HYT and Preciflex utilises CHF 23 million to launch new suite of products

Swiss-based HYT and sister concern Preciflex announced that the CHF23 million raised recently would be used for the launch of a new suite of Swiss-made products that are expected to be available on the market within 36 months. The investment will enable HYT to launch a new proprietary and powerful movement allowing case size reduction in addition to the introduction of multiple fluidic indications. The groundbreaking fluid technology is currently available in HYT’s disruptive and innovative mechanical timepieces that use liquid to indicate the time. Preciflex has various applications in the fields of micro and meso-fluidics that can be utilised in industries as diverse as the horological, automotive or medical sectors.