Intel Entering Wearable Device Market To Compete With Google and Samsung
Wearable computing is a burgeoning market, as smartwatches proliferate like rabbits and a consumer release of Google Glass looms on the horizon, and Intel is officially getting in on the action. Intel Capital, the chipmaker’s investment wing, has made a “significant investment” in Recon Instruments, a company that makes HUDs (heads up displays).
The amount of the investment was not disclosed, but Intel did say that it’s involvement would go towards product development as well as marketing and sales. Intel’s technology will find its way into Recon products, and the latter will benefit enormously from the former’s manufacturing and operations expertise, as well.
Recon Instruments Jet
“In Recon Instruments, we see compelling technology and a solid strategy to capitalize on the wearable revolution,” said Intel VP and GM of the New Devices Group Mike Bell. “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.”
It’s likely that both Intel and Recon Instruments will benefit from Intel’s investment here; it’s highly likely that at some point in the future, consumers will, too.
The amount of the investment was not disclosed, but Intel did say that it’s involvement would go towards product development as well as marketing and sales. Intel’s technology will find its way into Recon products, and the latter will benefit enormously from the former’s manufacturing and operations expertise, as well.
Recon Instruments Jet
“In Recon Instruments, we see compelling technology and a solid strategy to capitalize on the wearable revolution,” said Intel VP and GM of the New Devices Group Mike Bell. “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.”
It’s likely that both Intel and Recon Instruments will benefit from Intel’s investment here; it’s highly likely that at some point in the future, consumers will, too.
