logo
Plus   Neg
Share
Email

Intel, Luxottica Announce Multi-year Collaboration For Wearable Technology

Intel Corp. (INTC) and Italian eyewear company Luxottica Group S.p.A (LUX) Wednesday announced a multi-year R&D collaboration to fuse premium, luxury and sports eyewear with smart technology. The first product from Intel and Luxottica is expected to launch in 2015.

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 companies said.

The aim is to deliver smart, fashion-forward products that are meaningful and desirable to consumers.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Payment solutions giant Mastercard has won a patent for a payment system linking Blockchain-based assets to fiat currency accounts. The US patent is a new method to speed up digital currency payments. The document, published by the U.S. Patent and Trademark Office or USPTO, explained that it is a method for managing fractional reserves of blockchain currency. MGM Resorts International Inc. filed federal lawsuits against more than 1,000 victims of last October's deadly mass shooting in Las Vegas in an effort to avoid liability for the incident. MGM owns the Mandalay Bay Resort, from where the gunman Stephen Paddock had launched the attack. Paddock opened fire on a large crowd at an open-air country music concert, killing 58 people. Morgan Stanley (MS) reported 43 percent growth in profit for the second quarter, reflecting strong performance in Investment Banking and sales and trading. Quarterly net revenues rose 12 percent from the prior year. Both earnings per share and revenues topped analysts' expectations.
Follow RTT