HYT represents a new concept in watchmaking — HYT stands for “Hydro Mechanical Horologists” and the brand will be dedicated to producing watches that not only contain liquid in them but use the liquid for a functional purpose.

HYT claims 7 pending patents for various aspects of the H1, further underscoring the new ground that HYT CEO Vincent Perriard is breaking with this watch.

Coming in three case styles the H1 will be available in titanium, DLC black coated titanium, and 18k red gold. The case will be 48mm wide and 18mm thick.

Of course the most notable aspect of the watch is the luminescent greenish-yellow liquid ring you see around the dial. The H1 uses the liquid to display the hours on a circular tube around the edge of the dial.

The two piston looking devices you see on the bottom of the dial are used to push and pull the liquid to show the time on the scale.

The minutes are displayed on the medium-sized sub dial set near the center-top watch, with a cool paddle-wheel style seconds hand to the left.

On the right you can see there is also a power reserve indicator (65 hours) for the manual-wind mechanical movement.

The HYT H1 watch price is $45,000 for the titanium model (the titanium DLC and red gold models with be meaningfully higher).

Source: Perpetuelle – HYT will officially unveil the H1, March 7th – at Baselworld 2012.