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Computer Electronics

Augmented and Virtual Reality Markets Expected to Reach All Time Highs

Vlad Poptamas

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Photo source: justscience.in
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A 2016 report release by a well-respected industry research firm, Statista, painted a rather rosy picture for the global augmented (“AR”) and virtual reality (“VR”) segments. The report stated that: “In 2022, the augmented and virtual reality market is expected to reach a market size of $209.2 billion U.S. dollars.”

new report from Zion Market Research, just recently released, actually gave the AR and VR global markets a higher than expected valuation: “… at around USD $26.7 billion in 2018 and is expected to reach approximately USD $814.7 billion by 2025, at a CAGR of 63.01% between 2019 and 2025.” So it appears that the markets are exceeding prior expectations.  The AR and VR markets are usually grouped together but there are differences in the AR and VM technologies themselves. Each has a strong market share on its own but can also be used in conjunction, which is called augmented virtuality (“AV”), according to PC Magazine. 

Active tech companies in the markets this week include Vuzix® Corporation (NASDAQ: VUZI), QUALCOMM Incorporated (NASDAQ: QCOM), Lumentum Holdings Inc. (NASDAQ: LITE), Apple Inc. (NASDAQ: AAPL), NVIDIA Corporation (NASDAQ: NVDA).

Zion summarizes that the two biggest global markets for the technologies are North America and EuropeNorth America is expected to hold the largest share in AR and VR due to the rising demand in the media and entertainments markets, while Europe will hold a substantial share due to early adoption by EU consumers. It concludes that Asiapacific should likely have the highest CAGR in the future.

BREAKING NEWS:  Vuzix® Corporation, (“Vuzix” or, the “Company”), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products is pleased to announce the debut of Vuzix’ next generation enterprise smart glasses, the M400, one of the first products made commercially available using the Qualcomm® Snapdragon™ XR1 platform.

Since the Company’s collaboration with Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, was announced in May 2018, the teams have been actively engaged to develop the first Snapdragon XR1-based enterprise smart glasses.  The Vuzix M400 enterprise smart glasses will be unveiled at Mobile World Congress (MWC) taking place February 25-28, 2019 at the Fria Gran Via in Barcelona, Spain.

“Snapdragon XR1 is the first dedicated XR platform from Qualcomm Technologies targeted to the class of devices that Vuzix has mastered. Vuzix’ focus on wearability, experience, and form factor combined with XR1 will drive smart glasses to the next level,” said Hugo Swart, head of XR, Qualcomm Technologies, Inc. “Qualcomm Technologies is a strong believer in the smart glasses segment for the enterprise. We look forward to seeing our collaboration with Vuzix help scale adoption in enterprises and become a mainstream device to help increase employee productivity in the new era of AI and immersive computing.”

The Snapdragon XR1 platform integrates Qualcomm Technologies’ heterogeneous computing architecture including an ARM-based multicore Central Processing Unit (CPU), vector processor, Graphics Processing Unit (GPU) and Qualcomm® AI Engine. The Snapdragon XR1 allows for power efficient on-device processing of vision-based machine learning algorithms that can help with key Augmented Reality (AR) use cases like superior pose prediction, object classification, etc.  The Snapdragon XR1 platform was also designed to deliver an immersive User Interface (UI) experience, with features such as native voice processing, motion tracking, head tracking and more.

The new product, currently referred to as the Vuzix M400 Smart Glasses, is expected to enter volume production in summer 2019. Further details and pricing will be announced this spring as well as the commencement of an early engagement program for select developers and customers. Even with all its new capabilities and features, the product will be physically, mechanically and for most software 100% compatible with Vuzix’ existing M-Series products.

Additional recent developments and major influences in the tech industry include:

QUALCOMM Incorporated (NASDAQ: QCOM) last week the company announced that its latest 8 series mobile platform is powering Samsung Electronics Co., Ltd.’s latest and most cutting-edge flagship smartphones, the Samsung Galaxy S10, S10+, S10e, S10 5G, for select regions. The Samsung Galaxy S10 line-up is powered by the Qualcomm® Snapdragon™ 855 Mobile Platform, which supports multi-gigabit connectivity and industry-leading on-device artificial intelligence (AI) to usher in a new decade of flagship mobile devices.

Additionally, Qualcomm has an Augmented Reality platform and is working toward enabling a digital reality. Augmented Reality (AR) is the concept of superimposing digital content (such as online information and graphics) on top of a view of the real world as seen through the viewfinder of a camera. The company’s vision-based AR platform uses complex computer vision algorithms, tightly aligns computer graphics, and includes robust tracking and image detection.

