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Home / Tips and Tricks / Meta Claims Insolvency, ODG Ends with Brand Sale, New Smartglasses Flood CES 2019 «Next Reality

Meta Claims Insolvency, ODG Ends with Brand Sale, New Smartglasses Flood CES 2019 «Next Reality



The week of the annual Consumer Electronics Show should be filled with good news for the augmented reality industry as AR and Smart Glass manufacturers showcase their new merchandise.

Unfortunately, CES this week had a dark cloud wrapped over the AR hardware fraternity. We've learned that two darlings of the CES past, Meta Company and Osterhout Design Group, collapsed under the weight of unfulfilled expectations. In the meantime, Blippar's assets, which fell into British bankruptcy last month, will be offered for sale next week, with a very interesting admirer among the bidders.

Nevertheless, the Sun appeared at CES as AT & T announced it was expanding its partnership with Magic Leap to unlock business opportunities.

Financial and Legal Problems Overshadow Meta

The last time we heard about Meta, the creators of the Meta 2 Augmented Reality headset, things looked pretty bleak. Now that several new facts have come to light, we have confirmation of the fate of the beleagured company: Meta is done.

As we reported back in September, the company had to lay off the majority of its staff after failing to gain a $ 20 million new round of financing from investors. On Wednesday, a lawsuit filed with a court in Delaware unintentionally revealed that Meta is insolvent and in any way over.

To find out what happened and what went wrong, read on. Then read on for updates to this ongoing saga …

ODG Sells with Patents & Assets

Despite the hype and potential of immersive computing, the augmented reality industry is showing that it is not invincible as another AR hardware manufacturer. This time, the Osterhout Design Group (ODG) is reportedly leaving the business. On Tuesday, asset manager Hilco Streambank will begin selling ODG assets, including a portfolio of more than 100 issued patents, a selection of patent applications in various phases of the evaluation process, trademarks and "material assets that support the business.

However, before the company's assets reached the auction block, ODG had acquisition talks with several interesting applicants, with an AR hardware company allegedly making an offer. Read on to find out who stepped on ODG and what's left to buy bidders …

Image from ODG / YouTube

REALITY BITES: Rap feuds are fun, but what about beef between 3D engines? Unity, who started the week with goodwill for $ 25,000 for an app that encourages "meaningful change," is in a war of words with Improbable, whose license is revoked for violating Unity's terms of service has been. Then Epic Games went into battle and partnered with Improbable to build a $ 25 million fund to get SpatialOS to move from "dirtying" games to "more open engines." However, Unity has responded that games based on SpatialOS are not affected by Improbables ban. Make some popcorn and look for the juicy deets.

Layar founders request repossession of the company in Blippar Asset Sale

Following their entry into the administration (British version of the bankruptcy) last month, Blippar's assets are for sale. and the bidding ended today.

But now that Blippar's story is almost over, a surprising twist has hit the company's story – the founders of Layar, which were sold to Blippar in 2014, are one of Blippar's assets.

Continue reading to learn more about . Layar's story with Blippar and what the co-founders could do with the app and what other Blippar assets are for sale …

image by Layar / YouTube

REALITY BITES: While South for Southwest (SXSW) is known for its music showcases, the festival also serves as the Festival Tech Expo. This week, SXSW has announced the finalists for the annual SXSW Pitch start competition. The finalists are divided into 10 categories, including one AR / VR grouping.

AT & T Eyes Enterprise AR Market Via Magic Leap Partnership

With CES in full swing, Magic Leap seems to have little say in big technology. However, it turns out that one of its partners is having one has balanced quite a large update regarding the company.

On Wednesday, AT & T announced that it would expand its 5G technology-based partnership with Magic Leap to include enterprise business activities

Continue reading to learn more about . The use cases of Enterprise Business, which wants to explore AT & T with Magic Leap …

REALITY BITES: WaveOptics has its eye on the market for consumer smart glasses addressed supported its supply chain to expand its business. At CES 2019, the company added two more original design manufacturers in Compal and Wistron, as well as a long-term supply contract with Corning, which will supply high-index glass wafers for WaveOptics waveguides.

Investors Promise $ 15 Million to Finance Smartglasses Maker Nreal

With the advent of CES, it is becoming apparent that consumer-grade smart glasses require a high compromise in functionality to reach a form factor and a price point, the mainstream customers responds.

China- The startup Nreal is ready to exceed these expectations. Nreal Light is stylish smart glasses available in a variety of colors that match North Focals and Vuzix Blade in form factor. However, the features are similar to those of high-end AR headsets.

Continue reading for . Learn more about the impressive smartglasses and how the company got investors to spend $ 15 million on them …

REALITY BITES: We've Created a New Solution This is a next-reality action , which summarizes all the news about the Augmented Reality business. So, if you are looking for news on investment, arrivals and departures of executives, market analysis, and the like, read our section AR Business!

. Each week, Next Reality reviews the latest headlines from the finance side of the augmented and mixed reality. This weekly Market Reality column contains information on funding announcements, mergers and acquisitions, market analysis and the like. In previous editions of Market Reality, you'll find more news that you might have missed.

Cover picture about Meta Company / YouTube


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