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An announcement from Cycliq Group Ltd ( (AU:CYQ) ) is now available.
Cycliq Group Ltd has received a $188,264 cash refund from the Australian Government’s R&D Tax Incentive Scheme, which supports companies by refunding 43.5% of eligible research and development expenditures. This financial boost is expected to positively impact Cycliq’s operations, potentially enhancing its market positioning and benefiting stakeholders by supporting further innovation in its cycling safety products.
More about Cycliq Group Ltd
Cycliq is an Australian-based company specializing in smart safety and sport cycling products. It manufactures and markets innovative light and camera safety systems, such as the Fly6 and Fly12, which integrate ultra-high-definition cameras with safety lights. Cycliq operates in Australia and China, selling directly through its website and Amazon, and has a wide retail presence in the USA, UK, EU, and Asia-Pacific.
Current Market Cap: A$3.22M
Find detailed analytics on CYQ stock on TipRanks’ Stock Analysis page.