Category Archives: Company Report

ZeroAvia Awarded Government Funding Through Two Additional Grants

On January 27, 2021, clean aviation company ZeroAvia announced receiving two government grants. These two grants will provide an additional £1.2M in funds. These additional funds will be used to improve low-carbon aviation and research new hydrogen fuel cell technology. These two programs seek to further green technologies in aviation.

The Project HEART programme focuses on hydrogen-electric transportation. ZeroAvia will work with them to help develop green-hydrogen infrastructure and aircraft for its airline partner Loganair. The differences in how hydrogen-electric airplanes work also make developing new maintenance regimens.

Project STATE aims to set up a green aviation test centre. ZeroAvia will provide flight testing in what will be the UK’s first low-carbon aviation centre. According to, the test center will provide important data for continuing to develop greener aviation systems. The project plans to set up this centre in Orkney, Scotland.

ZeroAvia has previously delivered the world’s first six-seat hydrogen-electric aircraft, the HyFlyer I. The additional funding follows a £12.3m UK Government grant. This funding combined will also provide the R&D team the necessary fund to build a bigger aircraft. The HyFlyer II project will develop an aircraft that can carry up to 19 passengers using a hydrogen-electric powertrain. Both of these aircraft use zero-emission hydrogen fuel cell technology.

As a leader in clean, zero-emission aviation, the company is on track for commercial operations in 2023. The founder and CEO of ZeroAvia Val Miftakhov remarked that working with these initiatives will show zero-emission aviation is appealing from both a commercial and engineering standpoint.

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How EOS Found Success

When EOS designed their lip balm, they did so with intentions of exciting all five of the users’ senses. Their lip balms certainly do that, and it is a feeling that people love. EOS lip balms are appealing to the eye, thanks to the fun and trendy packaging. The lip balms are tasty, thanks to the eight-flavor selection available. And, without any toxic products, they’re safe to use. The lip balms soften and soothe the lips, and that is exactly what you want in a beauty product like this. All these things combined have helped EOS lip balm become a name that everyone loves to use. The lip balms created by the brand never seem to fail to meet expectations, and it doesn’t appear that is going to change any time soon. EOS is now the second-leading lip balm brand out there, beating out Chapstick for the lead.

EOS is now a multi-million-dollar company, just seven years after they began their small startup. The lip balm first appeared on the shelves at Walgreens stores, quickly making their way into the hands of magazine beauty editors, celebrities, and people just like you and I. Te lip balms made their rounds so quickly because they work so wonderfully. The lip balms certainly provided a needed change from what Chapstick had to offer. EOS has changed the way that women use lip balm, proving that a beauty brand can be fun and still be a success. Visit to learn more.

The Performance of Slyce In The Last Quarter of 2015

As loyal customers and investors, the recent Slyce has come up with many mobile apps that raise interests as to how the company performed in last financial year, ending 31st October, 2015. The company released them and are available for scrutiny at

The reports released take two forms, namely: business reports, technological advancements and ordinary financial statements. Below is a summary of the three reports.

Business Reports

Slyce made major achievements during the financial year which ranged from entering into deals with investors and improving existent and developing new visual search software. The major announcements declared included:

Partnership with SHOES.COM

Slyce entered into a partnership with online footwear retailer SHOES.COM and North American online shoe retailer Under the agreement, Slyce will be able to market its products to many people as they will be used to take pictures of ladies’ shoes and uploaded to the website where similar items can be identified and delivered to the customers.

Neiman Marcus

Fashion retailer extended the use of Slyce technology to all its product lines. Initially Neiman Marcus had an engagement where only a limited number of items could be accessed via Slyce apps. However, with the new NM app, Neiman Customers can take 3D photos of any products and match them with those available at Neiman Marcus and place orders for them.

Technological achievements

Universal scanner

Slyce introduced a new universal scanner that would enable retailers to identify any kind of objects ranging from printed materials, bar-codes and physical objects. The scanner is developed as an improvement to retailer apps both for iOS and Android. This scanner has mobile browser capabilities enabling customers to scan the objects and upload them to their websites.

Financial Reports

Slyce recorded quite a substantial increase in sales in 2015 to the tune of $1,692,292. The increase was recorded as 1784% of the revenue received as at 31st October, 2014. However, the expenses were very many to an extent that the company posted a net loss of $12,069,466. Hope is not bleak since the loss recorded is less than $17,576,576 recorded during the 2014 financial year.

About Slyce

Slyce is a visual technology service provider based in Toronto, Canada. Its main focus is to create an effective sales channel between retailers and their customers. Its products range from visual search platforms and consumer mobile apps.