Intel Capital throws cash at Recon Devices, hints at wearable conflict with Google
When you thought that Google Glass was the one wearable backed by certainly one of tech’s mega firms, assume once more. Intel’s funding arm has now ponied up a “vital” funding into Recon Devices, makers of the Jet heads-up show for excessive sports activities. Whereas neither social gathering has disclosed how a lot money Intel has thrown Recon’s method, the discharge does reveal that the Intel Capital can be sharing its experience in “manufacturing, operations and know-how” along with its checkbook. Whereas it is, far too early to presume that we’ll see Santa Clara dive head-first into the wearables market, we will be watching this partnership with excessive curiosity.
Recon Devices Secures Funding from Intel Capital
Relationship Accelerates Heads-up Show Maker’s Trajectory in Wearable Computing
twenty sixth September 2013, Vancouver – Recon Devices, the award profitable know-how firm behind the world’s first shopper Heads-up Shows (HUD) for sports activities, is happy to announce that Intel Capital has made a big funding within the firm. The funding will help Recon’s product improvement, advertising and international gross sales enlargement. Recon Devices may also profit from Intel Capital’s experience in manufacturing, operations and know-how.
Full info relating to Recon Devices and its latest product, the Recon Jet, may be discovered at www.reconinstruments.com.
“Wearable computing is a serious, accelerating phenomenon that re-defines how we use and work together with info,” stated Mike Bell, Vice President and Basic Supervisor of the New Units Group at Intel Company. “In Recon Devices, we see compelling know-how and a strong technique to capitalize on the wearable revolution. That is an space of serious focus for Intel Capital, and our funding in Recon Devices is a key a part of our strategy to innovation on this rising area.”
Dan Eisenhardt, CEO of Recon Devices stated: “We now have spent the final 5 years main the Heads-Up Show class within the shopper area. In truth, Recon has shipped greater than 50,000 Heads-up Shows worldwide, together with a really profitable marketing campaign in Apple retail shops. Our merchandise are engineered to ship prompt info, direct-to-eye and with out distraction in probably the most demanding environments on Earth. Intel Capital shares our imaginative and prescient for wearable know-how, which reinforces customers’ efficiency and expertise throughout a broad vary of sports activities and outside actions.”
Extra Protection: CNET
Extra Protection: CNET