In early June Spiral team has won the startup challenge of the major European airline organised right at the heart of one of the MRO facilities. Following the jury decision, we were awarded the pilot project to implement our solution at the same facility. Both teams are looking forward to scaling the technology for the wider network in the future.
Right after the team kicked-off two other projects with the UAE based clients visiting the facilities, collecting the data and preparing the delivery roadmap. The first prototypes are expected in late August while the full completion is set for the year-end.
We have also agreed to sign memorandums of understanding with two universities providing aviation engineering courses in the UAE. The details will follow closer to the start of the academic semester in September however even now we see massive potential in collaboration with the educational institutions given their wealth of industry-specific knowledge and availability of student crowd keen to try anything technological and new.
While preparing to the VC talks this fall we closed the interim angel investment round in June. We are especially proud to win the trust of the group consisting predominantly of the management consulting hawks and AR industry professionals.
Spiral was invited to speak at the Innovation Panel of the Aero Engines Europe conference to be held in Istanbul in September