Lumentum Holdings Inc. (NASDAQ: LITE) is a market-leading designer and manufacturer of innovative optical and photonic products enabling optical networking and laser applications worldwide.  Lumentum’s optical components and subsystems are part of virtually every type of telecom, enterprise, and data center network.  Lumentum’s lasers enable advanced manufacturing techniques and diverse applications including next-generation 3D sensing capabilities.

On February 4, the company announced that it will present a collection of innovative photonic-based products for a wide range of applications in 3D sensing and advanced manufacturing markets including – VCSELs, edge-emitting DFBs, kW fiber, pump, and diode lasers at SPIE Photonics West 2019 held in San Francisco, Calif., from February 5 – 7, 2019 at Moscone Center in the South Hall in booth #1123.

Apple Inc. (NASDAQ: AAPL) not that long ago announced that John Giannandrea has been named to the company’s executive team as senior vice president of Machine Learning and Artificial Intelligence Strategy. Giannandrea oversees the strategy for AI and Machine Learning across all Apple products and services, as well as the development of Core ML® and Siri® technologies. “John hit the ground running at Apple and we are thrilled to have him as part of our executive team,” said Tim Cook, Apple’s CEO.

On its website the company says: Apple hardware and software have always been designed together for the best experience possible. Now that experience includes augmented reality like you’ve never seen it before. iOS 12 and ARKit 2 take advantage of the powerful hardware in iPhone and iPad to bring the virtual world seamlessly into the real world.

NVIDIA Corporation (NASDAQ: NVDA) on February 22, the company introduced the GeForce® GTX® 1660 Ti, a new gaming GPU that delivers a big step up in performance and power efficiency for today’s most popular games. It is available now worldwide starting at $279.

Based on the 12th generation Turing™ GPU architecture, the GTX 1660 Ti takes advantage of all of Turing’s shader innovations to deliver 2x the TOPS of the previous-generation Pascal™ architecture. It supports concurrent floating point and integer operations, a unified cache architecture with 3x the L1 cache, and turbocharged performance using adaptive shading technology.

DISCLAIMER:  FN Media Group LLC (FNM), which owns and operates Financialnewsmedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM has been compensated forty six hundred dollars for news coverage of the current press releases issued by Vuzix® Corporation  by the company.  FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

 

SOURCE FinancialNewsMedia.com

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Beauty and Cosmetics

Alma Celebrates Its Platinum Anniversary – 20 Years of Global Leadership

Betty Tűndik

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Logo Source: almalasers.com - edited by Picante.today
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Alma, one of the top five global leaders of energy-based medical and aesthetic solutions, today announced global launch of its 20th anniversary celebrations, kicked-off in Milan, one of the world’s beauty capitals, during WCD tradeshow

From its early days, Alma has been at the forefront of medical and aesthetics technologies, carrying the torch of revolution in various arenas around the world, determined to become a market leader. Today, Alma is a world-leading provider of energy-based solutions for the surgical, medical aesthetics and beauty markets, delivering cutting-edge technologies to its partners and customers in over 80 countries.

Alma’s 20th anniversary events and activities will span around the world throughout 2019, celebrating our journey guided by our key values:

  • Wellbeing of body and soul, a positive celebration of life
  • Knowledge – harness the industry’s brightest minds to lead our endless engagement with science, technology, manufacturing and much more
  • People First – people are our power and passion
  • Daring – being first and doing things differently, constantly challenging ourselves and embracing change in this dynamic world we live in
  • Modern Life – crafting our work around the way people live today, seeking for authentic, inherent realities, identifying trends alongside timeless truths, welcoming the world’s diverse beauty with open arms

“We are delighted to announce our 20th anniversary and invite all of you to join our global celebration. With 20 years of successful and impactful operation behind us, we are excited and committed towards the future – for you, for life,” said Lior Dayan, Alma’s CEO.

 

 

SOURCE: Alma Lasers

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Computer Electronics

Learn more about Quantum Technology and Quantum Mechanics with Dr. André Xuereb at TCE2019 Prague

Zoltán Tűndik

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Decades of research, laboratory curiosities, and world-changing effect notes are starting to be implemented worldwide and the age of quantum is here.

Whenever we are talking about the atomic clock (which already 69 years old) or supercomputers, everything in the natural world can be described by quantum mechanics.

Although, the theory was born a century ago, what is notable about the effort now is that the challenges are no longer scientific but have become matters of engineering. A new industry is born and the future definitely looks exciting as the quantum industry covers far more than just quantum computing. Quantum technology harnesses the strange behavior of tiny particles for a whole range of applications, including navigation tools, enhanced imaging technology, and extremely precise timing devices.

