Vancouver’s Recon Instruments Secures ‘Significant Capital’ from Intel’s Investment Arm
Recon Instruments, which created the world’s first consumer Heads-up Display for sports, just announced that Intel Capital has made a “significant investment” in the company.
According to the Vancouver-based tech firm, the funding from Intel’s investment arm will support Recon’s product development, marketing and global sales expansion. Recon says it will also benefit from Intel Capital’s expertise in manufacturing, operations, and technology.
“Wearable computing is a major, accelerating phenomenon that re-defines how we use and interact with information,” says Mike Bell, Vice President and General Manager of the New Devices Group at Intel Corporation. “In Recon Instruments, we see compelling technology and a solid strategy to capitalize on the wearable revolution.”
“This is an area of significant focus for Intel Capital, and our investment in Recon Instruments is a key part of our approach to innovation in this emerging space,” he added.
“We have spent the last five years leading the Heads-Up Display category in the consumer space. In fact, Recon has shipped more than 50,000 Heads-up Displays worldwide, including a very successful campaign in Apple retail stores,” says Dan Eisenhardt, CEO of Recon Instruments. “Our products are engineered to deliver instant information, direct-to-eye and without distraction in the most demanding environments on Earth.”
“Intel Capital shares our vision for wearable technology, which enhances users’ performance and experience across a broad range of sports and outdoor activities,” he added.
Terms of the deal were not disclosed.