PRESS RELEASE: Wytec (WYTC) Secures $100 Million Investment Commitment from GEM as Company Nears NASDAQ Listing
Investment Commitment to Fund Wytec’s AI/Blockchain Patented Technology SAN ANTONIO, TX, Oct. 04, 2023 (GLOBE NEWSWIRE) — via NewMediaWire – Wytec International (“Wytec”), a fully reporting non-listed company and leading developer and integrator of patented IOT solutions, announced today that it has secured a $100 million investment commitment from Luxembourg based Global Emerging Markets (“GEM”). 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. “Wytec’s new gunshot detection solution, utilizing AI and Blockchain technology, will provide greater accuracy and control to public safety officials in times of emergency,” said Robert Sanchez, Wytec’s Interim Chief Technology Officer. “The new software and the Company’s patented LPN-16 small cell are poised to provide municipalities,… read more