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Intel Signs Multiyear Deal with Luxottica for Smart Glasses

1AF INTEL LUXOTTICA DEAL
On Monday we reported that Intel processors will power Google Glass in 2015. The Wall Street Journal's Alistair Barr had noted that Intel had missed the entire shift to smartphones and tablets and is going full tilt to not miss the wearables and Internet of Things revolution. The announcement that Google Glass would be shifting processors from Texas Instruments to Intel was only the beginning. Today Intel is announcing yet another deal for powering a different smart glass product.

 

Today Luxottica announced a multiyear collaboration deal for wearable tech with Intel. This strategic alliance will push the boundaries of research and development to anticipate what smart technology for eyewear will look like in the future. The ultimate goal is to help pioneer that change and deliver smart, fashion-forward products that are meaningful and desirable to consumers. The first product from Intel and Luxottica is expected to launch in 2015.

 

Intel CEO Brian Krzanich stated that "The growth of wearable technology is creating a new playing field for innovation. Through our collaboration with Luxottica Group, we will unite our respective ecosystems and bring together Intel's leading-edge silicon and software technology with Luxottica's design innovation and consumer expertise. We expect the combination of our expertise to help drive a much faster pace of innovation and push the envelope of what's possible."

 

Massimo Vian, CEO of Luxottica Group stated that "This is an incredible opportunity for us to continue to innovate and further shape the future of eyewear. Together with Intel, we will continue to develop the potential of wearables, expanding the limits of what eyewear can be. We'll lead the change to create frames that are as intelligent and functional as they are beautiful; Products that consumers will love to wear."

 

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