When Wearables startup North officially unveiled its Focals smart glasses in October, the stylish versions resembled Intel's canceled Vaunt smart glass in form and function.
Now North's Focals could have more in common with Vaunt. The startup has acquired the patent portfolio behind Intel's deferred project.
On Monday, North CEO Stephen Lake reported in a report from [1
Like Vaunt Focals offer a simple form of augmented reality, which essentially serves as a heads-up display for smartphone alerts, navigation and other hands-free devices, along with the integration of Amazon Alexa in Normal-L frames. Basically, they are like a cross between the function of Google Glass and the style of snaps of newest glasses, but without a camera.
This is not the first transaction between North and Intel, as former venture capital arm Intel Capital. The latter conducted a financing round of $ 120 million in 2016.
The two companies did not announce the terms of the deal, but as a strategic investment, the sale is still an ideal outcome for Intel. As a result of the agreement, Intel could recoup at least part of its own research and development costs for Vaunt and bring in potential future revenues as North takes over the bar in the race for smartphones for consumers.
And for North a A company that is already one step ahead in the entire Smartglasses race can also give the startup a boost with the purchase of a patent. While North already holds patents behind its own smartglass, the additional patents could help protect its technology from injury claims that are all too familiar to reality companies like Meta and Leap Motion.