GYRN TECH : Gyrotron Technology Inc. : Form 10 Registration Statement Declared Effective by the SEC
February 05, 2015 at 12:03 am
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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.
About Gyrotron Technology - OTC:GYTI - GYTI develops and markets unique processing technology solutions for a broad range of industries, including glass, plastics, semiconductors, and food. Most of these utilize the gyrotron, a very powerful source of high-frequency microwave energy. These solutions open new horizons, substantially enhancing productivity and cutting costs by, among other things, applying heat in a dramatically more efficient and effective manner than is possible with legacy technologies. Please visit our website http://www.gyrotrontech.com/ for additional information.
Forward-Looking Statements This release and the materials referred to herein contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain, as they are based on current expectations and assumptions concerning future events or future performance of GYTI. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties inherent herein and in publically available information on GYTI, including filings with the SEC. These risks and uncertainties could cause actual results to differ materially from those indicated in the forward-looking statements.
Gyrotron Technology, Inc. is an industrial technologies company. The Company develops and seeks to license industrial technologies primarily to the glass, semiconductor, food, footwear, adhesives and plastics industries, providing a method for heating for industrial processing. Its operations include developing and licensing industrial technologies based on the gyrotron beam, and marketing a continuous in-line process and equipment for the lamination of architectural flat glass and displays, and encapsulation of solar modules (the Gyrotron Laminating System). The Company has developed gyrotron beam applications in various fields of materials processing, including glass heating, melting, cutting, bending, sealing and tempering; semiconductor fabrication; solar cell processing, and ceramic firing, heating, coating and sealing. It provides Gyrotron technology, which is used to process polymers, wood, ceramics, minerals, fiberglass, composites, organic and other non-metallic materials.