Intel has reported that it acquired Recon Instruments, a Canadian organization known for making wearable displays. Brian Krzanich, Intel’s CEO made a commitment shortly after he got his current role in 2013 to wearable technology and now is acting on it. Krzanich, stated that Intel is an ideal partner for Recon.
Dan Eisenhardt, Recon’s co-founder and CEO, said the following:
“Not only is this a huge milestone for us and a pivotal event in the consumer electronics industry; we at Recon believe this is also a tremendous opportunity that will lead to amazing things, just as much for us as for our customers.
…Brian and his team, including New Technology Group head Josh Walden, share our vision for the potential of smart eyewear in the consumer and enterprise markets, and this deal reflects that shared vision.”
Recon will now have the resources to grow the business much faster and efficiently than they could have as a small start up. Eisenhardt says they plan on staying in Vancouver and will keep their employees and brand very much alive after the acquisition. He also added that Intel will help not only grow the business, but will also develop a stronger developer relations program and app ecosystem. Plus, Recon will be able to draw from Intel’s extensive technology portfolio being the most successful semiconductor company.
Source: Recon Instruements
Source = talkandroid
Tags = acquires, expand, Instruments, Intel, portfolio, Recon, technology, Wearable
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