AR
and VR Technology Going Mainstream - Sector Snapshot ; (NASDAQ: $VUZI) (NYSE:
$SNAP) (NASDAQ: $AAXN) (NASDAQ: $LITE)
Point
Roberts, WA and Delta BC - March 18, 2019 (Investorideas.com Newswire) 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.
Read this
in full at https://www.investorideas.com/news/2019/technology/03181Stocks-AR-VR.asp
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.
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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