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Friday, September 27, 2013
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Intel Invests In Google Glass Rival
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Recon Instruments, the company behind the first consumer Heads-up
Displays (HUD) for sports, announced that Intel Capital has made a
significant investment in the company.
The funding will support Recon?s product development, marketing and
global sales expansion. Recon Instruments will also benefit from
Intel Capital's expertise in manufacturing, operations and
technology.
"Wearable computing is a major, accelerating phenomenon that
re-defines how we use and interact with information," said Mike Bell,
Vice President and General Manager of New Devices Group at Intel
Corporation. "In Recon Instruments, we see compelling technology and
a solid strategy to capitalize on the wearable revolution. This is
an area of significant focus for Intel Capital, and our investment in
Recon Instruments is a key part of our approach to innovation in this
emerging space."
Dan Eisenhardt, CEO of Recon Instruments said: "We have spent the
last five years leading the Heads-Up Display category in the consumer
space. In fact, Recon has shipped more than 50,000 Heads-up Displays
worldwide, including a very successful campaign in Apple retail
stores. Our products are engineered to deliver instant information,
direct-to-eye and without distraction in the most demanding
environments on Earth. Intel Capital shares our vision for wearable
technology, which enhances users' performance and experience across
a broad range of sports and outdoor activities." |
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