$1.35 +0.05 (+3.85%) As of 07/17/2025 12:34 PM Eastern
Wytec International, Inc., a Nevada corporation (“Wytec”), is a designer and developer of small cell technology and wide area networks designed to support 5G cell phone network coverage deployments across the United States. Wytec offers in-building and citywide 5G solutions utilizing multiple 5G equipment vendors in combination with its patented LPN-16 small cell technology to complete its network designs. Wytec was incorporated in November 2011 with the purchase of five (5) United States patents (all of which have since expired) directly related to local multipoint distribution service (“LMDS”) utilized in broadband wireless access technology and originally designed for digital television transmission. In June 2014, Wytec filed a provisional patent for its small cell technology which we now call the “LPN-16.” In December 2017, we were granted a patent for our LPN-16 by the United States Patent and Trademark Office (“USPTO”), patent number 9,807,032. The patent is described as an “Upgradeable, High Data Transfer Speed, Multichannel Transmission System (“UHTMTS”). In October 2019, Wytec, participated in a Request For Proposal (the “RFP”) issued by the Laredo Independent School District (“ISD”) in Laredo, Texas involving in-building cellular enhancement for the ISD. Wytec won the RFP and was awarded a contract with the Laredo ISD to provide cellular enhancement to 42 buildings within the district (the “Laredo Contract”). Laredo ISD is a member of the Central Texas Purchasing Alliance (“CTPA”), a collective of 150 ISDs including Laredo ISD. Due to language within the Laredo Contract and pursuant to Section 791.001 of the Texas Government Code, all members of the CTPA became eligible to utilize the same winning bid as the Laredo ISD. The CTPA consists of more than 4,300 buildings, representing approximately 513,270,000 square feet of potential cellular enhancement projects. Wytec is now building out its second and third school districts under the benefit of Section 791.001 of the Texas Code and is aligning itself to manage a more aggressive build-out within the CTPA over the coming three-year period. In addition to the current cellular enhancement service provided by Wytec to CTPA members, the Company has received a strong interest from certain CTPA members to construct a private Long Term Evolution (“LTE”) solution (to include Wytec’s patented LPN-16) for multiple counties, potentially representing substantially greater revenue opportunities for Wytec in the future. In addition, the Infrastructure and Jobs Act (H.R. 3684), signed into law by President Biden on November 15, 2021, dedicates significant funds in the amount of $6,797,439,357 to broadband initiatives particularly in schools and underserved student populations in school districts. We currently utilize Nokia for its Private LTE services but we were able to brand our own LTE service under a channel partner agreement with Nokia called SmartDAS™. Nokia is working with us in marketing our services to school districts and other projects and has been a source of referral for business to the Company. Currently, Nokia is designing video marketing material to help us market to ISDs and other school districts. Wytec International, Inc. 19206 Huebner Road, Suite 202 San Antonio, Texas.
