are anticipated to open doors to increased capital market exposure and access to a $100 million shelf registration contract with Global Emerging Markets. This financial infusion could significantly amplify Wytec's ability to scale its technology, offering broader protection against gun violence and drug-related threats in educational and urban settings.

Brian Ponte, Vice President of Sales and Marketing for Lemko, shared his optimism about the partnership's potential to deliver safety solutions that protect children in the U.S. and abroad. This joint effort underscores a proactive approach to mitigating safety concerns in schools and cities, leveraging cutting-edge technology to foster safer environments.

Beyond gunshot detection, Wytec's portfolio includes proprietary AI and sensor technologies aimed at drug sensing and distance learning solutions, showcasing the company's comprehensive approach to public safety and educational technology. As national discourse increasingly focuses on school safety and urban gun violence, Wytec's initiatives offer promising technological solutions to these challenges, potentially setting new standards for threat detection and response.

The company's Nasdaq uplisting and collaboration with Lemko highlight the evolving role of technology in addressing societal safety challenges. Success in these endeavors could have profound implications for school safety protocols, urban security strategies, and the advancement of AI-driven detection systems, marking a significant step forward in the intersection of technology and public safety.