GYTI receives 7th US Patent — Method for the Chemical Strengthening of Glass
Technology Expected to Provide Significant Process Improvements to Growing Two Billion Plus Chemical Tempering Industry.
BENSALEM, PA–(Marketwired – February 01, 2017) – Gyrotron Technology Inc. (OTC PINK: GYTI), an industrial process technology company, announced that it has received US Patent 9,505,654 titled Method for the Chemical Strengthening of Glass. The patent covers a highly innovative approach to the chemical tempering of glass that in lab-scale tests accomplishes the ion — exchange that is the critical step of chemical tempering in less than 10% of the time needed by conventional technology. Further, while conventional technology requires the use of expensive specialty glass, lab scale tests suggest that the GYTI’s technology could be applied to ordinary glass as well, which would result in significant cost savings. Chemically tempered glass is widely used in hand held devices as well as many other applications such as automotive and aerospace.
GTI Executes Agreement for Advancing Its Innovative Heat Tempering Technology
Technology Expected to Provide Significant Improvements to Multi-Billion Dollar Tempered Glass Market
BENSALEM, PA–(Marketwired – August 02, 2016) – Gyrotron Technology Inc. (OTCBB: GYTI), an industrial process technology company, entered into an agreement with a leading manufacturer of tempering equipment pursuant to which the manufacturer will design, produce, and thereafter, jointly with GYTI, test a prototype glass heat tempering machine utilizing GYTI’s highly innovative heat tempering technology. Subsequently, GYTI anticipates negotiating an exclusive license agreement with the manufacturer for certain geographic areas.
GTI Announces Availability of Improved GLS System for High Speed Autoclave-Free Laminating
BENSALEM, PA–(Marketwired – January 13, 2016) – Gyrotron Technology Inc. (OTCBB: GYTI), an industrial process technology company, announced today the availability of its newly improved GLS system for high-speed autoclave free laminating. The GLS technology and equipment is designed for producing a very broad range of laminated glass product, is fully automated and easy to operate, and offers substantial benefits, including reductions in capital costs, labor, energy, and floor space. The GLS can process virtually any size and variation of glass thickness and the laminating cycle generally is the range of two to six minutes, depending on dimensions.
GTI Executes Agreement for Manufacturing and Marketing Improved GLS System for High Speed Autoclave-Free Laminating
BENSALEM, PA–(Marketwired – January 08, 2016) – Gyrotron Technology Inc. (OTCBB: GYTI), an industrial process technology company, entered into an agreement with a manufacturer of glass processing equipment to produce the company’s newly improved GLS system for high-speed autoclave free laminating. The GLS technology and equipment is designed for producing a very broad range of laminated glass product, is fully automated and easy to operate, and offers substantial benefits, including reductions in capital costs, labor, energy, and floor space. Pursuant to the agreement both GYTI and the manufacturer will initially market the GLS system and share profit. The manufacturer expects the equipment to be ready for delivery next quarter. GYTI and the manufacturer anticipate negotiating an exclusive license agreement for certain geographic areas later in 2016.
GTI Develops New Technology for Tempering Thin Glass; Files Provisional Patent
BENSALEM, PA–(Marketwired – Sep 9, 2015) – Gyrotron Technology Inc. (OTCBB: GYTI), an industrial process technology company, announced today that it has developed novel technology for the tempering of thin glass utilizing a gyrotron beam. The company has filed a provisional patent application with respect to its new technology.
GTI Enters Into Sub-Award and Development Agreement With PPG Industries Inc.
BENSALEM, PA–(Marketwired – May 12, 2015) – Gyrotron Technology Inc. (OTCBB: GYTI), announced today that it has entered into a Sub-award and Development Agreement (the “Agreement”) with PPG Industries, Inc. (“PPG”). GYTI will assist PPG as a subcontractor in a project majority funded by the Department of Energy (“DOE”) which calls for PPG to demonstrate components of a fabricate-on-demand vacuum insulating glazing manufacturing process. GYTI was retained by PPG to provide expertise relating to microwave heating techniques as applied to glass joining processes. PPG’s contract with the DOE calls for 70%/30% cost sharing between the DOE and PPG, and GYTI’s subcontract also calls for GYTI to bear 30% of the cost of its work. If the DOE continues to fund the project and the Agreement is not otherwise terminated, the Agreement contemplates that GYTI will receive $120,658 through PPG over a two and a half year period.
GTI Form 10 Registration Statement Declared Effective by the SEC
BENSALEM, PA — (Marketwired – Feb. 4, 2015) — Gyrotron Technology Inc. (PINKSHEETS: GYTI), a developer of innovative industrial technologies, is pleased to announce that its Form 10 registration statement was declared effective by the Securities and Exchange Commission last week. As a result, the Company is now subject to the reporting requirements of the SEC.
BENSALEM, PA–(Marketwired – July 22, 2014) – 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.
Gyrotron Technology Inc. (PINKSHEETS: GYTI), a developer of innovative industrial technologies, announced today that last month it entered into a $120,000 development contract with a major consumer products company to continue work on using the gyrotron in a high-volume consumer application. This contract is a follow-on to a smaller contract successfully completed in ’13, during which GYTI successfully demonstrated its ability to cure specialized material to customer specifications in a fraction of the time, and using a fraction of the energy, required by conventional technology. GYTI expects to complete its work under the contract in the 3rd quarter of this year.
GTI Announces Successful Launch of First Commercial Cryogenic – Free Gyrotron Installation
Gyrotron Technology Inc. (GYTI), a developer of unique industrial heating technologies, announced today that it has successfully launched its first commercial cryogenic-free gyrotron installation. The customer is now expected to spend the coming months developing and perfecting production techniques for a range of products using the gyrotron and the new production line it has developed and built. Thereafter, the line is to be put into regular use and generate a royalty stream for GYTI.
