Intel Invests $24.8M in Smart Glasses Firm Vuzix
ROCHESTER, N.Y., Jan. 9, 2015 — Intel Corp. has made a $24.8 million investment to accelerate Vuzix Corp.’s development of fashionable smart glasses.
The tech giant purchased 49,626 shares of Series A preferred stock, representing approximately 30 percent of Vuzix’s total outstanding stock.
Vuzix said its wearable display technology is based on next-generation optics and displays that will be able to fit fashionable glasses frames. The company already offers personal display and wearable computing devices for virtual and augmented reality.
For more information, visit www.vuzix.com.
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