Slyce Inc. is a company, with a great cell phone application concept. The company is headquartered in Toronto and has an application that will revolutionize consumerism. The application allows the user to take a photograph of any manufactured item, clothes, shoes or accessories, and the application identifies the item and locates the retailer of the item and the pertinent information about the product, including availability, sizes and colors. The subscriber to Slyce can order the item in their size and color and pay for and have the item shipped wherever needed. The company’s visual search technology was launched in February 2013. Slyce is traded publicly on the Toronto Stock Exchange, which is one of the largest stock exchanges in the world, ranking number nine behind the New York Stock Exchange, the NASDAQ and the London Exchange.
In a YAHOO! Finance article it was reported that Slyce had partnered with SHOES.COM, which is the parent company to SHOEme.ca and OnlineShoes.com in an effort to further their mobile image recognition platform. Images taken from magazine copy or in the real world can be processed by the Slyce application and the targeted results found almost instantly.
YAHOO! further reported that on August 26, 2015, Slyce announced that Neiman Marcus had furthered the cause of this new technology by using Slyce technology for all of its product lines.
YAHOO! went on to say that on October 6, 2015, Urban Outfitters signed a contract with Slyce to further the function of Slyce’s application with Urban Outfitters, a company keyed to understanding and supplying the clothes needs of young people. Urban Outfitters, founded in 1970, has more than 230 stores in the United States, Canada and Europe.
Then on October 22, 2015, Slyce and Shoe Carnival signed a formal agreement for the integration of Slyce technology within the Shoe Carnival product line.
All in all, the financial outlook for Slyce and its allied companies looks rosy. While Slyce is a new company with a great new radical idea, steady development and growth will assure Slyce’s place for the shopper of the future.