Bannix and GBT Partner to Bring Revolutionary Imaging Tech "VisionWave" to Market
WEST HOLLYWOOD, Calif., March 28, 2024 (GLOBE NEWSWIRE) -- Bannix Acquisition Corp. (“Bannix” or the “Company”) together with GBT Technologies, Inc. (“GBT”), announced today that the Company and VisionWave Technologies Inc., which is partially owned by GBT ("VisionWave") have executed a binding Business Combination Agreement (“BCA”) with the goal of bringing a groundbreaking imaging technology called "VisionWave” to market. This technology platform, backed by a portfolio of patents, leverages the power of radio waves and machine learning to create a new frontier in computer vision.
- VisionWave has promise to revolutionize imaging and detection, particularly in military/combat and geological survey applications.
- While the path to commercialization requires additional research, development, and strategic partnerships for successful market introduction, both Bannix and VisionWave are confident in the transformative potential of VisionWave.
- This innovative technology has the potential to redefine imaging and detection across various industries, from military applications to security and medical diagnostics.
- There is no guarantee that Bannix or Tokenize will overcome these hurdles.