Mytek derived from "My Tech(nology) or from "Mythic"

This is a question about tha correct pronunciaton of the word "Mytek".

Better if you are British and older than 50.

"Mytek the Mighty" was a gigantic robot gorilla that appeared for the first time in the UK magazine Valiant as an on-going story from 1964 to 1970 (609 pages altogether). Valiant was a British adventure comic magazine which ran from 1962 to 1976. It was published by IPC Magazines and was one of their most famous titles. Probably you will remember it if you are from the United Kingdom and you were born in the 1950s or 1960s. Some of the Mytek stories were reprinted in 1976 by Vulcan Fleetway, and it also appeared in the Albion series of comic books published by DC Comics Wildstorm in 2005-2006.

We know that the letter "y" could have 2 differents pronunciations in English:

1st) Like in mystery, funny, fifty, mythic, mythology...
2nd) Like in my, myope, myocarditis, why, mycologies, fly, why...

My questions are:

1) Any of you knew this character or read it?
2) How do you pronounce "Mytek" (the first word of the aforementioned character's name)? Do you use the 1st pronunciation or the 2nd? Why?

I've always thought that "Mytek" wasn't derived from "My tech(nology)" (in spite of being a robot), but from "myth" or "mythical", as Mytek was originally the name of the idol that the Akari worshipped. Mytek in the comics was created by a certain Professor Boyce as retaliation after his lab in West Africa was destroyed by hostile tribesmen. Boyce believed Mytek would defend him and his associates from this Akari tribe, but his misshapen assistant Gogra stole it in order to use it to mould the Akari into a world conquering army.

So if the authors of the story wanted to mean that it was "mythical", it would have the first pronunciation, but if they wanted to relate the name to technology (my technology) it would have the second. What do you think? Of course, English is not my native language.