Intel announced it has made an investment in Recon Instruments, a company specialized in wearable computing. One of the things Recon is working on is a competitor for Google Glass. Called Recon Jet, this product is a head-up display with a dual-core Cortex A9 processor, 1GB RAM, 8GB flash memoryn a camera, Bluetooth, WiFi, and gyroscope, accelerometer, magnetometer, altimeter an thermometer sensors. The device is expected to arrive in March 2014 for $599.
Recon will use Intel's investment to expand its development, marketing and global sales. Intel did not share how much it invested in the firm but referred to it as a "significant investment".
Recon Instruments, the award winning technology company behind the world’s first consumer Heads-up Displays (HUD) for sports, is pleased to announce 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.
Complete information regarding Recon Instruments and its newest product, the Recon Jet, can be found at www.reconinstruments.com.
“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.”