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."