Intel Acquires Recon for $175M in a Push towards Wearables Technology

We are currently entering into an intriguing new age of wearable technology. According to Forbes, in 2014, 71% of 16 to 24 year olds wanted wearable technology, which most people are defining as clothing and accessories equipped with computer and advanced electronic technologies. Good news for these eager customers is that Intel, the world’s largest and highest-valued semiconductor chipmaker, has recently completed the acquisition of Recon Instruments, a Canadian company which produces heads-up display (HUD) sensors and smart glasses for sports.

This deal will likely play a pivotal role in the wearable electronics industry, as both influential companies will now be able to benefit from each other’s vast resources. From this acquisition, Intel now has an experienced and talented wearable computing team that will allow for great expansion in the head-mounted display market. For Recon Instruments, they will now have the opportunity to utilize Intel’s extensive technical resources and valuable knowledge as the world’s most successful semiconductor company.

This is an exciting new time for wearable technology as a new playing field for innovation has emerged. Customers need not to worry though since both Intel and the Recon brand will continue serving their customers without disruption, as both companies share a common vision for the exciting new market of smart eyewear.

The co-founder and CEO of Recon, Dan Eisenhardt, stated,

“Going forward, we’ll continue leading the smart eyewear category for sports, and we’ll be able to bring our technology and innovation to completely new markets and use cases where activity-specific information, delivered instantly, can change the game.”

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