Spectra7 Microsystems (
TSX: V.SEV,
Stock Forum) moved to stay well ahead of the pack when the company introduced its AR-Connect™, a new line of products powered by the company’s patented wearable network signal processing technology.
According to the
news release, the company fully believes the AR-Connect™ is the industry’s first and only integrated cable, connector and embedded chipset product line for Augmented Reality vision systems and wearable computing devices.
As a result, the company has locked down various AR design-wins based on its AR-Connect™ technology with better than $1.0 million in orders for its new AR-Connect™ products tallied in the second half of May alone.
The AR-Connect™ product line is able to deliver video, audio, data and power in an all-in-one ultra-light, micro-thin wearable cable while maintaining low-latency and high-bandwidth necessary for a consumer-ready AR experience.
The company hopes that its first-mover AR interconnect will enable it to capitalize on an explosive Augmented Reality market which is expected to hit $120.0 billion in revenue by 2020 while maintaining its hold on the $30 billion Virtual Reality market which it has currently addressed with its previously released patented VR product line.
In a recent, Digi-Capital report, Tim Merel explained the possible impact of Augmented Reality, “Augmented reality has the potential to play the same role in our lives as smartphones with hundreds of millions of users. You could wear it anywhere, doing anything. Augmented reality is like wearing a transparent mobile phone on your face. We think AR could fundamentally disrupt mobile.”
The AR-Connect™ allows Augmented Reality glasses to connect to a smartphone, proprietary processing device or a desktop GPU/laptop processing unit, with a single unified and ultra-thin link. The company’s tech not only significantly reduces the number of cables required, but also increases video throughput by up to 100% and enables up to a 10X increase in sensor/gesture backhaul data throughput.
Company CEO, Tony Stelliga, commented, “Spectra7 continues its expansion into high growth vertical markets, and Augmented Reality is a superb fit. AR's low latency, light weight and high speed requirements can be addressed uniquely and immediately with Spectra7's technology and we are excited about the potential in this highly anticipated market.”
Spectra7 Microsystems was in the news recently when
the Palo Alto, California-based company announced quarterly financial results almost two weeks ago.
Shares gained 2.94% on the news to $0.70 per share.
Currently there are 112.3m outstanding shares with a market cap of $78.6 million.