|By Marketwired .||
|June 26, 2014 04:52 PM EDT||
BENSALEM, PA -- (Marketwired) -- 06/26/14 -- 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.
Potential advantages of GYTI's technology include:
- Significant reductions in capital costs as well as energy and operating costs;
- Superior flexibility and simplified tooling and product changeover;
- Rapid and effective re-melting of glass scrap and glass dust.
"We are very pleased with the opportunity to address the huge market for glass melting with a process that could result in very significant reduction of energy usage and other operating costs," said Dr. Vlad Sklyar, President of GYTI. "This well tested technology makes GYTI the destination of choice for manufacturers of fiberglass, tubing, glass vessels and other similar glass products."
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. These risks and uncertainties could cause actual results to differ materially from those indicated in the forward-looking statements.
Dr. Vlad Sklyar