Wytec International Launches $10 Million Offering for AI-Powered School Safety Technology

Wytec International, Inc. (OTCQB: WYTC), a San Antonio-based Artificial Intelligence (AI) 5G company, has initiated a $10 million private offering to finalize its patented AI-powered gunshot and drug detection technology. This effort is part of Wytec's commitment to improving school safety and preventing the spread of harmful substances in schools across the U.S. and internationally.

The funding, secured through a SEC 506(c) 9.5% $10,000,000 Convertible Secured Note Offering, is pivotal for the completion of Wytec's AI Gunshot/Sensor technology. This technology is designed to safeguard students from shooter violence and detect drugs within Independent School Districts (ISDs). Initial lab tests have shown promising results, with an 86% true positive accuracy for gunshots and a 94% true negative accuracy for non-gunshots, as reported by Robert Sanchez, Wytec's CTO.

Interest in Wytec's technology is growing, with 40 Texas ISDs expressing a desire to participate in the company's pilot program. This initiative involves collaboration with various national and international vendors, indicating the project's potential for broad application.

Wytec's technology leverages its existing patented small cell intellectual property, integrating smart sensors and AI/ML software solutions. The company is awaiting final approval from the United States Patent & Trademark Office (USPTO) for related provisional patents, with Denton Law assisting in securing its intellectual property portfolio.

Beyond advancing its AI Gunshot/Sensor technology, the 9.5% Note Program will aid Wytec's efforts to uplist to the Nasdaq Capital Markets, potentially enhancing its market presence and access to capital. The private offering is open exclusively to accredited investors, aligning with Wytec's strategy to fund its projects while retaining development control.

At a time when school safety and drug prevention are paramount concerns, Wytec's AI-powered solutions offer a promising avenue for protecting educational environments. The successful deployment of this technology could significantly impact school safety protocols, offering a new standard for threat detection and prevention.

As Wytec progresses with its technology and expansion, the outcomes of this private offering and the subsequent implementation of its AI Gunshot/Sensor technology will be of keen interest to stakeholders across education, policy, and investment sectors, marking a notable advancement in the application of AI for societal benefit.