Intel is Betting $25 Million on Smart Eyewear-Maker, Vuzix

Intel Clearly Sees Big Potential in the Smart Eyewear Market. In Addition to Putting its Processors in Google Glass and Teaming Up with Luxottica to Create High-Tech Glasses, it Has Now Invested Major Cash in Internet-Connected Eyewear-Maker, Vuzix. According to Vuzix, Intel has just Bought $24.8 Million of its Stocks Making Up 30% of the Company. The Chipmaker Hasn't Replied to our Request for a Statement Yet but, the Companies' Press Release Says, Intel will Have "the right to vote with the holders of Common Stock on an as-converted basis and has the right to appoint two members to Vuzix' Board of Directors, in addition to the Company's current five members". If you Recall, Vuzix is the Creator of the M100 Smart Glass Showcased at the 2013 Consumer Electronics Show. Since that Time, the Device has Gone through a Number of Upgrades, including the Addition of Offline Support for its Nuance Voice Control Feature and the Ability to Use the Android-Powered Gear with iOS Devices. In January 2013, the Company Announced that, it's Developing Smart Sunglasses you'd actually Want to Wear -- a Project that, Could Benefit Greatly from Intel's Investment.




Info Sources:

http://www.reuters.com/article/2015/01/03/us-vuzix-intel-idUSKBN0KC00520150103?feedType=RSS&feedName=technologyNews

http://www.virtualpressoffice.com/RODAccess?did=1264265395306&pid=1854902&ct=C