Lumus Ltd is an Israel-based company that is in the field of developing AR products that enable users to take advantage of the information available in both physical and virtual worlds.
It uses its patented “Light-Guide Optical Element” (LOE) technology in its products. Since the company wanted to bring this patented technology to the market, it decided to convert it into Optical Engine modules with an intention of developing transparent displays that can be worn in the same way as regular glasses.
In layman’s terms, LOE is actually a lens that consists of a micro display as well as projector which helps in offering innovative solutions with the support of AR. In other words, Lumus’s Optical Engine, that consists of the LOE, an ultrathin lens, a microdisplay, and a miniature projector which provides high-resolution, full-color imagery in the wearer’s view, can help in providing extraordinary AR experience to users.
Lumus has been serving its Optical Engine platform for solutions used in areas like the medical sector, aviation, military, and manufacturing logistics industries.
But the company now wants to enter the consumer and enterprise markets and this move of Lumus is supported by a lot of investors. The company has managed to raise approximately $30 million from tech giants like HTC and Quanta Computer. Apart from that Lumus had also raised around $15 million earlier from Shanda Group and Crystal-Optech – which is a Chinese photo-electric component maker. All together the company raised around $45 million in series C round of funding.
It has come up with two development kits: DK-50 and DK-40. The DK-40 kit consists of a VGA resolution, a 23-degree field of view, and one 5MP camera. In addition to that, it is supported by an on-board OMAP processor running Android.
However, when it comes to the DK-50 kit, it offers a 720p resolution, a 40-degree field of view, and two 4MP cameras, with an on-board Qualcomm Snapdragon processor running Android.
Earlier this year, HTC released its Vive costing $800 which is supported by the Steam VR. The HTC Vive consists of two motion controllers and two “lighthouses” that are helpful in tracking user’s physical movements. The hardware requirements include an Intel Core i5-4590 processor, a Nvidia Geforce GTX 970 graphics chip, 4GB of system memory, and more.
The other investor, Quanta Computer is into building notebooks, servers, industrial computers, and other internet-connected devices. Moreover, the vice chairman of Quanta, C.C. Leung said that Lumus is expected to become an innovator and industry leader in relevance to transparent optical displays in the entire AR market.