Looks like Inc was right to name Recon a startup to watch in Canada.
The intelligent wearable technology company may be on the verge of getting acquired by Intel, word on the street suggests.
According to the rumour, Intel is currently in the process of scooping up the Vancouver-based startup, which builds heads-up displays and other products for sports and intense environments.
In late 2013, Intel’s investment arm, Intel Capital, made a “significant investment” in the company. The funding supported Recon’s product development, marketing, and global sales expansion.
“In Recon Instruments, we see compelling technology and a solid strategy to capitalize on the wearable revolution,” Mike Bell, Vice President and General Manager of the New Devices Group at Intel, said at the time.
Recon has been quietly and successfully cornering the sport and outdoor wearable HUD market since its first product launch in 2010. CEO Dan Eisenhardt credits their triumph to specializing in active users, as opposed to trying to make a mainstream device for everyday use.
“We’re at the top of the food chain,” Eisenhardt told Techvibes last year. “We have processing and display capability in real-time, and we also connect to any device out there through [many wireless technologies].”