Vancouver's Recon Instruments Secures 'Significant Capital' from Intel's Investment Arm

Posted by Techvibes NewsDesk

Recon Instruments, which created the world’s first consumer Heads-up Display for sports, just announced that Intel Capital has made a "significant investment" in the company.

According to the Vancouver-based tech firm, the funding from Intel's investment arm will support Recon’s product development, marketing and global sales expansion. Recon says it will also benefit from Intel Capital’s expertise in manufacturing, operations, and technology.

“Wearable computing is a major, accelerating phenomenon that re-defines how we use and interact with information,” says Mike Bell, Vice President and General Manager of the 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," he added.

“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," says Dan Eisenhardt, CEO of Recon Instruments. "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," he added.

Terms of the deal were not disclosed.

Company:
Recon Instruments
Website:
http://www.reconinstruments.com
Location:
Vancouver, British Columbia, Canada

Recon Instruments is the world leader in smartglass technology for sports and high intensity environments. Founded in 2008, Recon’s award winning multi-patent and patent-pending technology platforms integrate a Heads-up Display (HUD) with a state-of-the-art micro-computer and sensor suite that provide performance information, navigation, and more, direct-to-eye, in real-time. Recon’s HUDs run an operating system... 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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