PALO ALTO, Calif., Aug. 26, 2021 /PRNewswire/ -- Inpixon
(Nasdaq: INPX), the Indoor Intelligence™ company, today announced
it has executed a strategic alliance and co-marketing agreement
with Ostendo Technologies, Inc. ("Ostendo"), a leader in quantum
photonics and micro-display technologies. In connection with
this agreement, the companies will jointly pursue customer
opportunities aimed at launching new augmented reality (AR) enabled
solutions incorporating Ostendo's AR smart glasses and Inpixon's
award-winning location, computer vision and AR technologies. These
solutions will seek to surpass competitors' benchmarks in terms of
size, weight, resolution, cost effectiveness and mobile app
integration in order to bring the immersive experiences and
extraordinary value of AR to a multitude of industries and use
cases.
Nadir Ali, CEO of Inpixon,
commented, "This strategic alliance with Ostendo will enable us to
leverage our range of capabilities and technologies, including app
development, mapping, AR, sports devices and others in order to
reimagine the hybrid workplace experience. With Ostendo's
collaboration, we believe we can introduce new products to
accelerate the next revolution in immersive experiences. Unlike the
recently announced Facebook Horizon Workroom that endeavors for
remote workers to collaborate in virtual reality, Inpixon's hybrid
workplace experience coupled with Ostendo's truly wearable AR smart
glasses will help organizations enhance the IRL (in-real-life)
experience and performance of its employees based on their
location, whether at home, in the workplace or in between. The
possibilities are nearly limitless, and we're eager to pursue these
opportunities in the disruptive, rapidly growing AR and wearable
market."
Inpixon and Ostendo will seek to combine their technological
capabilities for application across various use cases. Wearable
displays that incorporate Inpixon mapping, positioning and IoT
device tracking can be used to make routine facilities and
equipment inspections or maintenance actions more efficient by
delivering data such as routing guidance, assessment
checklists, image capture, and problem reporting. With the
aid of wearable displays, emergency care workers can receive alerts
and optimized routing guidance to the person in need of care, and
when a situation exceeds the current knowledge of the caregiver,
wearable displays can enable effective telemedicine and deliver
step-by-step guidance to the responder. In addition to work
environments, wearable displays can also be leveraged in sports by
bringing a hands-free augmentation to the game. As an example, the
golf experience can be transformed with heads-up, hands-free
visualization of on-course analytics, ball finding, distance to go,
weather, club selection, score tracking, and more.
Ostendo CEO and co-founder, Dr. Hussein S. El-Ghoroury, a
pioneer in the mobile and telecom industries and the former CTO of
IBM Microelectronics, said, "Ostendo's Quantum Photonic Imager
(QPI®) solves the wearability problem for smart glasses where cost,
weight and brightness relegated existing heads-up displays to niche
applications. Many augmented reality experiences depend on an
accurate understanding of where we are and what's around us, which
is why we are thrilled to partner with Inpixon, the leading indoor
intelligence company. Together we will offer best-in-class wearable
displays that extend Inpixon's ability to deliver actionable
intelligence on top of its market-leading suite of hardware and
software technologies for AR, computer vision, 3D construction,
data science, mapping and app development."
Ostendo's QPI® is the only full-color ≤ 10µm µLED micro
display in the market that can enable the immersive and volumetric
aspects needed to realize both wearable near-eye displays and
holographic light field displays. One of many practical
implementations of QPI® is for augmented reality smart glasses.
Unlike legacy technologies, the QPI® fully-integrates multiple
existing functions (i.e., display, optical collimator, image
processor and decompression code), which reduces size and cost and
enables the transition from a mobile computing (smartphone and
tablet) to a wearable computing platform with market-leading specs
that wirelessly connect to any smartphone, tablet, PC, game box, or
media streaming device. Ostendo boasts a portfolio of more than 400
patents, and its backers and funding sources have included luxury
fashion titan and investor François-Henri
Pinault and the US Government's DARPA and IARPA programs who
turned to Ostendo to develop 3D holographic displays.
"Our collaboration with Ostendo will drive the digital
transformation initiatives of our mutual clients and an expansive
pipeline of new, marque customers and governments with what we
believe to be the most advanced augmented reality technology
available globally coupled with our full-stack of indoor
intelligence solutions. Together, we will work collaboratively with
these clients to co-create unique applications that will
materialize the art of the possible in a value-driven,
organizational adoption at a rapid pace," said Adam Benson, CTO of Inpixon. "We are excited to
have the Inpixon and Ostendo development teams work closely
together to architect a new era in augmented reality with Ostendo's
hardware, chipset and our technologies around app development,
mapping, positioning, sports devices, and more."
"Ostendo welcomes Inpixon and its clients to the photonic era,
and we are ready to deliver a transformational visual computing
experience through wearable displays with up to a 150-degree
diagonal field of view, matched to harness QPI® Advanced
Architecture and our vuOS™ Visual Access Operating System,
incorporating Inpixon's Indoor Intelligence™ location-based systems
and software," said Dr. Chih-Li
Chuang, SVP, Engineering and Technology of Ostendo.
