wraggster
January 4th, 2015, 19:36
http://o.aolcdn.com/hss/storage/midas/44ea60cfeb151ff53d73b5639a4c2139/200852591/vuzix-m100-ntt-docomo.jpg (http://www.engadget.com/2015/01/03/intel-vuzix-investment/)
Intel clearly sees big potential in the smart eyewear market. In addition to putting its processors (http://www.engadget.com/2014/12/01/the-next-google-glass-intel-inside/) in Google Glass and teaming up (http://www.engadget.com/2014/12/03/intel-teams-with-luxottica/) 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 percent 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. "
http://www.engadget.com/2015/01/03/intel-vuzix-investment/
Intel clearly sees big potential in the smart eyewear market. In addition to putting its processors (http://www.engadget.com/2014/12/01/the-next-google-glass-intel-inside/) in Google Glass and teaming up (http://www.engadget.com/2014/12/03/intel-teams-with-luxottica/) 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 percent 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. "
http://www.engadget.com/2015/01/03/intel-vuzix-investment/