Intel acquires Recon to bolster development towards wearable technology
Intel announced on Wednesday that it has completed the acquisition of Recon, the company that makes smart eyewear for sports and high-intensity environment. The acquisition is aimed to help the chip maker to bolster its development towards wearable technology.
Terms of the deal were not disclosed, but Intel mentions that Recon was formerly an Intel Capital portfolio company.
Intel assures that Vancouver, British Columbia-based Recon will continue to sell, enhance and market its smart eyewear under the Recon brand “without disruption”. However, it will partner with Intel’s New Devices Group to together develop smart device platforms.
“We are excited to welcome the Recon team to Intel, and we look forward to the amazing experiences we’ll invent together,” senior vice president and general manager of Intel’s New Technology Group Josh Walden said in a blog post.
Dan Eisenhardt, co-founder and CEO of Recon, in a separate statement confirms that the company will continue its existing operations at its headquarters in Vancouver, but will have new resources to extend its developer relations program as well as get an opportunity to start working on new technologies with Intel’s team.
“This acquisition has placed Recon in a uniquely advantageous position. Going forward, we’ll continue leading the smart eyewear category for sports, and we’ll be able to bring our technology and innovation to completely new markets and use cases where activity-specific information, delivered instantly, can change the game,” Eisenhardt said.
Intel appears to be quite keen to develop new technologies for wearables. It already brought the button-sized Intel Curie module as a chip for wearable devices and announced partnership with companies like Luxottica Group, Fossil and Open Ceremony to design new smart wearables.