Slyce Inc.
TSX VENTURE : SLC
FRANKFURT : 06O1

Slyce Inc.

May 20, 2015 07:30 ET

Slyce Inc. Contracts With Photon - Leading Digital Innovation Partner for Corporations - as Mobile Visual Search Technology Provider

Slyce to Power Visual Product Search Within Mobile Applications Created for Photon's Fortune 500 Client Roster

TORONTO, ONTARIO--(Marketwired - May 20, 2015) -

Editors Note: There is a video associated with this press release.

Visual product search platform Slyce Inc. (TSX VENTURE:SLC) ("Slyce" or the "Company") today announced a signed contract with the world's largest and fastest growing provider of omni-channel and digital experiences, Photon.

The one-year rolling contract will see Slyce become Photon's provider of mobile visual product search technology. This will enable Photon to rapidly and seamlessly deploy Slyce's real world, 'snap to purchase', image recognition platform into digital experiences created for its client roster of Fortune 500 brands and retailers.

Photon is the global leader in mobile app development with a large retail presence, working with over 30% of the Fortune 100 as their digital innovation partner of choice. Photon has the largest digital consumer footprint with over 120MM daily consumer touch points as well as the largest pool of omni-channel engineers with over 3,400 engineers across offices in US, India and Indonesia.

"For leading brands and retailers, having visual product search technology integrated into their mobile commerce apps has become imperative, able to drive both increases in engagement and sales. This shift in perception is evidenced with Photon, the world's leading mobile commerce app development agency, selecting Slyce, the leading visual search provider, as its strategic partner," said Slyce CEO, Mark Elfenbein. "Having already partnered with Photon on two major retail app integrations, we're immensely excited to engage more formally with its sophisticated team and look forward to deploying our technology with more of the world's largest and best-known brands and retailers over the coming months."

"A differentiating aspect of Photon's value that our customers love is our digital lab, Photon Labs. There, we collaborate with vendors offering leading-edge technologies that hold big promise for digital transformation and we perfect them as solutions before rolling out on customer sites," said Srinivas Balasubramanian, Photon co-founder and CEO. "Through this formalized partnership, I am delighted to scale the early success we've seen with the excellent technology from Slyce in our labs and first joint customers."

About Slyce Inc.

Slyce (TSX VENTURE:SLC)(FRANKFURT:06O1) delivers sophisticated 3D visual search technology that empowers limitless customer engagement applications for companies and consumers starting with the simple snap of a photo on a mobile device.

Based in Toronto, ON, the company delivers its technology as a white-label visual search platform allowing retailers to increase customer engagement and through its family of consumer mobile apps. Slyce's technology is used by premier, large retail brands like Niemen Marcus and Tilly's.

For image download and further company information please click for the Slyce Media Kit.

About Photon

Photon is the world's largest and fastest growing provider of omni-channel and digital experiences. Photon works with over 30% of the Fortune 100s as their digital innovation partner of choice and has the largest digital consumer footprint with over 120 mn daily consumer touchpoints. Photon has the largest pool of omni-channel engineers with over 3,400 engineers globally. Learn more about Photon at http://www.photon.in.

READER ADVISORY

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Statements in this press release contain forward-looking information including, without limitation, Slyce's business plan, strategy and related milestones, Slyce's suggestions of future outcomes, the future use and development of its technology, future customers and business partners. The words "will," "anticipate," "believe," "estimate," "expect," "intent," "may," "project," "should," and similar expressions are intended to be among the statements that identify forward-looking statements. The forward-looking statements are founded on the basis of expectations and assumptions made by Slyce.

Readers are cautioned that assumptions used in the preparation of such information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Slyce.

Slyce does not undertake any obligation to update or revise any forward-looking statements except as expressly required by applicable securities laws.

None of the information contained on, or connected to, Slyce's website is incorporated by reference herein.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to United States Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

To view the video associated with this press release, please visit the following link: https://www.youtube.com/watch?v=cJupFMy9Ugg&feature=youtu.be

Contact Information

  • For further information and interviews, please contact:
    Slyce
    Mark Elfenbein
    (587) 897-0993
    Mark@slyce.it

    Slyce
    Roy Roman
    (647) 464-6200
    Roy@Slyce.it