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Home / Tips and Tricks / Meta Claims Insolvency, ODG Ends in Fire Sales, New Smartglasses Flood CES 2019 «Next Reality

Meta Claims Insolvency, ODG Ends in Fire Sales, New Smartglasses Flood CES 2019 «Next Reality



The annual Consumer Electronics Show week will be filled with good news for the enhanced reality when AR headsets and smartglass manufacturers show off their new products.

Unfortunately, when the CES folded this week, a dark cloud hung over the AR hardware fraternity. We learned that two darlings of CES earlier, Meta Company and Osterhout Design Group, collapsed under the importance of unfulfilled expectations. At the same time, the assets of Blippar, which fell in the UK equivalent of bankruptcy last month, will be sold next week, with a very interesting commander among the bidders.

The sun was still shining on CES, when AT&T announced a Development of its partnership with Magic Leap to pursue business opportunities.

Financial and legal problems Push Meta to the Brink

The last time we heard from Meta, the creators of the Meta 2-magnified reality head were created, the things looked rather gloomy. Now that several new facts have come to light, we have confirmation of the fate of the coated company: Meta is ready.

As we reported back in September, the company had to equip the majority of its staff after failing to secure a new $ 20 million funding round from investors. On Wednesday, an application with a delaware court unintentionally revealed that Meta is insolvent and is completely finished.

To find out what happened and what went wrong, continue reading. Then read on for updates of this continued story …

ODG falls with patents and assets up for sale

Despite the hype and the potential of in-depth computing, the enhanced reality shows the industry that it is not invincible, as another AR hardware company, this time Osterhout Design Group (ODG) is reportedly missing.

On Tuesday, access liquidator Hilco Streambank will start selling assets to ODG, including a portfolio of more than 100 selected patents, a range of patent applications at various stages of the evaluation process, brands and "material collateral supporting the business".

But before the company's assets hit the auction block, ODG had talks with several interesting representatives, with an AR machine company that reportedly made an offer. Read on to find out who kicked the tire on ODG and what remains for bidders to buy up …

Picture of ODG / YouTube

REALITY BITES: Rap feeds are fun to follow but how about beef between 3D engines? Agreement, which started the week with a note of goodwill that appears to award $ 25,000 to an app that "inspires meaningful change" is in a war with words of unfairness, which had been revoked for breach of Unity's terms of use. Subsequently, Epic Games entered the crime, undoubtedly collaborated to establish a $ 25 million fund to relocate games built on Improbable's SpatialOS to "more open engines". However, Unity has replied that games built on SpatialOS are not affected by improper prohibitions.

Layar Founders Place Bid to Take Back Company in Blippar Asset Sale

After joining the administration (UK version of bankruptcy) last month, Blipper's assets are for sale, and bidding ended today.

But with Blipper's story almost at the end, a surprise twist has entered the company's history. The founders of Layar, which were sold to Blippar 2014, are one of the bidders of Blipper's assets.

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

Picture of Layar / YouTube

REALITY BITES: While many recognize South by Southwest (SXSW) for their music exhibitions, the festival also serves as a tech expo. This week, the SXSW announced the finalists for its annual start competition, SXSW Pitch. The finalists are divided into 10 categories, including an AR / VR grouping.

AT&T Eyes Enterprise AR Market via Magic Leap Partnership

With CES in full swing, it seemed as though Magic Leap was getting a little to announce at the big-tech event, but it turns out that one of its partners has Weighed in with a fairly large update on the company.

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

Continue reading for more information on Business Application Matters AT&T plans to explore with Magic Leap …

REALITY BITES: WaveOptics has its eyes on the consumer's smartglass market and has shored up its supply chain to scale up its business. At CES 2019, the company added another two original design manufacturers in Compal and Wistron, as well as a long-term supply agreement with Corning, which will provide high-index glass panels for WaveOptics waveguides.

Investors Pledge $ 15 Million in Funding to Smartglasses Maker Nreal

The new story that CES begins is that smart-grade consumer quality requires a great compromise in functionality to arrive at a form factor and price point that appeals to regular customers.

China-based start Nreal is ready to undermine these expectations with Nreal Light, stylish smart glasses available in various colors that match North Focals and Vuzix Blades in form factor, but with features similar to those found on advanced AR headsets.

Read on for more information on the displaying smart glasses and how the company convinced investors to invest $ 15 million on them …

REALITY BITES: We have established a new vision on Next Reality that brings together all the news about the business with increased reality. So if you want news about investments, executive arrivals and departures, market analysis and the like, check out our AR Business section!

Next week, the latest headings from the financial side review increased and mixed reality. This weekly Market Reality column includes financing announcements, mergers and acquisitions, market analysis, and the like. Check out earlier releases of Market Reality for more news you may have missed.

Cover image via Meta Company / YouTube


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