Quantum techniques can also be used to improve the efficiency and capacity of communication channels on a global scale and the method used is Photonics.

The method is focused on the use of light particles, photons, to transmit or carry information. This has been proved to be a less resource-intensive process, since photons are more accessible than other sources of energy, and fiber cables weigh around 40 times less than cables currently used for telephone lines and broadband internet.

During the inaugural PICANTE Tech Conference Europe, we are bringing together industry leaders, scientist and will discuss (among other topics) the investment opportunities in Quantum Technology and Nanotech.

The panel discussion which is titled “Discussions and Investment Opportunities in Quantum Technology and Nanotech” will be joined by Dr. André Xuereb, Professor of Atomic and Quantum Physics at the University of Malta.

About Dr. André Xuereb

André Xuereb is physicist from Malta. He read for an undergraduate degree in mathematics and physics at the University of Malta, a Ph.D. in theoretical physics at the University of Southampton in the UK, and a master degree in entrepreneurship at the University of Malta. He is a professor of atomic and quantum physics at the University of Malta, is Science Policy Officer of the Malta Chamber of Scientists, represents Malta on several European research networks, and was recently elected as the first Maltese member of the Global Young Academy. André has an active career in science, having established and leading the quantum research group at the University of Malta, and co-owns an educational software startup.

PICANTE Tech Conference Europe is designed to bring both people and knowledge together and provides the excellent ecosystem of networking and learning opportunities without interruptions with emphasis on comfort and communication. After learning from genuine world-class experts and wayseers, meeting achievers shaping the B2B ecosystem, all attendees will get the chance to grab a drink and relax while networking at the evening social gathering.

REGISTER HERE or BROWSE THE AGENDA/PROGRAM!

Seats are limited (Super Early Bird Rate – valid through 30th of June)

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Awards

Elekta Wins 2019 ‘Medical Device Engineering Breakthrough’ Award From MedTech Breakthrough

Betty Tűndik

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Logo Source: medtechbreakthrough.com - edited by Picante.today
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Annual awards program recognizes outstanding health and medical technology products and companies

Elekta (EKTA-B.ST), today announced that MedTech Breakthrough, an independent organization that recognizes the top companies and solutions in the global health and medical technology market, has presented the “Medical Device Engineering Breakthrough” award in the 2019 MedTech Breakthrough Awards program to Elekta for its Elekta Unity MR-linac.

Elekta Unity combines two technologies: a state-of-the-art 1.5T MRI scanner and a best-in-class 7 MV linear accelerator, driven by breakthrough real-time adaptive radiotherapy software. It provides the ability to reshape the dose based on daily changes in shape, size and position of the tumor and surrounding healthy anatomy, as visualized with MRI, and then enables accurate dose delivery with real-time visualization of the tumor.

“We reserve our Medical Device Engineering Breakthrough award for recognizing transformative technology and Elekta Unity is a shining example of groundbreaking medical technology deserving of this designation,” said James Johnson, managing director, MedTech Breakthrough. “In addition to Elekta Unity displaying breakthrough engineering that combines precision radiation therapy and high-field MR imaging, Elekta Unity addresses one of the most critical healthcare issues in the world with a focus on providing the next generation of cancer care.”

The mission of the MedTech Breakthrough Awards is to honor excellence and recognize the innovation, hard work and success in a range of health and medical technology categories, including Robotics, Clinical Administration, Telehealth, Patient Engagement, Electronic Health Records, mHealth, Medical Devices, Medical Data and many more. This year’s program attracted more than 3,500 nominations from over 15 different countries throughout the world.

“It’s an honor for Elekta to win this prestigious award,” said Richard Hausmann, Elekta’s President and CEO. “The Unity system’s breakthrough technology demonstrates our leadership in precision radiation medicine and commitment to the needs of the patient and cancer care team delivering treatment.”

Robert Woolston, Managing Director at DCA Design International, Elekta’s design partner for the MR-linac system, commented, “Congratulations to all involved in the development of Elekta Unity. We are delighted to see this system winning award after award and most importantly to see it improving cancer patients’ radiotherapy experience and outcomes, as it ushers in a transformation in precision and personalized cancer treatment.”

Through Elekta Unity’s integrated and responsive software, tumors and surrounding tissue can be precisely located, their movement tracked, and treatment adapted in real time based on live information. This allows treatment plans to be adapted while the patient is on the table in response to changes in tumor position, shape, biology and the relationship to sensitive organs over time.

 

 

SOURCE: Elekta

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