1. Wytec secured a $1.65M Bridge Loan for expansion. 2. IPSS combines advanced safety technologies to combat urban violence. 3. Sales initiatives target over 200 government entities through TXShare Contract. 4. Four-year revenue forecast to exceed $149 million. 5. Plans to uplist to Nasdaq by end of 2025.
The funding and revenue forecast indicate strong growth potential. Historical examples like companies in similar sectors show positive market reception to funding announcements.
The successful execution of the loan and sales agenda is crucial for WYTC’s growth. Positive funding news generates investor interest and confidence.
Revenue growth projections and product deployments will take time to materialize. Comparable companies have shown long-term benefits from strategic funding and partnership expansions.
Wytec International ("Wytec"), OTCQB: WYTC, is excited to announce its recent funding of a $1.65M Bridge Loan Facility. The Loan Facility will assist, among additional exposure to Wytec's publicly traded shares, expediting Wytec's aggressive "sales agenda" with its recent TXShare multi-government Contract. Wytec has implemented a Channel Partner Program to immediately begin calling on the TXShare Members introducing Wytec's Integrated Public Safety Solution (IPSS).
Wytec's IPSS combines AI-powered In-Building Cellular, Gunshot Detection, and Drug Sensing technologies initiated from a tri-party alliance with the Nextivity and Zeptive Corporations offering an innovative approach to public safety initiatives. Wytec, the architect of the IPSS, incorporates multiple patents related to in-building cellular, gunshot detection and drug sensing technologies in an effort to solve the rising gun and drug violence in America's cities and schools. Installation and maintenance will be managed by Wytec through a combination of integrators and independent installers upon sales initiated through Wytec's network of channel partners. Funding of the IPSS is assisted by multiple "U.S. Public Safety Grant Programs" further supporting Wytec's four-year Revenue Forecast projected to exceed $149 Million by year four.
Volume Sales are further supported by Wytec's TXShare Contract involving direct contact to over 200 cities, counties, transportation authorities, police departments and ISDs. Due to pricing flexibility within Wytec's IPSS, we are able to provide generous compensation to our Channel Partners along with the introduction of its initial "no-cost trials." Upon completing Wytec's product training and certification (achieved within 1 day), Channel Partners can immediately begin introducing the IPSS to Wytec's multi-government contacts.
To learn more about Wytec's IPSS and Channel Partner Program please click on Wytec Channel Partner Program.
About Wytec
Wytec International, Inc. is a San Antonio, Texas-based telecommunications company with recently approved AI patent awards related to small cell and gunshot detection technology issued by the United States Patent and Trademark Office (USPTO) supporting its AI Gunshot Technology. Wytec is currently listed on the OTCQB Market under the symbol OTCQB: WYTC with plans to uplist to Nasdaq by the end of 2025. To learn more about Wytec, visit www.wytecintl.com (currently under new development) or call us toll-free at 888-284-4531 or email Samantha Guajardo below.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250905245658/en/
Samantha Guajardo - Director of Investor & Public Relations
210-233-8980
pr@wytecintl.com