http://www.theguardian.com/technology/2015/jan/05/intel-google-glass-vuzix-investment
This article is about how intel are now also investing in new wearable technology by paying $24.8 million for a 30% stake in US firm Vuzix. This shows that wearable technology may be the future with all large companies such as Google heavily investing in the new technology.
The latest is Intel, paying $24.8m for a 30% stake in US firm Vuzix, which has made its name with devices aimed at consumers and workplaces – for example hospitals, warehouses and call centres – alike.Vuzix says it will use the investment to speed up the development of its next line of “fashion-based wearable display products”, following the launch of its M100 device in 2014 through a partnership with another tech firm, Lenovo.
“We are trying to bring technology companies and fashion companies together,” said Bell.
Sales of Vuzix’s existing devices have been growing, albeit from a small base: the company reported revenues of $664.6k in the third quarter of 2014, up 96% year-on-year.
“We’re making a very big bet on wearables. We have announced we have a family of chipsets coming out in the next year that are wearables specific. It’s a pretty safe bet … Our plan is to partner with the best people, and have them teach us.”
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