Gyrotron Technology (GYTI) 0.7400 $GYTI
Gyrotron Technology Inc. Elects Jan H. Loeb to Its Board of Directors
Marketwire - Tue Jul 22, 2:11PM CDT
Gyrotron Technology Inc. (PINKSHEETS: GYTI), a developer of innovative industrial technologies, announced today that Mr. Jan H. Loeb has been elected to its Board of Directors.
PTX: 9.15 (+0.03), TATT: 7.15 (-0.05)
Gyrotron Technology Inc. Announces Availability of New Glass Melting Technology
Marketwire - Thu Jun 26, 3:52PM CDT
Gyrotron Technology Inc. (PINKSHEETS: GYTI), a developer of innovative industrial technologies, announces the availability of new and improved glass melting technology. The technology utilizes the gyrotron, a very powerful source of high frequency microwave energy and can be used for rapid direct melting of new batch ceramics, glass, glass scrap and glass dust, and could enable the use of small glass molten tanks that allow rapid product changeover.
Gyrotron Technology Updates Installation Information; Generating Revenue Through Production Royalty
Marketwire - Mon Mar 17, 3:56PM CDT
Gyrotron Technology Inc. (PINKSHEETS: GYTI), a developer of innovative processing technology solutions, has been informed by its customer that its cryogenic-free gyrotron installation is now being used in regular production and has begun generating a royalty stream for GYTI. Based on discussions with the customer, GYTI believes that over time the customer will order four or more additional gyrotron installations related to the current project. The customer also indicated its intention to commence at least one additional project with GYTI involving a different application in 2014.
Gyrotron Technology Inc. Announces Receipt of $355,000 Equity Investment
Marketwire - Tue Mar 11, 7:17PM CDT
Gyrotron Technology Inc. (PINKSHEETS: GYTI), a developer of innovative processing technology solutions, announced today that it has received $355,000 in equity investment, $340,000 of which was provided by a major shareholder. The Company sold 10,145 Units at $35/Unit, each unit consisting of (a) one share of 10% junior convertible preferred stock with a liquidation preference of $35 convertible into 50 shares of common stock (i.e. a fixed conversion price of $0.70/shr) and (b) 50 warrants exercisable at $1.00, expiring 12/31/16. However, if after 12/31/14 the common stock underlying the warrants is registered, the warrants will expire 60 days after such registration. The company is seeking additional capital, from accredited investors only, on similar terms.
Gyrotron Technology Inc. Successfully Tests Plastics Technology for High-Volume Consumer Application
Marketwire - Sun Jul 28, 11:01PM CDT
Gyrotron Technology Inc. (PINKSHEETS: GYTI), a developer of innovative industrial technologies, announced today that a major consumer products company had contracted with GYTI for paid testing to study the feasibility of using the gyrotron in a high-volume consumer application. During testing, GYTI successfully demonstrated its ability to cure a specialized plastic foam to customer specifications in a fraction of the time, and using a fraction of the energy, required by conventional technology.
Glass Tempering Technology Provisional Patent Application Filed by Gyrotron Technology Inc.
Marketwire - Tue May 07, 6:55AM CDT
Gyrotron Technology Inc. (PINKSHEETS: GYTI), developer of innovative industrial technologies, has filed a provisional patent application for a new technology for glass tempering, one of the primary methods of producing safety glass. The technology utilizes the gyrotron, a very powerful source of high frequency microwave energy. Most safety glass is produced by tempering and/or by laminating. Tempered glass is used extensively in the automotive and construction industries.
Produce Decontamination Technology Provisional Patent Application Filed by Gyrotron Technology Inc.
Marketwire - Mon Apr 29, 7:02AM CDT
Gyrotron Technology Inc. (PINKSHEETS: GYTI), developer of innovative industrial technologies, has filed a further provisional patent application for its technology for decontamination of solid and semi-solid produce (e.g. cantaloupes, cucumbers and fruit). In GYTI's laboratory scale tests, heating surfaces of certain kinds of produce for a small fraction of a second with a gyrotron, a very powerful source of high frequency microwave energy, reduced the bacteria count on those surfaces by a factor of greater than 100,000, without compromising appearance.
Gyrotron Technology Inc. Announces Intention to Become an SEC Registrant
Marketwire - Mon Mar 11, 10:17AM CDT
Gyrotron Technology Inc. (PINKSHEETS: GYTI), a high performance industrial process technology company, announced today that it has engaged its auditors, Freed Maxick CPAs, P.C., to provide it with audited financial statements for the year ended December 31, 2012. Upon the receipt of those statements the Company intends to prepare and file a Form 10 with the Securities and Exchange Commission to become a reporting company with the SEC.
