GestureTek to focus on digital signage after asset sale to Qualcomm

Posted by Techvibes NewsDesk

Toronto's GestureTek announced yesterday the sale of certain technology assets to Qualcomm Incorporated. The acquisition will give Qualcomm ownership of certain intellectual property assets related to gesture recognition.

With more than 25 years of experience implementing gesture-based technologies in mobile devices, entertainment facilities, museums, retail locations and other public and private venues, GestureTek will retain selected technology assets and will now focus on its gesture-controlled public display/digital signage and health businesses.

"This transaction with Qualcomm is a great result for both parties," says Vincent John Vincent, President and Co-Founder, GestureTek Inc. "GestureTek will continue to deploy our technology in the digital signage/public display and health markets, on which we will now focus exclusively. We look forward to supporting our existing customers and continuing to leverage our network of dealers and distributors to add new customers in these growing markets."

Company:
GestureTek
Website:
http://www.gesturetek.com
Location:
Ottawa, Ontario, Canada

GestureTek is the pioneer, multiple patent-holder and world-leader in camera-enabled gesture-recognition technology for presentation and entertainment systems. Back in 1986, we invented and shaped the field of 'applied computer vision' for computer-human interaction. The company's multi-patented video gesture control technology (VGC) lets users control multi-media content, access information, manipulate special... more


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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more



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