Vuzix Corporation said on Friday that Intel Corp invested $24.8 million in the company to speed up the launch of Internet-connected eyewear. Intel bought preferred stock that is convertible into common shares equivalent to 30 percent of Vuzix, Vuzix said in a press release. Rochester, New York-based Vuzix develops computerised, Internet-connected glasses and other video eyewear aimed at consumers, businesses and entertainment.
Comments
Comments are closed.