Himax Technologies, Inc.
) announced that its subsidiary, Himax Display Inc. will team up
with Optinvent SA, a leading French producer of disruptive ORA
Smart Glasses. The partnership will develop
technologically-advanced next-generation augmented reality glasses
to address the budding smart glass market.
The two companies have successfully collaborated on several
technological initiatives in the past. Through the smart glasses,
which are poised to set new standards in image quality and
performance, the two companies are hoping to capitalize on the
phenomenal growth expected in the niche wearable technology market.
Himax also collaborated with Lumus recently to boost its efforts to
develop next generation smart glasses.
Optinvent's patented ORA Smart Glasses feature a "see-through"
display that does not impede regular vision. The collaboration will
attempt to integrate Himax's advanced microdisplay panel with
Optinvent's patented see-through display technology.
Himax's micro-display is a vital element in the display-centric
smart glasses model, and works flawlessly with the retinal
projection engine in Optinvent's ORA Smart Glasses, resulting in
panel performance and power consumption optimization.
The companies expect the new product to be one of the most
technologically advanced products in the smart glass market.
The company manufactures liquid crystal on silicon (LCOS) chips and
modules, which project images inside head-up displays,
pico-projectors and head-mounted devices like Google Glass eyewear.
Himax Display has been Google Inc.'s (
) partner for quite some time and supplies micro-display panels to
this technology behemoth. It also provides a critical component for
the much-touted Google Glass.
In July last year, Google announced its intention to take up a 6.3%
stake in Himax Display, to propel its Google Glass initiative, thus
showing promising growth potential in Himax's technology.
Wearable Technology Market
The wearable technology market, with products ranging from smart
glasses to fitness bands to watches, is currently at a nascent
stage with radical implications for a number of sectors, like
fitness, healthcare, medical, industrial and military. A growing
number of technology giants, like Google and Apple Inc. (
), are betting high on this market's potential and are developing
wearable technology products.
Per a report from Transparency Market Research, the wearable
technology market is poised to reach $5.8 billion by 2018. We
believe that with this collaboration, Himax stands to capitalize on
the significant growth potential of this nascent market as
mainstream demand for such products gather strength.
Himax presently sports a Zacks Rank #3 (Hold). A better-ranked
stock in the industry is Silicon Motion Technology Corp. (
), holding a Zacks Rank #1 (Strong Buy).
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