Wytec International, a fully reporting non-listed company and leading developer and integrator of patented IOT solutions, has secured a $100 million investment commitment from Luxembourg based Global Emerging Markets. This investment will allow Wytec to advance and deliver on the company’s mission of deploying network based public safety solutions, such as citywide 5G cellular, public safety, remote learning, gunshot detection and electric grid management solutions. The funding commitment will allow Wytec to draw down funds by issuing shares of its common stock to GEM, with Wytec maintaining complete control over the timing and magnitude of such drawdowns.
