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Stock impact report

Bannix and GBT Partner to Bring Revolutionary Imaging Tech "VisionWave" to Market

Bannix Acquisition Corp. (BNIX) 
Company Research Source: GlobeNewswire
Enter into Binding Business Combination Agreement 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. A New Vision for Imaging VisionWave has promise to revolutionize imaging and detection, particularly in military/combat and geological survey applications. Using radio waves, the goal of the system, which is under development, is to: Analyze reflections to create detailed 2D and 3D images of stationary and moving objects, including living being Show less Read more
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