#AR, #VR and the Merger of the Digital and Physical
World; (NASDAQ: $VUZI) (NYSE: $SNAP) (NASDAQ: $AAXN) (NASDAQ: $LITE)
Point Roberts WA, Delta BC – March 15, 2019
– Investorideas.com,
a global investor news source covering tech stocks, releases a snapshot looking
at VR and AR stocks and future implications and applications for these
technologies.
One of the first mainstream introductions
of augmented reality began with Google Glass in 2013. Since then, AR and VR tech has been evolving
rapidly beyond just ‘hype’, and mass adoption is in the very near future.
According to International Data Corporation
(IDC), global spending on AR/VR is forecasted to reach $20.4 billion this year.
This is a nearly 70% jump over 2018. Moreover, worldwide spending on AR/VR
products is projected to grow at a compound annual growth rate (CAGR) of 70%
through 2022.
Researchandmarkets recently reported on the
sector, noting companies like Daqri, Vuzix and
Optivent make AR headsets with a focus on enterprise applications for their
devices.
Vuzix Corporation (NASDAQ: VUZI), a leading
supplier of Smart Glasses and Augmented Reality (AR) technology and products
holds 144 patents and patents pending and numerous IP licenses in the Video
Eyewear field. According to the Company’s December
report, Vuzix has more than 16,000 smart
glasses in the field.
In a recent 8K filing, Vuzix entered into a master reseller agreement
with Verizon Sourcing LLC. Vuzix will
sell to Verizon, Verizon affiliates and sub-resellers, the Company’s smart
glasses products including Vuzix M300XL Smart Glasses and M-Series related
accessories, Vuzix Blade Smart Glasses and Vuzix Basics Video. The Company
expects to start receiving purchase orders
under the master reseller agreement in the second quarter of 2019.
Vuzix also has relationships with other
tech leaders, announcing in late February the debut of Vuzix' next generation
enterprise smart glasses, the M400, one of the first products made commercially
available using the Qualcomm® Snapdragon™ XR1 platform.
Leading up to this next phase of growth,
Vuzix also just reported
it has been assessed and certified as meeting the requirements of ISO 9001:2015
for design and manufacture of wearable display technology, virtual reality and
augmented reality products.
Read
this in full at https://www.investorideas.com/news/2019/technology/03151Stocks.asp
Snap Inc. (NYSE: SNAP) recently announced an AR collaboration with LEGO Wear to
launch the latter’s first limited-edition clothing line for adults. The clothing store opened its gates in
Fitzrovia, London for one day only, however, to lure users and boost engagement
level, augmented reality (AR) technology was used to transform the empty shop
into a virtual boutique.
Upon
scanning the Snapcode, Snapchat users got to experience a virtual shop on their
smartphone, featuring an interactive DJ booth, LEGO bouncer, arcade machine and
clothes displayed on LEGO mannequins. The move can be attributed to LEGO’s
decision to tap into "the sense of style and nostalgia" of millennials.
Axon (NASDAQ: AAXN), a leader in connected public safety
technologies, is looking forward not only into the potential applications of
these technologies, but also the implied ethics surrounding them. Axon recently announced the appointment of Mecole Jordan,
Executive Director of United Congress of Community and Religious Organizations,
Christy Lopez, Distinguished Visitor from Practice at Georgetown University Law
Center, and Kathleen O'Toole, Former Seattle Police Chief and Boston Police
Commissioner to Axon's AI and Policing Technology Ethics Board. Axon also
announced that it will host implicit bias awareness training for developers on
Axon's AI Research team on May 8th, in Seattle, WA. For more
information on the AI and Policing Technology Ethics Board, visit:
www.axon.com/ethics.
"It is great to see that Axon is committed to
developing AI technology with attention to human biases," says Dr. Lorie
Fridell, former Director of Research at the Police Executive Research Forum
(PERF) and national expert on biased policing. "This is the first time
we've worked with a technology company for internal bias training. With the
implementation of its ethics advisory board, and now the anti-bias training,
Axon is truly taking a leadership role when it comes to responsibly developing
this technology."
Lumentum Holdings Inc. (NASDAQ: LITE), a market-leading designer and
manufacturer of innovative optical and photonic products and Acacia
Communications, Inc., a leading provider of high-speed coherent optical
interconnect products have focused on a different factor affecting AR and VR
tech: compatibility. The two jointly announced that they have successfully demonstrated
interoperability between their respective CFP2-DCO modules operating at 200G.
CFP2-DCOs are becoming increasingly important for
higher-speed optical networks because they integrate the coherent DSP into the
pluggable module. The digital host interface enables simpler integration
between module and system, resulting in faster service activation for
telecommunication providers, and a pay-as-you-grow deployment model whereby the
cost of additional ports can be deferred until additional services are needed.
With the massive improvements in these linked
technologies, we aren’t far from an augmented future; a merger between our
physical and digital footprints. More large tech companies like Apple, Google and Verizon are betting on the future of AR/VR,
even though the far-reaching implications of these technologies are still
unknown.
Investorideas.com has created a directory
of tech stocks, including VR and AR
stocks for investors following the sector.
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