Gyrotron Technology has 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. 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. GYTI develops and markets processing technology solutions for a broad range of industries, including glass, plastics, semiconductors, and food.