Gyrotron Technology Inc. Elects Jan H. Loeb to Its Board of Directors
Marketwire - Tue Jul 22, 2:11PM CDT
Gyrotron Technology Inc. (PINKSHEETS: GYTI), a developer of innovative industrial technologies, announced today that Mr. Jan H. Loeb has been elected to its Board of Directors.
PTX: 9.15 (+0.03), TATT: 7.15 (-0.05)
Gyrotron Technology Inc. Announces Availability of New Glass Melting Technology
Marketwire - Thu Jun 26, 3:52PM CDT
Gyrotron Technology Inc. (PINKSHEETS: GYTI), a developer of innovative industrial technologies, announces the availability of new and improved glass melting technology. The technology utilizes the gyrotron, a very powerful source of high frequency microwave energy and can be used for rapid direct melting of new batch ceramics, glass, glass scrap and glass dust, and could enable the use of small glass molten tanks that allow rapid product changeover.
Gyrotron Technology Updates Installation Information; Generating Revenue Through Production Royalty
Marketwire - Mon Mar 17, 3:56PM CDT
Gyrotron Technology Inc. (PINKSHEETS: GYTI), a developer of innovative processing technology solutions, has been informed by its customer that its cryogenic-free gyrotron installation is now being used in regular production and has begun generating a royalty stream for GYTI. Based on discussions with the customer, GYTI believes that over time the customer will order four or more additional gyrotron installations related to the current project. The customer also indicated its intention to commence at least one additional project with GYTI involving a different application in 2014.
Gyrotron Technology Inc. Announces Receipt of $355,000 Equity Investment
Marketwire - Tue Mar 11, 7:17PM CDT
Gyrotron Technology Inc. (PINKSHEETS: GYTI), a developer of innovative processing technology solutions, announced today that it has received $355,000 in equity investment, $340,000 of which was provided by a major shareholder. The Company sold 10,145 Units at $35/Unit, each unit consisting of (a) one share of 10% junior convertible preferred stock with a liquidation preference of $35 convertible into 50 shares of common stock (i.e. a fixed conversion price of $0.70/shr) and (b) 50 warrants exercisable at $1.00, expiring 12/31/16. However, if after 12/31/14 the common stock underlying the warrants is registered, the warrants will expire 60 days after such registration. The company is seeking additional capital, from accredited investors only, on similar terms.
Gyrotron Technology Inc. Successfully Tests Plastics Technology for High-Volume Consumer Application
Marketwire - Sun Jul 28, 11:01PM CDT
Gyrotron Technology Inc. (PINKSHEETS: GYTI), a developer of innovative industrial technologies, announced today that a major consumer products company had contracted with GYTI for paid testing to study the feasibility of using the gyrotron in a high-volume consumer application. During testing, GYTI successfully demonstrated its ability to cure a specialized plastic foam to customer specifications in a fraction of the time, and using a fraction of the energy, required by conventional technology.
Glass Tempering Technology Provisional Patent Application Filed by Gyrotron Technology Inc.
Marketwire - Tue May 07, 6:55AM CDT
Gyrotron Technology Inc. (PINKSHEETS: GYTI), developer of innovative industrial technologies, has filed a provisional patent application for a new technology for glass tempering, one of the primary methods of producing safety glass. The technology utilizes the gyrotron, a very powerful source of high frequency microwave energy. Most safety glass is produced by tempering and/or by laminating. Tempered glass is used extensively in the automotive and construction industries.
Produce Decontamination Technology Provisional Patent Application Filed by Gyrotron Technology Inc.
Marketwire - Mon Apr 29, 7:02AM CDT
Gyrotron Technology Inc. (PINKSHEETS: GYTI), developer of innovative industrial technologies, has filed a further provisional patent application for its technology for decontamination of solid and semi-solid produce (e.g. cantaloupes, cucumbers and fruit). In GYTI's laboratory scale tests, heating surfaces of certain kinds of produce for a small fraction of a second with a gyrotron, a very powerful source of high frequency microwave energy, reduced the bacteria count on those surfaces by a factor of greater than 100,000, without compromising appearance.
Gyrotron Technology Inc. Announces Intention to Become an SEC Registrant
Marketwire - Mon Mar 11, 10:17AM CDT
Gyrotron Technology Inc. (PINKSHEETS: GYTI), a high performance industrial process technology company, announced today that it has engaged its auditors, Freed Maxick CPAs, P.C., to provide it with audited financial statements for the year ended December 31, 2012. Upon the receipt of those statements the Company intends to prepare and file a Form 10 with the Securities and Exchange Commission to become a reporting company with the SEC.
