Innovation Norway is an instrument in the Norwegian Government for innovation and development of Norwegian enterprises and industry who support companies in developing their competitive advantage and to enhance innovation. We are grateful that Innovation Norway believes in the HYRE product as a product with national and international opportunities.
We have for a period been in a position with limited resources and funding, but with the capital increase, we are now ready to boost forward. In addition to the start-up grant from Innovation Norway, we have raised capital from external investors and partners. The funding enables us to commercialize the product and prepare for production. We are looking forward to making our vision come true, make energy flow from nature to action. We are now rescheduling and information about the new product releasing date will be up soon.