| Type | Public |
|---|---|
| Traded as | TSX-V: LTK |
| Industry | Integrated Circuits |
| Founded | 1983 |
| Headquarters | Quebec City, Quebec, Canada |
| Key people | Louis Bélanger, CEO |
| Products | FPGA and DSP Development, Missile Warning Systems |
| Employees | ~90 |
LYRtech inc. (TSX-V: LTK) is a digital signal processing development company based in Quebec City, Quebec, Canada. Its Innovator division, acquired in 2006, for nearly 3M$, was sold back for roughly 300,000$ in late 2007, as part of a restructuring plan designed to save the company. Lyrtech designs and produces electronics systems for audio processing, video processing, networking, voice over IP processing, and wireless communications. In addition, Lyrtech develops aerospace and military electronics for applications including geolocation, missile warning systems, and laser warning receivers.
In November 2006, Lyrtech released a small form factor software defined radio development platform in partnership with Texas Instruments and Xilinx.[1]
In November 2011, the complete assets of the company were taken as repayment by one of the main creditors, Finex Corp. Following this move, Lyrtech was left without assets and operations and has been delisted from TSX-V. Last trades were at 0.005 (1/2 cent) per share, giving the company valuation at about $200,000.
Current status (as of Nov. 25, 2011) of the company is unknown, but as no operations, no assets and no value. Hundreds of small investors lost all their money in this company from Quebec city.
Lyrtech was ranked 43 in the 2007 Canadian Technology Fast 50 by Deloitte.[2]