Intel completes acquisition of Recon
Intel Corp., has completed its acquisition of Vancouver-based Recon Instruments, maker of the acclaimed wearable technology – Recon Jet smart eyewear for sports and high-intensity environments.
The deal provides Recon, formerly an Intel Capital portfolio company, with a talented, experienced wearable computing team that will help Intel expand the market for head mounted display products and technologies.
Recon products will continue selling under the Recon brand, without disruption.
“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,” says Dan Eisenhardt, Recon co-founder and CEO.
Recon’s design team will also partner with Intel’s New Devices Group to develop smart device platforms for a broader set of customers and market segments.
“The growth of wearable technology is creating a new playing field for innovation and we’ve made tremendous strides in developing products and technologies to capture this next wave of computing,” says Josh Walden, senior vice president and general manager, Intel’s New Technology Group.
In the last six months, Intel disclosed plans for the Intel Curie module1, a tiny hardware product based on the company’s first purpose-built system-on-chip (SoC) for wearable devices. It has also unveiled a multiyear R&D collaboration with Luxottica Group S.p.A and their Oakley brand to fuse premium, luxury and sports eyewear with smart technology. Intel also recently announced a partnership with TAG Heuer and Google to launch a Swiss smartwatch powered by Intel technology and Android Wear.
“This acquisition has placed Recon in a uniquely advantageous position. 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,” adds Eisenhardt.