LYRtech inc. is a digital signal processing

Digital signal processing

Digital signal processing is concerned with the representation of discrete time signals by a sequence of numbers or symbols and the processing of these signals. Digital signal processing and analog signal processing are subfields of signal processing...

 development company based in Quebec City

Quebec City

Quebec , also Québec, Quebec City or Québec City is the capital of the Canadian province of Quebec and is located within the Capitale-Nationale region. It is the second most populous city in Quebec after Montreal, which is about to the southwest...

, Quebec

Quebec

Quebec or is a province in east-central Canada. It is the only Canadian province with a predominantly French-speaking population and the only one whose sole official language is French at the provincial level....

, Canada

Canada

Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...

. 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

Video processing

In electrical engineering and computer science, video processing is a particular case of signal processing, which often employs video filters and where the input and output signals are video files or video streams. Video processing techniques are used in television sets, VCRs, DVDs, video codecs,...

, networking

Computer network

A computer network, often simply referred to as a network, is a collection of hardware components and computers interconnected by communication channels that allow sharing of resources and information....

, voice over IP

Voice over IP

Voice over Internet Protocol is a family of technologies, methodologies, communication protocols, and transmission techniques for the delivery of voice communications and multimedia sessions over Internet Protocol networks, such as the Internet...

 processing, and wireless

Wireless

Wireless telecommunications is the transfer of information between two or more points that are not physically connected. Distances can be short, such as a few meters for television remote control, or as far as thousands or even millions of kilometers for deep-space radio communications...

 communications. In addition, Lyrtech develops aerospace

Aerospace

Aerospace comprises the atmosphere of Earth and surrounding space. Typically the term is used to refer to the industry that researches, designs, manufactures, operates, and maintains vehicles moving through air and space...

 and military

Military

A military is an organization authorized by its greater society to use lethal force, usually including use of weapons, in defending its country by combating actual or perceived threats. The military may have additional functions of use to its greater society, such as advancing a political agenda e.g...

 electronics for applications including geolocation

Geolocation

Geolocation is the identification of the real-world geographic location of an object, such as a radar, mobile phone or an Internet-connected computer terminal...

, missile

Missile

Though a missile may be any thrown or launched object, it colloquially almost always refers to a self-propelled guided weapon system.-Etymology:The word missile comes from the Latin verb mittere, meaning "to send"...

 warning systems, and laser

Laser

A laser is a device that emits light through a process of optical amplification based on the stimulated emission of photons. The term "laser" originated as an acronym for Light Amplification by Stimulated Emission of Radiation...

 warning receivers

Laser warning receiver

A laser warning receiver is a type of warning system used as a passive military defence. It detects laser emission from laser guidance systems and laser rangefinders. Then it alerts the crew and can start various countermeasures, like smoke wall, aerosol screen A laser warning receiver is a type of...

.

In November 2006, Lyrtech released a small form factor software defined radio development platform in partnership with Texas Instruments

Texas Instruments

Texas Instruments Inc. , widely known as TI, is an American company based in Dallas, Texas, United States, which develops and commercializes semiconductor and computer technology...

 and Xilinx

Xilinx

Xilinx, Inc. is a supplier of programmable logic devices. It is known for inventing the field programmable gate array and as the first semiconductor company with a fabless manufacturing model....

.

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.