Intel has announced the acquisition of Recon Instruments, a firm that makes wearable displays for the sporting world.
Recon employees will be added to Intel’s New Technology Group to work on head-mounted displays.
Recon was formed in 2008 as a business school project at the University of British Columbia. Speaking to PCR’s sister publication, BikeBiz, Recon’s CEO Dan Eisenhardt said: "As part of Intel, we’ll have the resources to continue the mission we began with the creation of Recon in 2008, but with a level of efficacy and speed that’s beyond the reach of a pioneer in a new market. We’ll stay right here in Vancouver, and we’ll retain our talent, our brand, and our entrepreneurial spirit.”
Josh Walden, senior VP and GM of Intel’s New Technology Group said: "Customers and retailers of Recon products can rest assured they’ll continue selling, enhancing and marketing their products under the Recon brand without disruption. The team will also partner with Intel’s New Devices Group to develop smart device platforms for a broader set of customers and market segments.
"We are excited to welcome the Recon team to Intel, and we look forward to the amazing experiences we’ll invent together."
Earlier this month rumours started to circulate that Intel was planning to cut a number of jobs before the end of June. A leaked memo allegedly stated that the firm needs to reduce overall spending for the second half of the year.
Intel recently held its Future Showcase event to celebrate 50 years of Moore’s Law. Check out the top five pieces of tech that were on show here.