“We are extremely pleased to welcome Östersjöstiftelsen (The Foundation for Baltic and East European Studies) as a new owner in LYYN. With Östersjöstiftelsen’s cash injection and their experience in developing companies in a similar phase to ours, we see a very bright future.
We released our first product, LYYN T38, in November last year. [...]

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LYYN AB has secured extra financing of 1.5 MSEK. This has been achieved through an issue of preferential shares to the existing owners and via a loan from ALMI, a governmental financier of small companies.
”Our business model is based on technology licensing and our revenues increase in line with our customers’ market success. Since we [...]

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Augmenta and partners invest 1,000,000 SEK in technology company LYYN AB in Lund, who have developed and applied for patent for an advanced software, LYYN V.E.T. (Visibility Enhancement Technology). LYYN V.E.T gives improved visibility in poor weather conditions such as fog, haze, snow, rain, sandstorms, under water and in the dark.
The software has many application [...]

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Our fund raising efforts are highlighted by the local newspaper Sydsvenska Dagbladet:http://w1.sydsvenskan.se/Article.jsp?article=10085308
The article is in Swedish.
The article reports from a Business Angel meeting arranged by Connect Skåne, where LYYN™ is one of four start-up companies looking for financing. Our technology must have interested the reporter since he completely focused on LYYN.

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