Oryon Technologies, Inc. (OTCQB: ORYN) is a developer of next-generation electroluminescent ("EL") lighting technology. Oryon's patented technology trademarked ELastoLite®, enables thin, flexible, crushable, water resistant lighting systems to be incorporated into new and far-reaching product applications across multiple markets. The Company believes ELastolite® is a disruptive technology that will open up new markets and enable the creation of new products which would otherwise be unavailable without ELastoLite®technologies.
Oryon is initially focusing on developing solutions for the textile, apparel (specifically sports and safety), and membrane switches industries where its technology has already been deployed and achieved market acceptance. Some example of where the ELastoLite® technology has been used and tested are;
- inclusion as the keypad light source in over 125 million cell phones (including the Motorola RAZR cell phone);
- apparel products developed and sold by well-known companies such as Nike, Lands' End and Marmot Mountain Ltd.;
- ELastoLite® lit the costumes in the Disney film "Tron Legacy" and;
- Currently working with several Fortune 500 specialty apparel, sporting goods and safety product manufacturers to incorporate our lighting technology into a number of innovative products.
Oryon's technologies are heavily patented creating significant "barriers to entry" for potential competitors. The technologies are protected by over 55 patents issued or pending worldwide.
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History
Oryon Technologies acquired the initial elastomeric electroluminescent lighting technology patents and intellectual property in 2002 and began the developmental process of establishing commercial channels in various markets. One of Oryon's early successes in commercializing its IP was licensing the use of the technology in cell phone key pads which led to the back lighting of the key pad in the Motorola RAZR, amassing over 125 Million units sold. ELastoLite® has been featured in apparel products sold by Nike, Lands' End and Marmot Mountain Ltd. Oryon is currently working with numerous International brands for future product rollouts. Hollywood took notice of Oryon's revolutionary lighting application and commissioned the use of ELastoLite® technology for the costumes in the 2010 Disney blockbuster film "Tron Legacy" and for some costumes in the television series "Terra Nova". Each one of these applications and associated development has positioned Oryon to capitalize on their future applications and product development.
Company
Oryon Technologies, Inc. (OTCQB: ORYN) is a developer of next-generation electroluminescent ("EL") lighting technology. The patented technology trademarked as ELastoLite® enables thin, flexible, crushable, water resistant lighting systems to be incorporated into new and innovative product applications across multiple markets that otherwise would not have been feasible with previous lighting technology. Oryon has committed to initially focus its development on the textile and apparel industry, specifically sports and safety verticals, where the technology has already enjoyed successful implementation. Oryon's technology is heavily patented with over 55 patents issued or pending worldwide.
Vision
Light is the most basic and effective form of communication we as human beings can utilize. Whether for direction, style, safety, or assurance we have come to depend on light in all its forms. Oryon is a technology company focused on leveraging proprietary technology to not only incorporate light where it was not possible before, but to further develop the technology and intellectual property for the advancement of limitless applications. Currently Oryon will focus on continuing to market and develop the ELastoLite® brand in the key markets that have demonstrated acceptance and performance. Once critical mass is achieved in those key markets, Oryon aims to expand into molded specialty products which offers major competative advantages including applications for the defence, automotive and point-of-sale sectors. Ultimately, the company believes that it's technology and intellectual property applies to almost every industry and introduce significant aded value to an almost limitless number of products and technologies.
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