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Excelitas Technologies Corp. - X-Cite Vitae LB 11/24

Lumus Announces $30M Funding Round

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REHOVOT, Israel, Dec. 29, 2016 — See-through display optics developer Lumus Ltd. has announced a $30 million funding round led by electronics companies Quanta Computer Inc. and HTC Corp. to continue its augmented reality (AR) and virtual reality (VR) development. “AR/VR is well aligned with our growth strategy and we’re pleased to invest in the Lumus optics solution for augmented reality,” said C.C. Leung, vice chairman and president of Quanta. “This is pioneering technology, and we have great confidence in Lumus as an innovator and industry leader for transparent optical displays in the AR...Read full article

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    Published: December 2016
    Glossary
    augmented reality
    Augmented reality (AR) is a technology that integrates digital information, typically in the form of computer-generated graphics, images, or data, with the real-world environment in real-time. AR enhances the user's perception of the physical world by overlaying or combining digital content onto the user's view of the real world, often through devices like smartphones, tablets, smart glasses, or specialized AR headsets. Key features and principles of augmented reality: Real-time...
    virtual reality
    Virtual reality (VR) is a computer-generated simulation of a three-dimensional environment or experience that can be interacted with and explored by an individual using electronic devices, such as a headset with a display. VR aims to create a sense of presence, immersing users in a computer-generated world that can be entirely fictional or a replication of the real world. It often involves the use of specialized hardware and software to provide a fully immersive and interactive experience. ...
    BusinessLumusQuanta ComputerHTCaugmented realityvirtual realityAR/VRAsia-Pacificindustrial

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