Saturday, January 3, 2015

Intel Makes Two Smart-Eyewear Deals with Luxottica and Vuzix

"Intel's continuing to push aggressively into the world of wearables. On Wednesday it signed a deal with Luxottica Group to develop smart eyewear in time for a product launch next year," reports PC World. "According to Intel's press release, the partnership will 'deliver smart, fashion-forward products that are meaningful and desirable to consumers.'" Read more.

Meanwhile Vuzix Corp. announced that Intel Corporation has made a $24.8 million investment into the Vuzix Corp., according to a Vuzix press release on Yahoo! Finance Canada. Vuzix will use Intel's investment for general working capital to accelerate the introduction of its next generation fashion-based wearable display products. Read more.

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