Saturday, May 21, 2022
  • Home
  • Event
  • Technology
  • Program
  • Education
No Result
View All Result
E-Capitals
No Result
View All Result
Home Technology

AR/VR eyewear company Innovega strikes deal with global supplier of technology for visually impaired

admin by admin
March 28, 2022
in Technology
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Related Posts

Boeing’s Starliner docks with space station after ‘excruciating’ wait

Seagen CEO resigns after arrest, cautious optimism for biotech, and more – GeekWire

Tech CEO lost his backpack, laptop, passport and more — but found a calling in Twitter storytelling – GeekWire

Economic uncertainty starts to hit tech job market with reports of hiring slowdowns, rescinded offers – GeekWire

Innovega uses contact lenses and eyeglasses for augmented and virtual reality. (Innovega Image)

Innovega Inc., a Bellevue, Wash., company that uses disposable contact lenses in combination with high-tech glasses to create a digitally augmented view of the world, announced a licensing agreement with a company that plans to offer the technology to assist people who are visually impaired.

The unnamed licensee is “one of the world’s leading providers of assistive technology for the visually impaired, including the legally blind,” Innovega said in announcing the deal Monday.

Innovega’s technology uses contact lenses to let people see images displayed on the interior surface of eyeglasses, which would otherwise be too close to view in focus, while also seeing the real world beyond.

The commercial license is the latest step in a long journey for the company. It has been nearly 14 years since Innovega was incorporated, and more than 10 years since GeekWire first reported on the Seattle-area company from its small booth at the giant Consumer Electronics Show in Las Vegas.

After doing extensive contract work for the U.S. government and military, the company has been shifting its focus to the commercial market, including the development of soft contact lenses that can be worn all day. Innovega described the new agreement as the first commercial licensing deal for its next-generation display eyewear system.

Stephen Willey, Innovega CEO and co-founder. (Innovega Photo)

Innovega’s progress comes as Meta, Microsoft, Apple and others bring new attention to the metaverse, the emerging concept of virtual worlds in which Innovega believes its technology will ultimately have widespread applications.

“It is a pivotal time for us,” said Stephen Willey, Innovega’s CEO and co-founder, who was co-founder and president of laser projection company MicroVision earlier in his career. “Underneath all of this, you’ve got Mark Zuckerberg, Satya Nadella and Tim Cook saying, ‘We need these smart glasses.’ … And they don’t have them.”

Innovega believes its patented technology, combining lightweight eyewear and disposable soft contact lenses, will ultimately win out over approaches that require bulky headsets or low-resolution displays.

The identity of Innovega’s commercial partner is being kept confidential for now at its request, Willey said. Distribution of the technology will require regulatory approval. Innovega is currently in Phase III clinical trials with the U.S. Food & Drug Administration, and that process is expected most of this year.

Willey said the commercial agreement helps to validate the company’s plan to license its technology to others that will handle the manufacturing and distribution of final products.

Innovega has 10 employees in addition to contractors. The company has generated about $6 million over its lifetime, and raised about $16 million in funding, including a $3 million funding round led by Tencent in 2017, and more than $5 million thus far in an equity crowdfunding campaign.

Next Post

5 Oral Learning Feedback Strategies For ESL Classrooms -

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Posts

Technology

Boeing’s Starliner docks with space station after ‘excruciating’ wait

by admin
May 21, 2022
0

Boeing’s Starliner space capsule hangs in front of the International Space Station in preparation for docking. (NASA via Twitter) Boeing’s...

Read more

Boeing’s Starliner docks with space station after ‘excruciating’ wait

Seagen CEO resigns after arrest, cautious optimism for biotech, and more – GeekWire

Resume Tips for Teachers Leaving the Profession

Tech CEO lost his backpack, laptop, passport and more — but found a calling in Twitter storytelling – GeekWire

Enchanting Titles for All Ages

Economic uncertainty starts to hit tech job market with reports of hiring slowdowns, rescinded offers – GeekWire

Load More

Popular Posts

Best Winter Olympics Activities for Kids in the Classroom

by admin
January 19, 2022
0

What is Packet Sniffing Attack? – Types and How to Prevent It?

by admin
December 11, 2021
0

Zain Nadella, 1996-2022: Microsoft CEO’s son remembered for love of music, bright smile, profound impact on his dad

by admin
March 1, 2022
0

Copyright © 2021 - e-Capitals.com DESIGNED AND DEVELOPED BY TEAM WORDPRESS BLOGX

No Result
View All Result
  • Home
    • Home 1
    • Home 2
    • Home 3
  • Event
  • Technology
  • Program
  • Education

Copyright © 2021 - e-capitals.com - DESIGNED AND DEVELOPED BY TEAM WORDPRESS BLOGX