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Extreme Deal

Agreement with Samsung includes acquisition of company's technology and per unit royalties
Agreement with Samsung includes acquisition of company's technology and per unit royalties 
 
 

Extreme Reality sells to Samsung, NEC

Major deal for Herzliya-based tech company: Asian electronics giants will use its motion capture technology in their new computers, mobile devices

Asaf Gilad, Calcalist
Published: 11.20.12, 06:37 / Israel Business

Electronics giants Samsung and NEC are adopting the 3D Motion Capture technology by Herzliya-based company Extreme Reality for their new computers, which will be operated without the need of input devices.

 

The Asian electronics corporations said that their next generation all-in-one computers would be motion operated with the help of Extreme Reality's technology.

 

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Estimates are that the agreement will yield millions in profits for Extreme Reality over the next several years.

 

The agreement between Extreme Reality and South Korean Samsung includes the acquisition of the company's technology and per unit royalties, whereas Japanese NEC acquired the technology and adapted it to its needs.

 

Extreme Reality's technology allows computer and mobile device manufacturers to incorporate motion control technology in their products without having to use 3D motion capture devices.

 

Extreme Reality has raised some $14 million to date. Among its investors are Yuval Shahar, who sold P-Cube and PentaCom to Cisco; billionaire and one of Silicon Valley's top private investors, Ron Conway, who is also invested in Google, Foursquare, PayPal, Twitter and Napster; and Texas Instruments and Israeli angel investor Nissim Zarfati, a former chairman at Kardan.

 

This report was originally published in Hebrew by Calcalist

 

 

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