"Enabling employees and others to achieve new levels of
productivity with a concurrent visual interface that allows for
context switching based on visual or user-selected prompts that
understands the user's environment enhanced by Inpixon's
technologies is pioneering; today is one for the history
books."
Augmented reality is poised for extraordinary growth according
to research studies and industry experts. The Harvard Business
Review article, Why Every Organization Needs an Augmented
Reality Strategy, refers to AR as "a historic innovation," and
states, "AR will become the new interface between humans and
machines...AR will affect companies in every industry." And it's
already happening, as noted in another HBR publication,
Augmented Reality Is Already Improving Worker
Performance: "Upskilling technologies, a partnership
between humans and smart machines, can augment workers' abilities,
resulting in dramatically improved performance, greater safety, and
higher worker satisfaction." The authors cite studies of GE
Healthcare, Boeing and others showing an average productivity
improvement of 32%. Notably, the benefits extend beyond
productivity to experiences, stated a IEEE study: "The future
mobile augmented reality applications will bring an added value to
numerous application domains by enhancing the quality of user
experience and well-being of the sophisticated next generation
society." Thus, it's no surprise market researchers are forecasting
extraordinary growth for the global augmented reality market of
46.6% CAGR to USD 72.7 billion by
2024.
Inpixon invites investors and other interested parties to hear
more about this announcement and its plans at the Inpixon Demo Day
virtual event to be held Sept. 8,
2021, when it will be demonstrating its innovative
technology along with its collaborators at Ostendo. The time and
registration link will be shared in an upcoming communication and
posted on ir.inpixon.com.
About Ostendo
Founded in 2005, Ostendo is a Carlsbad, California-based company that has
developed breakthrough quantum photonic technology by combining
leading photonic and micro-processing technologies together on a
single semiconductor device. Distinguished by its experienced team
– numbering over 65 employees from the wireless communications and
display technology industries – Ostendo has designed a Quantum
Photonic Imager (QPI®) platform purpose-built to deliver next
generation solid-state integrated electronics/photonics devices for
consumer, enterprise and defense applications. Ostendo expects to
launch its first consumer wearable displays in 2022 followed
shortly thereafter by mobile projectors and light field displays,
each built on the QPI® platform. Visit Ostendo.com.
About Inpixon
Inpixon® (Nasdaq: INPX) is the innovator of Indoor Intelligence™
delivering actionable insights for people, places and things.
Combining the power of mapping, positioning and analytics, Inpixon
helps to create smarter, safer and more secure environments. The
company's Indoor Intelligence and mobile app solutions are
leveraged by a multitude of industries to optimize operations,
increase productivity, and enhance safety. Inpixon customers can
take advantage of industry leading location awareness, RTLS,
workplace and hybrid event solutions, analytics, sensor fusion and
the IoT to create exceptional experiences and to do good with
indoor data. For the latest insights, follow Inpixon on LinkedIn,
and Twitter, and visit inpixon.com.
Safe Harbor Statement
All statements in this release that are not based on
historical fact are "forward-looking statements" within the meaning
of the Private Securities Litigation Reform Act of 1995 and the
provisions of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. While management has based any forward-looking statements
included in this release on its current expectations, the
information on which such expectations were based may change. These
forward-looking statements rely on a number of assumptions
concerning future events and are subject to a number of risks,
uncertainties and other factors, many of which are outside of the
control of Inpixon and its subsidiaries, which could cause actual
results to materially differ from such statements. Such risks,
uncertainties, and other factors include, but are not limited to,
the fluctuation of economic conditions, the impact of COVID-19 on
Inpixon's results of operations and global supply chain
constraints, Inpixon's ability to integrate the products and
business from recent acquisitions into its existing business, the
performance of management and employees, the regulatory landscape
as it relates to privacy regulations and their applicability to
Inpixon's technology, Inpixon's ability to maintain compliance with
Nasdaq's minimum bid price requirement and other continued listing
requirements, the ability to obtain financing, competition, general
economic conditions and other factors that are detailed in
Inpixon's periodic and current reports available for review at
sec.gov. Furthermore, Inpixon operates in a highly competitive and
rapidly changing environment where new and unanticipated risks may
arise. Accordingly, investors should not place any reliance on
forward-looking statements as a prediction of actual results.
Inpixon disclaims any intention to, and undertakes no obligation
to, update or revise forward-looking statements.
Contacts
For Inpixon:
Media relations and general inquiries:
Email: marketing@inpixon.com
Web: inpixon.com/contact-us
Investor relations:
Crescendo Communications, LLC
Tel: +1 212-671-1020
Email: INPX@crescendo-ir.com
For Ostendo:
Email: press@ostendo.com
Web: ostendo.com/contact
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